FirstEnergy (FE) director receives 837 phantom stock units as deferred board pay
Rhea-AI Filing Summary
Williams Melvin D. reported acquisition or exercise transactions in this Form 4 filing.
FIRSTENERGY CORP director Melvin D. Williams reported a compensation-related grant of 837 Phantom Stock Units on April 1, 2026. Each phantom unit is economically equivalent to one share of common stock and is paid under the FirstEnergy Corp. 2020 Incentive Compensation Plan, then deferred into the Deferred Compensation Plan for Outside Directors.
Following this grant, Williams holds 18,290.4465 phantom stock units, which are payable in cash or common shares after his board service ends, and 2,892.415 shares of common stock held directly, including shares and phantom units with dividends reinvested or accrued.
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Insights
Director received routine deferred stock-based compensation, with no open-market buying or selling.
Melvin D. Williams, a director of FIRSTENERGY CORP, received 837 Phantom Stock Units as a grant under the company’s 2020 Incentive Compensation Plan, deferred into the Deferred Compensation Plan for Outside Directors. This is standard equity-based board compensation rather than a market transaction.
The filing shows 18,290.4465 phantom stock units and 2,892.415 common shares held directly after these entries, including dividend reinvestments and accrued dividends on phantom units. With no reported open-market buys or sells, this update primarily refreshes the record of his deferred and direct equity interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 837 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Includes shares acquired through dividend reinvestments. Represents shares paid quarterly 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.