FirstEnergy (FE) director Turner receives 898 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turner Leslie M reported acquisition or exercise transactions in this Form 4 filing.
FIRSTENERGY CORP director Leslie M. Turner reported a compensation-related grant of phantom stock units. On July 1, 2026, Turner received 898 Phantom Stock Units, representing quarterly director compensation under the company’s 2020 Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
Each phantom unit is economically equivalent to one share of FirstEnergy common stock and is payable in cash or shares after Turner’s board service ends. Following this grant and related dividend reinvestments, Turner now holds 25,849.616 phantom stock units and 8,477 shares of common stock directly, reflecting ongoing non-cash, routine director compensation rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Turner Leslie M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 25,849.616 shares (Direct, null);
Common Stock — 8,477 shares (Direct, null)
Footnotes (1)
- Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. 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.
Key Figures
Phantom units granted: 898 Phantom Stock Units
Phantom units after transaction: 25,849.616 Phantom Stock Units
Common shares after transaction: 8,477 shares
+2 more
5 metrics
Phantom units granted
898 Phantom Stock Units
Quarterly director compensation grant on July 1, 2026
Phantom units after transaction
25,849.616 Phantom Stock Units
Total phantom stock holdings following the grant
Common shares after transaction
8,477 shares
Direct common stock holdings after reported transactions
Grant price per phantom unit
$0.00 per unit
Non-cash award under incentive and deferred compensation plans
Net buy/sell shares
0 shares
No net open-market buying or selling in this Form 4
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, 2020 Incentive Compensation Plan, economic equivalent of one share of common stock
4 terms
Phantom Stock Units financial
"security_title: "Phantom Stock Units""
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
"deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors"
2020 Incentive Compensation Plan financial
"director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan"
FAQ
What insider transaction did FIRSTENERGY CORP (FE) director Leslie M. Turner report?
Leslie M. Turner reported receiving 898 Phantom Stock Units as part of quarterly director compensation. These units are deferred into a company plan and are economically equivalent to common shares, but are not an open-market stock purchase or sale.
Are the 898 Phantom Stock Units for FE a market trade or compensation grant?
The 898 Phantom Stock Units are a compensation grant, not a market trade. They represent quarterly director pay credited under FirstEnergy’s incentive and deferred compensation plans, with no cash paid by the director to acquire them.
How many FE phantom stock units does Leslie M. Turner hold after this Form 4?
After this grant, Leslie M. Turner holds 25,849.616 Phantom Stock Units. These units track the value of FirstEnergy common stock and are payable in cash or shares after her service as a director concludes, under the company’s deferred compensation plan.
What do FE Phantom Stock Units represent for directors like Leslie M. Turner?
Phantom Stock Units represent the economic equivalent of FirstEnergy common shares, credited as deferred compensation. They may be settled in cash or shares after a director’s service ends and can grow through dividend reinvestment, aligning director compensation with shareholder value.
Were dividend reinvestments included in Leslie M. Turner’s FE phantom stock balance?
Yes. A footnote explains that the reported phantom stock holdings include units acquired through dividend reinvestments. This means her total phantom balance increases over time as dividends on equivalent shares are reinvested into additional units.