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FirstEnergy (NYSE: FE) utilities president awarded 33,916 performance RSUs

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

Rhea-AI Filing Summary

FirstEnergy Corp. executive Allan Wade Smith, President, FE Utilities, reported acquiring 33,916.712 performance-adjusted restricted stock units (RSUs) on February 11, 2026. The RSUs were granted at a price of $0 per unit and represent a contingent right to receive an award payable two-thirds in FirstEnergy common stock and one-third in cash after vesting. The company’s board certified that the performance goals tied to these RSUs were satisfied on February 11, 2026, and the units are scheduled to vest on March 1, 2026, generally conditioned on Smith’s continued service. Following the reported transactions, Smith beneficially owns 105,195.909 shares of FirstEnergy common stock directly and an estimated 582.349 shares indirectly through the company’s 401(k) Savings Plan, which includes a unitized fund with dividend reinvestment and company match features.

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Insider Smith Allan Wade
Role President, FE Utilities
Type Security Shares Price Value
Grant/Award RSU 33,916.712 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: RSU — 33,916.712 shares (Direct); Common Stock — 105,195.909 shares (Direct); Common Stock — 582.349 shares (Indirect, By Savings Plan)
Footnotes (1)
  1. Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments. 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 on December 18, 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.
Form 4 Insider Transactions: What Each Field Means →
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
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*
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)
02/11/2026
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 105,195.909(1) D
Common Stock 582.349(2) 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 (3) 02/11/2026 A 33,916.712 (3) (3) Common Stock 33,916.712 $0 33,916.712 D
Explanation of Responses:
1. Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments.
2. 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.
3. Represents performance-adjusted restricted stock units ("RSUs") granted on December 18, 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.
/s/ Mary M. Swann, attorney-in-fact 02/13/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FirstEnergy (FE) report for Allan Wade Smith?

Allan Wade Smith reported acquiring 33,916.712 performance-adjusted RSUs on February 11, 2026. These units were granted at $0 per unit and will pay out partly in FirstEnergy common stock and partly in cash after vesting, subject to continued service.

When will Allan Wade Smith’s newly reported RSUs in FirstEnergy (FE) vest?

The RSUs are scheduled to vest on March 1, 2026. Vesting follows the board’s certification on February 11, 2026 that performance goals were met and remains generally conditioned on Smith’s continued employment with FirstEnergy through the vesting date.

How are Allan Wade Smith’s FirstEnergy (FE) RSUs structured between stock and cash?

Each RSU represents a right to an award payable two-thirds in FirstEnergy common stock and one-third in cash. This mix ties Smith’s compensation partly to the company’s equity while also providing a cash component once vesting conditions are satisfied.

How many FirstEnergy (FE) shares does Allan Wade Smith own after this Form 4?

After the reported transactions, Smith directly owns 105,195.909 shares of FirstEnergy common stock. He also indirectly holds an estimated 582.349 shares through the company’s 401(k) Savings Plan, which uses a unitized stock fund with dividend reinvestment and company match features.

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

Smith’s indirect ownership includes an estimated 582.349 shares through FirstEnergy’s 401(k) Savings Plan. The plan uses a unitized fund invested in company common stock and reflects allocations, dividend reinvestments, and company matches as of January 31, 2026.

Why was this FirstEnergy (FE) Form 4 filed regarding Allan Wade Smith’s RSUs?

The Form 4 was filed to report satisfaction of performance goals for the RSUs granted on December 18, 2023. The board certified goal achievement on February 11, 2026, which triggered the RSUs’ vesting schedule and required disclosure of the resulting derivative holdings.