FirstEnergy (FE) director receives phantom stock grant in board compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRSTENERGY CORP director Jana T. Croom reported updated equity holdings. The filing shows 2,806.596 shares of common stock held directly, including shares acquired through dividend reinvestments. Croom also received a grant of 898.0000 phantom stock units as quarterly director compensation, deferred under company plans.
After this grant, Croom holds 15,008.2534 phantom stock units, each designed to mirror the value of one share of FirstEnergy common stock and payable in cash or shares after board service ends. These are compensation-related awards, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Croom Jana T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 15,008.253 shares (Direct, null);
Common Stock — 2,806.596 shares (Direct, null)
Footnotes (1)
- Includes shares acquired through dividend reinvestments. 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 dividends accrued on phantom stock units.
Key Figures
Common stock held directly: 2,806.596 shares
New phantom stock grant: 898.0000 units
Total phantom stock units: 15,008.2534 units
+1 more
4 metrics
Common stock held directly
2,806.596 shares
Total common shares following transaction
New phantom stock grant
898.0000 units
Quarterly director compensation award
Total phantom stock units
15,008.2534 units
Phantom stock units following grant
Phantom stock conversion ratio
1 for 1
Each unit equals one common share economically
Key Terms
Phantom Stock Units, Deferred Compensation Plan for Outside Directors, Incentive Compensation Plan, dividend reinvestments, +1 more
5 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"
Incentive Compensation Plan financial
"under the FirstEnergy Corp. 2020 Incentive Compensation Plan"
An incentive compensation plan is a formal program that rewards employees and executives with bonuses, stock, or other payments tied to specific performance goals—such as revenue, profit, productivity, or long‑term share price. Investors watch these plans because they shape how leaders make decisions and take risks; like paying a coach by wins rather than effort, well‑designed plans can drive sustainable growth while poor designs can encourage short‑term behaviors that harm shareholder value.
dividend reinvestments financial
"Includes shares acquired through dividend reinvestments."
FAQ
What did FirstEnergy (FE) director Jana T. Croom report in this Form 4?
Jana T. Croom reported updated holdings of FirstEnergy equity. She holds 2,806.596 common shares directly and 15,008.2534 phantom stock units after a new compensation-related grant deferred under company director plans.
Did Jana T. Croom buy or sell FirstEnergy (FE) stock on the open market?
The Form 4 does not show any open-market buys or sells. It reports a compensation-related grant of 898.0000 phantom stock units and updated common stock holdings, including shares accumulated through dividend reinvestment.
How many phantom stock units does Jana T. Croom hold at FirstEnergy (FE)?
After the reported grant, Jana T. Croom holds 15,008.2534 phantom stock units. Each unit is economically equivalent to one FirstEnergy common share and is payable in cash or stock after her board service concludes.
What is the size of Jana T. Croom’s new phantom stock award at FirstEnergy (FE)?
She received 898.0000 phantom stock units as part of quarterly director compensation. These units are granted at a stated price of $0.0000 per unit and are deferred under FirstEnergy’s incentive and deferred compensation plans.
What are phantom stock units in FirstEnergy (FE) director compensation?
Phantom stock units track the value of FirstEnergy common shares but are not actual stock. For directors, they are payable in cash or shares after service ends, and each unit is the economic equivalent of one common share.