FirstEnergy (NYSE: FE) CFO awarded 66,347 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
K. Jon Taylor reported acquisition or exercise transactions in this Form 4 filing.
FirstEnergy Corp. senior vice president, CFO and head of strategy K. Jon Taylor reported an award of 66,347.313 performance-adjusted restricted stock units (RSUs) dated February 11, 2026. These RSUs were originally granted on March 1, 2023, with performance goals recently certified by the board.
Each RSU represents a contingent right to a payout delivered two-thirds in FirstEnergy common stock and one-third in cash after vesting. The RSUs are scheduled to vest on March 1, 2026, generally subject to Taylor’s continued service with the company.
The filing also updates Taylor’s common stock balances, reflecting 117,357.72 shares held directly and an estimated 5,733.093 shares held indirectly through the company’s 401(k) savings plan, incorporating dividend reinvestments and a correction to previously reported holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
K. Jon Taylor
Role
SVP, CFO and Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU | 66,347.313 | $0.00 | -- |
| holding | Phantom 3/17D | -- | -- | -- |
| holding | Phantom 3/18D | -- | -- | -- |
| holding | Phantom 3/19D | -- | -- | -- |
| holding | Phantom 3/20D | -- | -- | -- |
| holding | Phantom 3/21D | -- | -- | -- |
| holding | Phantom 3/22D | -- | -- | -- |
| holding | Phantom 3/23D | -- | -- | -- |
| holding | Phantom 3/24D | -- | -- | -- |
| holding | Phantom 3/25D | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
RSU — 66,347.313 shares (Direct);
Phantom 3/17D — 21,698.581 shares (Direct);
Phantom 3/18D — 6,447.381 shares (Direct);
Phantom 3/19D — 22,589.9 shares (Direct);
Phantom 3/20D — 22,013.193 shares (Direct);
Phantom 3/21D — 16,678.671 shares (Direct);
Phantom 3/22D — 11,662.391 shares (Direct);
Phantom 3/23D — 5,434.443 shares (Direct);
Phantom 3/24D — 38,380.214 shares (Direct);
Phantom 3/25D — 14,151.583 shares (Direct);
Common Stock — 117,357.72 shares (Direct);
Common Stock — 5,733.093 shares (Indirect, By Savings Plan)
Footnotes (1)
- Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments and to correct the prior reported balance due to an inadvertent error in the amount of securities beneficially owned by the reporting person as reported in Column 5 of Table I on the reporting person's Form 4 filed on March 4, 2025. FirstEnergy Corp.'s (the "Company") 401(k) Savings Plan includes a unitized fund invested in shares of common stock of the Company, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(K) Savings Plan in this row is an estimate of the number of shares of the Company's common stock held in the unitized stock fund since the reporting person's last filed Form 4 and as allocated to the reporting person's account as of January 31, 2026. Represents performance-adjusted restricted stock units ("RSUs") granted March 1, 2023, each of which represents a contingent right to receive an award payable 2/3 in Company common stock and 1/3 in cash following the vesting date. This Form 4 is being filed to report the satisfaction of the performance goals for the RSUs, as certified by the Company's Board of Directors on February 11, 2026. As a result, these RSUs will vest on March 1, 2026, generally subject to the reporting person's continued service. Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock are payable upon the reporting person's retirement or termination of employment under the FirstEnergy Corp. Amended and Restated Executive Deferred Compensation Plan.
FAQ
What insider transaction did FirstEnergy (FE) report for K. Jon Taylor?
FirstEnergy reported that CFO K. Jon Taylor acquired 66,347.313 performance-adjusted RSUs tied to a March 1, 2023 grant. The board certified the performance goals on February 11, 2026, triggering vesting terms that convert the award into stock and cash in 2026.
How will K. Jon Taylor’s new FirstEnergy RSU award be paid out?
The RSU award will be paid two-thirds in FirstEnergy common stock and one-third in cash following vesting. Vesting is scheduled for March 1, 2026, and generally depends on Taylor’s continued service, aligning compensation with both performance and ongoing executive tenure.
When do K. Jon Taylor’s FirstEnergy performance RSUs vest?
The performance-adjusted RSUs are scheduled to vest on March 1, 2026, after the board certified the performance goals on February 11, 2026. Payout then occurs two-thirds in common stock and one-third in cash, assuming Taylor remains in service through the vesting date.
What correction did FirstEnergy make to K. Jon Taylor’s previously reported holdings?
The filing states Taylor’s balance was updated to include shares acquired through dividend reinvestments and to correct an inadvertent error in previously reported holdings. The prior discrepancy related to the amount in Column 5 of Table I in a Form 4 filed March 4, 2025.
What are the phantom stock holdings reported for K. Jon Taylor at FirstEnergy (FE)?
The filing lists several phantom stock positions, each economically equivalent to one FirstEnergy common share and settled in cash. These phantom shares are payable upon Taylor’s retirement or termination under the company’s Amended and Restated Executive Deferred Compensation Plan, rather than through immediate share delivery.