Thomas Toby L. 4
4 · FIRSTENERGY CORP · Filed Mar 5, 2024
Insider Transaction Report
Form 4
Thomas Toby L.
Chief Operating Officer
Transactions
- Award
Common Stock
2024-03-01+7,866→ 16,004 total - Tax Payment
Common Stock
2024-03-01$36.30/sh−2,461$89,347→ 13,543 total - Exercise/Conversion
RSU
2024-03-01−7,866→ 0 total→ Common Stock (7,866 underlying)
Footnotes (3)
- [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 in shares of common stock of FirstEnergy Corp. (the "Company") 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.