FirstEnergy director awarded phantom stock units
DEMETRIOU STEVEN J. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
DEMETRIOU STEVEN J. reported acquisition or exercise transactions in this Form 4 filing.
FIRSTENERGY CORP director Steven J. Demetriou received an award of 898 Phantom Stock Units as part of his quarterly director compensation. The units were granted at a price of $0.00 per unit under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred into the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors.
Each Phantom Stock Unit is the economic equivalent of one share of FirstEnergy common stock on a 1-for-1 basis and is payable in cash or shares after his service as a director ends, in line with plan terms. Following this grant, Demetriou holds 30,357.7174 Phantom Stock Units and 12,431 shares of common stock directly, with the phantom balance also reflecting accrued dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 898 shares
Grant/Award
2 txns
Insider
DEMETRIOU STEVEN J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 898 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 30,357.7174 contracts (Direct);
Common Stock — 12,431 shares (Direct)
Footnotes (4)
- F1. 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.
- F2. 1 for 1
- F3. 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.
- F4. Includes dividends accrued on phantom stock units.
Key Figures
Phantom stock units granted: 898 Phantom Stock Units
Grant price per unit: $0.00 per unit
Total phantom units after grant: 30,357.7174 units
+2 more
5 metrics
Phantom stock units granted
898 Phantom Stock Units
Grant on July 1, 2026 as director compensation
Grant price per unit
$0.00 per unit
Phantom Stock Units award price
Total phantom units after grant
30,357.7174 units
Phantom Stock Units balance following transaction
Common stock held directly
12,431 shares
Common Stock holdings following reported transactions
Phantom-to-common ratio
1 for 1
Each phantom unit equals one FirstEnergy common share economically
Key Terms
Phantom Stock Units, FirstEnergy Corp. 2020 Incentive Compensation Plan, Deferred Compensation Plan for Outside Directors, economic equivalent, +1 more
5 terms
Phantom Stock Units financial
"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."
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.
FirstEnergy Corp. 2020 Incentive Compensation Plan financial
"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."
Deferred Compensation Plan for Outside Directors financial
"deferred pursuant to the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors."
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
dividends accrued on phantom stock units financial
"Includes dividends accrued on phantom stock units."
FAQ
What did FirstEnergy (FE) director Steven J. Demetriou report in this Form 4?
Steven J. Demetriou reported receiving 898 Phantom Stock Units as director compensation. These units were granted at $0.00 per unit and deferred under FirstEnergy’s Deferred Compensation Plan for Outside Directors, increasing his total phantom stock holdings and aligning pay with the company’s share performance.
How many FirstEnergy phantom stock units does Steven J. Demetriou hold after this transaction?
After this transaction, Steven J. Demetriou holds 30,357.7174 Phantom Stock Units. This total includes the newly granted 898 units and dividends accrued on phantom stock, all tied to FirstEnergy common stock value under the Deferred Compensation Plan for Outside Directors.
What are Phantom Stock Units in the context of FirstEnergy director compensation?
Phantom Stock Units are deferred compensation bookkeeping units economically equivalent to FirstEnergy common stock on a 1-for-1 basis. They are payable in cash or shares after a director’s service concludes, allowing compensation to track the company’s stock performance without immediate share issuance.
Under which plans were Steven J. Demetriou’s FirstEnergy Phantom Stock Units granted and deferred?
The Phantom Stock Units were granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred into the FirstEnergy Corp. Deferred Compensation Plan for Outside Directors. These plans govern quarterly director compensation, deferral mechanics, and eventual cash or share settlement after board service ends.
Do FirstEnergy Phantom Stock Units held by Steven J. Demetriou accrue dividends?
Yes, the Phantom Stock Units include dividends accrued on phantom stock units. This means the bookkeeping balance reflects both granted units and dividend equivalents, further tying the director’s deferred compensation to FirstEnergy’s common stock and its dividend activity over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
