Form 4 for FE FirstEnergy
Accepted 2024-03-05 00:00:00 ET · period of report 2024-03-01 · accession 0001127602-24-008725 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-03-05 | 2024-03-01 | FE | Park Hyun | SVP, CLO | A - Grant | $0.00 | +92.7K | 114.2K | +433% | $0 |
| D | 2024-03-05 | 2024-03-01 | FE | Park Hyun | SVP, CLO | D - Sale to Iss | $36.31 | -16.4K | 54.3K | -23% | -$596.9K |
| D | 2024-03-05 | 2024-03-01 | FE | Park Hyun | SVP, CLO | F - Tax | $36.31 | -43.4K | 70.7K | -38% | -$1.58M |
| D | 2024-03-05 | 2024-03-01 | FE | Park Hyun | SVP, CLO | M - OptEx | $0.00 | -92.7K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-03-01 | A | A | 92,741.69 | $0.00 | 114,174.69 | D | — | — | (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. (F2) The RSUs were granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and, therefore, the reporting person paid no price for the RSUs. |
| 2 | Common | Common Stock | 2024-03-01 | D | D | 16,439.22 | $36.31 | 54,294 | D | — | — | (F4) Represents the deemed disposition to the Company of the common stock underlying the Cash-Based RSUs, net of applicable withholding obligations, described in footnote 1, which transaction is exempt under Rule 16b-3. |
| 3 | Common | Common Stock | 2024-03-01 | F | D | 43,441.46 | $36.31 | 70,733.22 | D | — | — | (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. |
| 4 | Derivative | RSU | 2024-03-01 | M | D | 92,741.69 | $0.00 | 0 | D | — · — to — | 92,741.69 Common Stock | (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. |