DEMETRIOU STEVEN J. 4

What Happened
Steven J. Demetriou, a director of FirstEnergy Corp. (FE), received an award of 898 derivative units (phantom stock) on July 1, 2026. The reported acquisition price is $0.00 because these units were granted as deferred director compensation rather than bought in the open market. The units are economic equivalents of common shares and are payable in cash or shares following the end of his board service.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (filing appears timely given the July 3 holiday observance).
• Transaction type/code: Award/Grant (A). Reported price per unit: $0.00. Quantity: 898 phantom stock units (derivative).
• Shares owned after transaction: Not specified on the provided excerpt.
• Footnotes:
  • F1: Units represent shares paid quarterly for director compensation and deferred under the FirstEnergy 2020 Incentive Compensation Plan and Deferred Compensation Plan for Outside Directors.
  • F2: 1-for-1 (each phantom unit equals one common share economically).
  • F3: Phantom stock payable in cash or shares after conclusion of service.
  • F4: Includes dividends accrued on phantom stock units.
• Filing timeliness: Filed on 2026-07-06 for a 2026-07-01 award; given the July 3 holiday observance, this filing is within the typical 2-business-day window.

Context
This is a routine director compensation award (deferred phantom stock), not an open-market purchase or sale. Phantom units mirror economic exposure to common shares but are often paid out later in cash or stock, so they do not necessarily indicate immediate buying or selling intent by the director. For retail investors, such grants are standard compensation and should be interpreted differently than outright purchases or insider sales.