Thomas Toby L. 4

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.