Brian X. Tierney - Mar 1, 2024 Form 4 Insider Report for FIRSTENERGY CORP (FE)

Role
President and CEO, Director
Signature
/s/ Mary M. Swann, attorney-in-fact
Stock symbol
FE
Transactions as of
Mar 1, 2024
Transactions value $
-$2,349,442
Form type
4
Date filed
3/5/2024, 07:23 PM
Previous filing
Feb 9, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FE Common Stock Award $0 +143K +105.9% $0.00 277K Mar 1, 2024 Direct F1, F2
transaction FE Common Stock Tax liability -$2.35M -64.7K -23.32% $36.31 213K Mar 1, 2024 Direct F3
holding FE Common Stock 443 Mar 1, 2024 By Savings Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FE RSU Options Exercise $0 -143K -100% $0.00* 0 Mar 1, 2024 Common Stock 143K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed to report the vesting, and automatic withholding for tax purposes, of performance-adjusted restricted stock units ("RSUs"), each of which represents a contingent right to receive an award payable in shares of common stock of FirstEnergy Corp. (the "Company") following the vesting date. The satisfaction of the performance goals for the RSUs were certified by the Company's Board of Directors on February 7, 2024, as previously reported on a Form 4 filed on February 9, 2024, and the RSUs vested on March 1, 2024.
F2 The RSUs were granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and, therefore, the reporting person paid no price for the RSUs.
F3 Represents shares of common stock of the Company automatically withheld to cover tax obligations associated with the vesting of the RSUs described in footnote 1, which transaction is exempt under Rule 16b-3.
F4 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 and allocated to the reporting person's account as of February 29, 2024.