Thomas Toby L. 4
4 · FIRSTENERGY CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
FirstEnergy (FE) COO Thomas Toby L. Receives 23,945.741-Share Award
What Happened
Thomas Toby L., Chief Operating Officer of FirstEnergy Corp. (FE), was reported as acquiring 23,945.741 shares on February 11, 2026 as an award (reported as a derivative acquisition at $0.00). The filing states these are performance-adjusted restricted stock units (RSUs) for which the company’s Board certified satisfaction of performance goals on February 11, 2026. The RSUs are payable following vesting (see key details).
Key Details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (timely).
- Amount acquired: 23,945.741 shares; reported price: $0.00 (award/derivative).
- Nature of award (Footnote F3): These are performance-adjusted RSUs granted Nov 30, 2023; performance goals were certified Feb 11, 2026, and the RSUs will vest on March 1, 2026, generally subject to continued service. Each vested unit will be paid 2/3 in FirstEnergy common stock and 1/3 in cash.
- Other footnotes: Balance figures were updated to reflect dividend reinvestments (F1). The company’s 401(k) unitized stock fund holdings are estimated as of Jan 31, 2026 (F2). The filing also notes the company maintains phantom stock payable in cash on retirement/termination (F4).
- Shares owned after transaction: Not specified in the provided excerpt; the filing indicates balances have been updated for dividend reinvestment.
Context
- This was an awarded/vesting-related transaction (not an open‑market purchase or sale). Awards and vesting events reflect compensation and performance plan outcomes rather than direct buying or selling by the insider.
- The RSUs here are partly cash-settled (1/3) and partly settled in stock (2/3) when they vest, so the eventual share issuance will be lower than the full unit count.
- No indication in the filing that the transaction was part of a sale, gifting, or 10b5-1 plan.
Insider Transaction Report
Form 4
Thomas Toby L.
Chief Operating Officer
Transactions
- Award
RSU
[F3]2026-02-11+23,945.741→ 23,945.741 total→ Common Stock (23,945.741 underlying)
Holdings
- 25,780.103
Common Stock
[F1] - 525.908(indirect: By Savings Plan)
Common Stock
[F2] - 11,057.406
Phantom 3/25D
[F4]→ Common Stock (11,057.406 underlying)
Footnotes (4)
- [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 ("401(k) 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) 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 November 30, 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.
- [F4]Each share of phantom stock is the economic equivalent of one share of common stock and is settled in cash. The shares of phantom stock are payable upon the reporting person's retirement or termination of employment under the FirstEnergy Corp. Amended and Restated Executive Deferred Compensation Plan.
Signature
/s/ Mary M. Swann, attorney-in-fact|2026-02-13