FirstEnergy (NYSE: FE) executive details RSU vesting and share disposals

Rhea-AI Filing Summary

FirstEnergy Corp executive Allan Wade Smith, President, FE Utilities, reported several equity transactions on March 1, 2026 related mainly to restricted stock units (RSUs). A block of 34,213.477 RSUs was exercised and converted into common stock on a one-for-one basis under the 2020 Incentive Compensation Plan, following certification and vesting of performance-adjusted RSUs.

Smith also acquired 15,321 shares of common stock in a grant or award. To cover tax obligations tied to the RSU vesting, 10,194 shares of common stock were withheld at a price of $50.970 per share, and a further 11,358.477 shares were disposed of to the issuer. After these transactions, Smith directly held 133,644.129 shares of common stock and indirectly held an estimated 743.778 shares through the Company’s 401(k) Savings Plan unitized stock fund as of February 28, 2026.

SEC Form 4

FORM 4

UNITED 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

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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^*

Smith Allan Wade

(Last) (First) (Middle)

341 WHITE POND DRIVE

(Street)

AKRON OH 44320

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, FE Utilities

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/01/2026		A		15,321(1)	A	$0	120,983.129	D
Common Stock	03/01/2026		M		34,213.477(2)	A	(3)	155,196.606	D
Common Stock	03/01/2026		F		10,194(4)	D	$50.97	145,002.606	D
Common Stock	03/01/2026		D		11,358.477(5)	D	$50.97	133,644.129	D
Common Stock								743.778(6)	I	By Savings Plan

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RSU	(7)	03/01/2026		M			34,213.477	(2)	(2)	Common Stock	34,213.477	$0	0	D

Explanation of Responses:

1. These securities are time-based restricted stock units, each representing a contingent right to receive one share of common stock, par value $0.10 per share, of FirstEnergy Corp. (the "Company"). The time-based restricted stock units were granted under the Company's 2020 Incentive Compensation Plan and will vest in full on March 1, 2029.

2. Represents the vesting of performance-adjusted restricted stock units ("RSUs"), each of which previously represented a contingent right to receive an RSU award payable 2/3 in shares of common stock of the Company ("Share-Based RSUs") and 1/3 in cash ("Cash-Based RSUs") following the vesting date. The satisfaction of the performance goals for the RSUs were certified by the Company's Board of Directors on February 11, 2026, as previously reported on a Form 4 filed on February 13, 2026, and the RSUs, which had remained subject to a continued service requirement, vested on March 1, 2026.

3. The RSUs converted into shares of the Company's common stock on a one-for-one basis under the Company 2020 Incentive Compensation Plan.

4. Represents shares of common stock of the Company withheld to cover tax obligations associated with the vesting on March 1, 2026, of the Share-Based RSUs described in footnote 2, which transaction is exempt under Rule 16b-3.

5. On March 1, 2026, the Cash-Based RSUs were settled based on an average of the Company's high and low stock price on February 27, 2026, net of applicable tax withholding obligations.

6. The Company's 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 February 28, 2026.

7. RSUs convert into the Company's common stock on a one-for-one basis.

	/s/ Mary M. Swann, attorney-in-fact	03/03/2026
	** Signature of Reporting Person	Date
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FAQ

What did FirstEnergy (FE) executive Allan Wade Smith report in this Form 4?

Allan Wade Smith reported RSU vesting, share grants, and related share dispositions on March 1, 2026. The filing details RSUs converting into common stock, new share awards, tax-withholding share reductions, and resulting direct and indirect ownership positions in FirstEnergy common stock.

How many FirstEnergy shares did Allan Wade Smith acquire through RSU activity?

Smith acquired 34,213.477 shares of FirstEnergy common stock through the exercise and conversion of RSUs on a one-for-one basis. In addition, he received 15,321 shares in a separate grant or award, all under the company’s 2020 Incentive Compensation Plan.

Why were some of Allan Wade Smith’s FirstEnergy shares disposed of in this Form 4?

The filing shows 10,194 shares withheld to cover tax obligations from RSU vesting and 11,358.477 shares disposed of to the issuer. These transactions are described as tax-withholding and issuer disposition events rather than open-market sales to third-party buyers.

What is Allan Wade Smith’s resulting ownership in FirstEnergy common stock?

After these transactions, Smith directly held 133,644.129 shares of FirstEnergy common stock. He also indirectly held an estimated 743.778 shares through the company’s 401(k) Savings Plan unitized stock fund, allocated to his account as of February 28, 2026.

How do the RSUs reported by Allan Wade Smith in FirstEnergy convert into common stock?

The RSUs convert into FirstEnergy common stock on a one-for-one basis under the 2020 Incentive Compensation Plan. Performance goals were certified in February 2026, and the RSUs vested March 1, 2026, triggering conversion of share-based RSUs and separate cash settlement for cash-based RSUs.

What role does the FirstEnergy 401(k) Savings Plan play in Smith’s indirect holdings?

The 401(k) Savings Plan offers a unitized fund invested in FirstEnergy common stock, including dividend reinvestment and company match features. Smith’s indirect holding of 743.778 shares represents an estimate of units allocated to his account in this stock fund as of February 28, 2026.