Smith Allan Wade 4
4 · FIRSTENERGY CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
FirstEnergy (FE) President Allan Wade Smith Receives 33,917-Share Award
What Happened
Allan Wade Smith, President, FE Utilities (FirstEnergy Corp.), was granted 33,916.712 performance-adjusted restricted stock units (RSUs) reported as an award (derivative) on 2026-02-11. The reported acquisition price is $0.00 because these are contingent RSU awards rather than an open-market purchase or sale. The company's Board certified that performance goals were satisfied on February 11, 2026, and the RSUs are scheduled to vest on March 1, 2026, generally subject to continued service; each RSU will be paid 2/3 in company common stock and 1/3 in cash upon vesting.
Key Details
- Transaction date: February 11, 2026; Form filed February 13, 2026 (timely filing).
- Transaction type/code: Award/Grant (A); 33,916.712 shares acquired at $0.00 (derivative award).
- Vesting/payment: RSUs certified by the Board; vesting date March 1, 2026; payout structured 2/3 stock, 1/3 cash.
- Footnotes: F1 notes balance updates from dividend reinvestments; F2 describes indirect holdings in the Company 401(k) unitized stock fund (estimate as of Jan 31, 2026); F3 explains these are performance-adjusted RSUs granted Dec 18, 2023 and now certified.
- No immediate sale or cashless exercise reported — this is an award, not a market purchase or sale.
Context
RSU awards are a form of compensation and do not represent an immediate cash transaction or open-market buy/sell; value is realized only if and when the units vest and are settled. Because these RSUs are performance-adjusted and Board-certified, they indicate the company met specified performance criteria for the award period, but they do not by themselves signal insider buying or selling intent.
Insider Transaction Report
- Award
RSU
[F3]2026-02-11+33,916.712→ 33,916.712 total→ Common Stock (33,916.712 underlying)
- 105,195.909
Common Stock
[F1] - 582.349(indirect: By Savings Plan)
Common Stock
[F2]
Footnotes (3)
- [F1]Balance has been updated since the reporting person's last filed Form 4 to include shares acquired through dividend reinvestments.
- [F2]FirstEnergy Corp.'s (the "Company") 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 January 31, 2026.
- [F3]Represents performance-adjusted restricted stock units ("RSUs") granted on December 18, 2023, each of which represents a contingent right to receive an award payable 2/3 in Company common stock and 1/3 in cash following the vesting date. This Form 4 is being filed to report the satisfaction of the performance goals for the RSUs, as certified by the Company's Board of Directors on February 11, 2026. As a result, these RSUs will vest on March 1, 2026, generally subject to the reporting person's continued service.