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FirstEnergy (FE) SVP & CLO awarded 38,321 performance-based RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FirstEnergy Corp senior executive receives performance-based RSUs. FirstEnergy Corp’s SVP & CLO, Park Hyun, reported an acquisition of 38,321.003 performance‑adjusted restricted stock units (RSUs) on February 11, 2026 at a price of $0 per unit. These RSUs were originally granted on March 1, 2023.

The RSUs will vest on March 1, 2026, generally contingent on continued service, after the Company’s board certified that the performance goals were satisfied on February 11, 2026. Each RSU represents a right to an award payable two‑thirds in FirstEnergy common stock and one‑third in cash.

After the reported transactions, Park beneficially owned 38,321.003 RSUs directly, 84,252.35 shares of common stock directly, an estimated 1,311.917 shares through the Company’s 401(k) savings plan as of January 31, 2026, and 5 shares held indirectly by the Park Family Trust.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Park Hyun

(Last) (First) (Middle)
341 WHITE POND DRIVE

(Street)
AKRON OH 44320

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP [ FE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & CLO
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 84,252.35(1) D
Common Stock 1,311.917(2) I By Savings Plan
Common Stock 5 I Held by Park Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
RSU (3) 02/11/2026 A 38,321.003 (3) (3) Common Stock 38,321.003 $0 38,321.003 D
Explanation of Responses:
1. Balance updated to include dividends accrued on time-based equity awards.
2. FirstEnergy Corp.'s (the "Company") 401(k) Savings Plan includes a unitized fund invested shares of common stock of the Company stock, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(K) Savings Plan in this row is an estimate of the number of shares of the Company's common stock held in the unitized stock fund since the reporting person's last filed Form 4 and as allocated to the reporting person's account as of January 31, 2026.
3. Represents performance-adjusted restricted stock units ("RSUs") awarded on March 1, 2023, each of which represents a contingent right to receive an award payable 2/3 in Company common stock and 1/3 in cash following the vesting date. This Form 4 is being filed to report the satisfaction of the performance goals for the RSUs, as certified by the Company's Board of Directors on February 11, 2026. As a result, these RSUs will vest on March 1, 2026, generally subject to the reporting person's continued service.
/s/ Mary M. Swann, attorney-in-fact 02/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FirstEnergy (FE) executive Park Hyun report in this Form 4?

Park Hyun reported acquiring 38,321.003 performance-adjusted restricted stock units at $0 on February 11, 2026. These RSUs are linked to earlier performance goals and represent future awards payable partly in FirstEnergy common stock and partly in cash after vesting.

When do the reported RSUs for FirstEnergy (FE) executive Park Hyun vest?

The 38,321.003 performance-adjusted RSUs are scheduled to vest on March 1, 2026. Vesting follows the Company board’s February 11, 2026 certification that performance goals were met and remains generally subject to Park Hyun’s continued service with FirstEnergy Corp.

How are Park Hyun’s FirstEnergy (FE) RSUs paid out at vesting?

Each RSU represents a contingent right to an award payable two-thirds in FirstEnergy common stock and one-third in cash. Payment occurs after the March 1, 2026 vesting date, provided the continued-service condition is met, reflecting the performance-adjusted nature of the award.

How many FirstEnergy (FE) common shares does Park Hyun beneficially own after this filing?

After the filing, Park Hyun directly owns 84,252.35 FirstEnergy common shares. In addition, an estimated 1,311.917 shares are held indirectly through the Company’s 401(k) savings plan as of January 31, 2026, and 5 shares are held indirectly by the Park Family Trust.

What is the nature of Park Hyun’s indirect FirstEnergy (FE) holdings through the 401(k) plan?

Indirect holdings reflect an interest in a unitized fund within FirstEnergy’s 401(k) Savings Plan that invests in company stock. The 1,311.917 shares figure is an estimate, including dividend reinvestment and company match features allocated to Park Hyun’s account as of January 31, 2026.

Why was this Form 4 filed for FirstEnergy (FE) on February 11, 2026?

The Form 4 was filed to report satisfaction of performance goals for RSUs granted March 1, 2023, as certified by FirstEnergy’s board on February 11, 2026. That certification fixed the 38,321.003 RSU amount and set vesting on March 1, 2026, subject to continued service.
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