ONEIL JAMES F 4
Research Summary
AI-generated summary
FirstEnergy (FE) Director Oneil James F Receives 898-Unit Award
What Happened
- Oneil James F, a director of FirstEnergy Corp (FE), received an award of 898 derivative units on 2026-07-01. The units were reported as acquired at $0.00 (no cash paid at grant) and are recorded as phantom stock units — each unit is the economic equivalent of one share of common stock.
Key Details
- Transaction date: 2026-07-01; Report filed: 2026-07-06 (file appears late vs. the 2-business-day Form 4 deadline).
- Transaction type/code: A — Grant/award (derivative).
- Quantity and price: 898 units at $0.00.
- Shares owned after transaction: Not specified in the filing.
- Relevant footnotes: units represent deferred director compensation under FirstEnergy’s Deferred Compensation Plan for Outside Directors (F2, F4); units are paid in cash or shares after service ends and include dividends accrued on the units (F4, F5). Footnotes also note 1-for-1 equivalence to common shares (F3) and inclusion of dividend reinvestments where applicable (F1).
Context
- These phantom stock units are a form of deferred director compensation, not an open-market purchase or sale. They do not indicate an immediate cash outlay or a sale of stock and are typically routine for outside directors. The late filing reduces near-term transparency but does not change the nature of the award.