FE Director Compensation: 925 Shares Added; 44,166.6672 Phantom Units
Rhea-AI Filing Summary
James F. O'Neil, a director of FirstEnergy Corp. (FE), reported acquiring 925 shares of common stock on 10/01/2025 at a price of $45.93 per share as director compensation under the company's 2020 Incentive Compensation Plan. After the transaction, he directly beneficially owned 8,870 shares; that total includes shares acquired through dividend reinvestment.
The filing also discloses 44,166.6672 phantom stock units tied 1-for-1 to common shares, payable in cash or stock after the conclusion of director service under the Deferred Compensation Plan; the phantom units include accrued dividends. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- 925 shares acquired as director compensation, demonstrating alignment with shareholders
- Share total of 8,870 includes dividend reinvestments, showing ongoing equity accumulation
- Large deferred holding of 44,166.6672 phantom stock units ties long-term pay to company performance
Negative
- None.
Insights
Director received compensation shares and holds significant phantom units.
This transaction shows routine director compensation: 925 shares were acquired at $45.93 under the 2020 Incentive Compensation Plan, increasing direct beneficial ownership to 8,870 shares. Such grants align director pay with shareholder value because they are equity-based.
The report also records 44,166.6672 phantom stock units that vest or are paid after service ends under the Deferred Compensation Plan; these are economic equivalents to common shares and can affect long-term alignment and dilution dynamics when settled in shares.
Compensation delivered via equity and phantom units; dividends are reinvested.
The filing clarifies that the 925 shares were paid quarterly as director compensation and that dividend reinvestments are included in the 8,870 share total. The phantom units include accrued dividends, indicating the plan preserves dividend economics until payout.
This structure—current equity plus deferred phantom units—combines immediate ownership with deferred pay tied to future service termination, consistent with common outside-director arrangements.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 925 | $45.93 | $42K |
| holding | Phantom Stock Units | -- | -- | -- |
Footnotes (1)
- Represents shares paid quarterly for director compensation under the FirstEnergy Corp. 2020 Incentive Compensation Plan. Includes shares acquired through dividend reinvestments. 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.