Smith Allan Wade 4

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.