FIRSTENERGY CORP·4

Apr 3, 4:36 PM ET

Croom Jana T 4

Research Summary

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FirstEnergy Director Jana Croom Receives Phantom Stock Award

What Happened

  • Jana T. Croom, an outside director of FirstEnergy Corp. (FE), was granted 837 phantom stock units on April 1, 2026. The grant is reported as a derivative award (code A) at $0.00 cash paid at grant. These phantom units are the economic equivalent of common shares and will be payable in cash or FirstEnergy common stock under the company’s Deferred Compensation Plan for Outside Directors.

Key Details

  • Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-03.
  • Transaction type/code: Grant/Award (A); reported price $0.00 (no cash paid).
  • Shares/units granted: 837 phantom stock units.
  • Shares owned after transaction: The filing excerpt does not state total common shares owned; the reported holding reflects phantom stock units per the plan.
  • Footnotes: F3 confirms phantom stock payable in cash or common shares (1 unit = 1 share); F4 notes dividends accrued on phantom units; F1/F2 reference dividend reinvestments and a 1-for-1 ratio.
  • Timeliness: Filing was made within the normal post-transaction reporting window (no late filing indicated).

Context

  • This is a routine director compensation award, not an open-market purchase or sale. Phantom stock units track the economic value of common shares and are typically payable following the end of service; they do not represent an immediate cash outlay or transfer of common shares. Such awards are common for outside directors and should be viewed as compensation rather than a direct insider bullish/bearish signal.