Croom Jana T 4

What Happened

• Jana T. Croom, a director of FirstEnergy Corp. (FE), was granted 898 derivative units (reported as "shares") on July 1, 2026. The Form 4 reports an acquisition at $0.00 (total reported value $0) because these are phantom stock units awarded under the company’s deferred compensation arrangements rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-01; Report filed: 2026-07-06 (filed 5 days after the transaction, which appears later than the typical 2-business-day Form 4 requirement).
• Transaction type/code: A (Award/Grant) — derivative phantom stock units.
• Reported price/value: $0.00 per unit; total reported $0 (reflects deferred/phantom nature, not market sale/purchase).
• Shares owned after the transaction: not specified in this filing.
• Relevant footnotes: units are part of director compensation deferred under the FirstEnergy 2020 Incentive Compensation Plan and the Deferred Compensation Plan for Outside Directors (F2); units are phantom stock payable in cash or shares after service ends and are the economic equivalent of one common share (F4, F3); includes dividends accrued on phantom units (F5) and may include dividend reinvestments (F1).

Context

• These phantom stock units are a form of deferred compensation and are not an immediate cash purchase of common stock. They typically pay out in cash or company shares when a director's service ends (per plan terms), so this award is compensation-related rather than a direct bullish purchase signal. As with other non-purchase awards, it should be interpreted as routine compensation activity unless combined with other trading by the insider.