Christine Walker - 01 Mar 2024 Form 4 Insider Report for FIRSTENERGY CORP (FE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
05 Mar 2024, 19:24:21 UTC
Prior SEC filing
09 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Mary M. Swann, attorney-in-fact

Key filing fact

Christine Walker filed Form 4 for FIRSTENERGY CORP (FE) on 05 Mar 2024.

Key facts

  • This page summarizes Christine Walker's Form 4 filing for FIRSTENERGY CORP (FE).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 05 Mar 2024, 19:24.

Change

  • Previous filing in this sequence was filed on 09 Feb 2024.
  • Current net transaction value: -$848,255.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FE transaction

Common Stock

Award

Transaction value
$0
Shares
+36,274
Change %
+98%
Price
$0.000000
Shares after
73,233
Date
01 Mar 2024
Ownership
Direct
Footnotes
F1, F2
FE transaction

Common Stock

Tax liability

Transaction value
$615,701
Shares
-16,959
Change %
-23%
Price
$36.30
Shares after
56,274
Date
01 Mar 2024
Ownership
Direct
Footnotes
F3
FE transaction

Common Stock

Disposed to Issuer

Transaction value
$232,554
Shares
-6,406
Change %
-11%
Price
$36.30
Shares after
49,868
Date
01 Mar 2024
Ownership
Direct
Footnotes
F4
FE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
7,283
Date
01 Mar 2024
Ownership
By Savings Plan
Footnotes
F5
FE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
54
Date
01 Mar 2024
Ownership
By Spouse

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FE transaction Derivative

RSU

Options Exercise

Transaction value
$0
Shares
-36,274
Change %
-100%
Price
$0.000000*
Shares after
0
Date
01 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
36,274
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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 2/3 in shares of common stock of FirstEnergy Corp. (the "Company") ("Share-Based RSUs") and 1/3 in cash ("Cash-Based RSUs") 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.

Footnote F2

The RSUs were granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and, therefore, the reporting person paid no price for the RSUs.

Footnote 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.

Footnote F4

Represents the deemed disposition to the Company of the common stock, net applicable withholding obligations, underlying the Cash-Based RSUs, described in footnote 1, which transaction is exempt under Rule 16b-3.

Footnote F5

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.

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