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FirstEnergy (NYSE: FE) director gets 837 phantom stock units as pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRSTENERGY CORP director Leslie M. Turner reported a routine equity-based compensation grant. On April 1, 2026, Turner acquired 837 Phantom Stock Units as quarterly director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan. Each phantom unit is economically equivalent to one share of common stock and is payable in cash or FirstEnergy common shares after service as a director ends, under the Deferred Compensation Plan for Outside Directors. Following this grant, Turner holds 24,710.2689 Phantom Stock Units and 8,477 shares of FirstEnergy common stock directly.

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Insider Turner Leslie M
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 837 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Phantom Stock Units — 24,710.269 shares (Direct); Common Stock — 8,477 shares (Direct)
Footnotes (1)
  1. Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan. 1 for 1 This holding reflects phantom stock payable in cash or shares of FirstEnergy Corp. common stock following conclusion of service as a director, in accordance with the terms and conditions of the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. Each share of phantom stock is the economic equivalent of one share of common stock. Includes phantom stock units acquired through dividend reinvestments.
Phantom stock grant 837 units Quarterly director compensation on April 1, 2026
Phantom stock holdings 24,710.2689 units Total phantom stock units after transaction
Common stock holdings 8,477 shares Direct FirstEnergy common stock after transaction
Grant price $0.00 per unit Phantom stock units granted as compensation, not purchased
1-for-1 equivalence 1 unit = 1 share Economic equivalence of phantom stock to common stock
Phantom Stock Units financial
"Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Deferred Compensation Plan for Outside Directors financial
"payable in cash or shares ... in accordance with the terms and conditions of the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors."
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
dividend reinvestments financial
"Includes phantom stock units acquired through dividend reinvestments."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Turner Leslie M
(Last)(First)(Middle)
341 WHITE POND DRIVE
(Street)
AKRON OHIO 44320
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock8,477D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1)(2)04/01/2026A837 (3) (3)Common Stock837$024,710.2689(4)D
Explanation of Responses:
1. Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan.
2. 1 for 1
3. This holding reflects phantom stock payable in cash or shares of FirstEnergy Corp. common stock following conclusion of service as a director, in accordance with the terms and conditions of the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. Each share of phantom stock is the economic equivalent of one share of common stock.
4. Includes phantom stock units acquired through dividend reinvestments.
/s/ Mary M. Swann, attorney-in-fact04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did FirstEnergy (FE) director Leslie M. Turner report in this Form 4?

Leslie M. Turner reported receiving 837 Phantom Stock Units as quarterly director compensation. These units are part of FirstEnergy’s 2020 Incentive Compensation Plan and mirror the value of common stock, increasing her deferred equity-based holdings with the company.

How many Phantom Stock Units does Leslie M. Turner hold after this FE transaction?

After this transaction, Leslie M. Turner holds 24,710.2689 Phantom Stock Units. Each unit is the economic equivalent of one FirstEnergy common share and is payable in cash or stock after her board service concludes, under the deferred compensation plan.

How many FirstEnergy (FE) common shares does Leslie M. Turner directly own?

Leslie M. Turner directly owns 8,477 shares of FirstEnergy common stock following the reported transactions. This figure reflects her direct equity position separate from phantom stock units, which are deferred compensation rather than currently issued shares.

What are Phantom Stock Units in the context of FirstEnergy (FE)?

At FirstEnergy, Phantom Stock Units are deferred compensation instruments economically equal to common stock. They are payable in cash or shares after a director’s service ends, and the holdings can grow through additional grants and dividend reinvestments over time.

Is this FirstEnergy (FE) Form 4 a market purchase or sale by the director?

No, this Form 4 reflects a grant of 837 Phantom Stock Units as director compensation, not a market purchase or sale. The units were awarded at a price of $0.00 per unit as part of FirstEnergy’s established incentive and deferred compensation programs.

How are FirstEnergy (FE) Phantom Stock Units determined relative to common stock?

FirstEnergy’s Phantom Stock Units have a 1-for-1 relationship with common stock, meaning each unit tracks the value of one share. They may also increase through dividend reinvestments, aligning director compensation with shareholder value performance over time.