KALETA PAUL J 4

What Happened

• Paul J. Kaleta, a director of FirstEnergy Corp., was granted 898 phantom stock units (derivative award) on July 1, 2026. The filing reports the units at $0.00 per unit (award), not a cash purchase or sale.
• These units are phantom stock (economic equivalents of common shares) and are payable in cash or stock following conclusion of service under the FirstEnergy Deferred Compensation Plan for Outside Directors. Dividends on these units are included.

Key Details

• Transaction date: 2026-07-01; Filing date (SEC): 2026-07-06.
• Transaction type/code: A (Grant/Award); amount: 898 units at $0.00 (derivative).
• Shares/units owned after transaction: not specified in this Form 4.
• Relevant footnotes from the filing:
  • F1: 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 conversion (each unit equals one share economically).
  • F3: Phantom stock payable in cash or shares after end of director service.
  • F4: Dividends on phantom stock units are included.
• Filing timing: The Form 4 was filed five days after the transaction (filed 2026-07-06 for a 2026-07-01 grant). The filing does not state a late-reporting flag; consult the SEC filing for official timeliness status.

Context

• Phantom stock units are deferred-compensation awards that mirror the economic value of common shares but are not open-market purchases — they do not necessarily signal a personal cash investment by the insider.
• Such grants to outside directors are typically routine compensation and vest or pay out according to the plan terms; they should be viewed as compensation-related rather than direct insider buying or selling.