FirstEnergy (NYSE: FE) CEO has shares withheld to cover tax on stock vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FirstEnergy Corp Chairman, President and CEO Brian Tierney reported a routine tax-withholding share disposition tied to restricted stock vesting. On June 1, 2026, 16,991 shares of common stock were withheld at $45.898 per share to satisfy his tax obligation on the vesting of 38,095 shares of restricted common stock granted under a June 1, 2023 award agreement.
After this withholding, Tierney directly holds 523,810.372 shares of FirstEnergy common stock. He also has an estimated 938.399 shares held indirectly through the Company’s 401(k) Savings Plan unitized stock fund, which includes dividend reinvestment and company match features.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
TIERNEY BRIAN X
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 16,991 | $45.898 | $780K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 523,810.372 shares (Direct, null);
Common Stock — 938.399 shares (Indirect, By Savings Plan)
Footnotes (1)
- This Form 4 is being filed to report the number of shares withheld to satisfy the reporting person's tax withholding obligation upon the vesting of 38,095 shares of restricted common stock granted pursuant to the terms of the Restricted Stock Award Agreement, dated June 1, 2023, between FirstEnergy Corp. (the "Company") and the reporting person. Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments. The Company's 401(k) Savings Plan includes a unitized fund invested in shares of common stock of the Company, 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 May 31, 2026.
Key Figures
Shares withheld for taxes: 16,991 shares
Withholding price: $45.898 per share
Restricted shares vested: 38,095 shares
+2 more
5 metrics
Shares withheld for taxes
16,991 shares
Tax-withholding disposition at $45.898 per share on June 1, 2026
Withholding price
$45.898 per share
Price used for 16,991 withheld shares
Restricted shares vested
38,095 shares
Restricted common stock vesting from June 1, 2023 award
Direct holdings after transaction
523,810.372 shares
Common stock directly held by CEO after tax withholding
Indirect 401(k) holdings
938.399 shares
Estimated shares via 401(k) Savings Plan unitized fund as of May 31, 2026
Key Terms
tax withholding obligation, restricted common stock, Restricted Stock Award Agreement, dividend reinvestments, +2 more
6 terms
tax withholding obligation financial
"shares withheld to satisfy the reporting person's tax withholding obligation upon the vesting"
restricted common stock financial
"upon the vesting of 38,095 shares of restricted common stock granted pursuant"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Restricted Stock Award Agreement financial
"granted pursuant to the terms of the Restricted Stock Award Agreement, dated June 1, 2023"
A restricted stock award agreement is a legal contract that grants someone company shares that are subject to limits — for example, they may only become fully owned after working at the company for a set time, meeting performance goals, or otherwise satisfying conditions. For investors, these agreements matter because they shape insider incentives, future share dilution when restrictions lift, and company compensation costs; think of it like a gift locked in a box that opens only after certain conditions are met.
dividend reinvestments financial
"Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments"
unitized fund financial
"includes a unitized fund invested in shares of common stock of the Company"
401(k) Savings Plan financial
"The Company's 401(k) Savings Plan includes a unitized fund invested in shares"
A 401(k) savings plan is an employer-sponsored retirement account that lets employees set aside a portion of their paycheck on a tax-advantaged basis, often with employer matching contributions that act like free additional savings. It matters to investors because matching, tax-deferred growth and investment choices can significantly boost long-term wealth—while plan rules or heavy concentration in a single company’s stock can increase an employee’s financial exposure to that company.
FAQ
What insider transaction did FirstEnergy (FE) report for CEO Brian Tierney?
FirstEnergy reported that CEO Brian Tierney had 16,991 shares of common stock withheld at $45.898 per share. This was to cover tax obligations from the vesting of 38,095 restricted shares, a routine compensation-related event rather than an open-market sale.
Was the FirstEnergy (FE) CEO’s Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 16,991 shares were withheld by the company to satisfy tax obligations when 38,095 restricted shares vested, which is a standard mechanism in equity compensation plans.