4//SEC Filing
Park Hyun 4
Accession 0001127602-24-008725
CIK 0001031296other
Filed
Mar 4, 7:00 PM ET
Accepted
Mar 5, 7:17 PM ET
Size
12.6 KB
Accession
0001127602-24-008725
Insider Transaction Report
Form 4
Park Hyun
SVP & CLO
Transactions
- Award
Common Stock
2024-03-01+92,741.686→ 114,174.686 total - Tax Payment
Common Stock
2024-03-01$36.30/sh−43,441.464$1,577,142→ 70,733.222 total - Disposition to Issuer
Common Stock
2024-03-01$36.30/sh−16,439.222$596,826→ 54,294 total - Exercise/Conversion
RSU
2024-03-01−92,741.686→ 0 total→ Common Stock (92,741.686 underlying)
Holdings
- 995.925(indirect: By Savings Plan)
Common Stock
- 5(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]This Form 4 is being filed to report the vesting, and automatic withholding for tax purposes, of performance-adjusted restricted stock units ("RSUs"), each of which represents a contingent right to receive an award payable 2/3 in shares of common stock of FirstEnergy Corp. (the "Company") ("Share-Based RSUs") and 1/3 in cash ("Cash-Based RSUs") following the vesting date. The satisfaction of the performance goals for the RSUs were certified by the Company's Board of Directors on February 7, 2024, as previously reported on a Form 4 filed on February 9, 2024, and the RSUs vested on March 1, 2024.
- [F2]The RSUs were granted under the FirstEnergy Corp. 2020 Incentive Compensation Plan and, therefore, the reporting person paid no price for the RSUs.
- [F3]Represents shares of common stock of the Company automatically withheld to cover tax obligations associated with the vesting of the RSUs described in footnote 1, which transaction is exempt under Rule 16b-3.
- [F4]Represents the deemed disposition to the Company of the common stock underlying the Cash-Based RSUs, net of applicable withholding obligations, described in footnote 1, which transaction is exempt under Rule 16b-3.
- [F5]The Company's 401(k) Savings Plan includes a unitized fund invested in shares of common stock of the Company, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(k) Savings Plan in this row is an estimate of the number of shares of the Company's common stock held in the unitized stock fund and allocated to the reporting person's account as of February 29, 2024.
Documents
Issuer
FIRSTENERGY CORP
CIK 0001031296
Entity typeother
Related Parties
1- filerCIK 0001322841
Filing Metadata
- Form type
- 4
- Filed
- Mar 4, 7:00 PM ET
- Accepted
- Mar 5, 7:17 PM ET
- Size
- 12.6 KB