KALETA PAUL J 4

What Happened

• Paul J. Kaleta, a director of FirstEnergy Corp. (FE), received an award of 837 phantom stock units (derivative award code A) on 2026-04-01. The units were granted at $0.00 (no cash purchase) and represent deferred compensation rather than an open‑market buy or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (timely filing).
• Amount: 837 phantom stock units; reported acquisition price: $0.00 (derivative award).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: These units represent shares paid quarterly under the 2020 Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors.
  • F2: 1-for-1 — each phantom unit equals the economic equivalent of one common share.
  • F3: Phantom stock is payable in cash or shares following conclusion of service as a director.
  • F4: Includes dividends accrued on phantom stock units.
• Transaction code: A = Award/Grant (not a purchase or sale).

Context

• Phantom stock units are a form of deferred compensation that track the value of common shares but are typically settled in cash or stock later; they do not reflect an immediate open‑market investment decision. This award is routine compensation for an outside director and should be interpreted as compensation, not a direct buy/sell signal.