[Form 4] FIRSTENERGY CORP Insider Trading Activity
Turner Leslie M, an outside director of FirstEnergy Corp. (FE), reported the purchase of 925 shares of FirstEnergy common stock on 10/01/2025 at a price of $45.93 per share, bringing his direct beneficial ownership to 7,533 shares. The filing also discloses 23,442.4533 phantom stock units held directly, each convertible 1-for-1 into common stock and payable in cash or shares after conclusion of director service; the phantom units include accrued dividends. The Form 4 was signed by an attorney-in-fact on 10/03/2025.
- Director acquisition of 925 shares at $45.93 demonstrates personal purchase of company stock
- Significant phantom stock holding of 23,442.4533 units provides clear disclosure of deferred compensation exposure
- Phantom units include accrued dividends, clarifying the economic value of the deferred holdings
- None.
Insights
Director purchased shares and holds significant phantom stock units.
This filing shows an insider purchase of 925 shares at $45.93, increasing direct holdings to 7,533 shares. Such purchases by a director are a factual disclosure of personal investment in the company's equity.
The director also holds 23,442.4533 phantom stock units payable in cash or shares after service, which represent deferred compensation rather than currently tradable shares; the units include accrued dividends per the Deferred Compensation Plan.
Phantom units equal economic exposure of 23,442.4533 shares, payable post-service.
The phantom stock units are described as 1-for-1 equivalents to common stock and are payable in cash or shares under the FirstEnergy Deferred Compensation Plan for Outside Directors. The filing explicitly states the holding includes accrued dividends.
This is a standard disclosure of deferred director compensation; it documents economic exposure but does not indicate immediate dilution or exercise events.