FE Director Transaction: 2,728.864 Shares Disposed, 925 Phantom Units Added
Rhea-AI Filing Summary
Jana T. Croom, a director of FirstEnergy Corp. (FE), reported transactions affecting her beneficial ownership. She disposed of 2,728.864 shares of common stock and acquired 925 phantom stock units on 10/01/2025. The phantom units are awarded quarterly under the FirstEnergy Corp. 2020 Incentive Compensation Plan and deferred under the company’s Deferred Compensation Plan for Outside Directors; each phantom unit is the economic equivalent of one share and may be paid in cash or common stock after service ends. The filing shows 11,956.3581 phantom-equivalent shares owned following the transaction, which includes accrued dividends and dividend reinvestments. The form is signed by an attorney-in-fact on behalf of the reporting person.
Positive
- 925 phantom stock units acquired as deferred director compensation under the 2020 Incentive Compensation Plan
- 11,956.3581 phantom-equivalent shares held after the transaction, including accrued dividends, indicating continued long-term alignment
Negative
- Disposition of 2,728.864 common shares on 10/01/2025, reducing immediate direct equity holdings
- Phantom units payable in cash or stock means no current voting rights for those 925 units until paid
Insights
Director adjusted public holdings and increased deferred compensation exposure.
The filing records a disposition of 2,728.864 common shares and an acquisition of 925 phantom stock units on 10/01/2025. Phantom units are part of director pay and do not convey current voting rights but mirror economic exposure.
This change shifts part of the director’s compensation into deferred, phantom-equivalent holdings totaling 11,956.3581 after the transaction, reflecting continued alignment with shareholder value through deferred equity-linked pay.
Transaction reflects routine director compensation deferral and dividend accruals.
The 925 phantom units were granted/credited under the 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors; they are described as payable in cash or shares upon end of service.
The filing explicitly notes dividend reinvestments and accrued dividends are included, explaining the reported 11,956.3581 phantom-equivalent holdings. No exercise price applies to these units.