4//SEC Filing
Park Hyun 4
Accession 0001127602-25-008122
CIK 0001031296other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 8:54 PM ET
Size
12.6 KB
Accession
0001127602-25-008122
Insider Transaction Report
Form 4
Park Hyun
SVP & CLO
Transactions
- Exercise/Conversion
Common Stock
2025-03-01+32,989.23→ 87,283.23 total - Tax Payment
Common Stock
2025-03-01$38.35/sh−9,938$381,172→ 77,345.23 total - Disposition to Issuer
Common Stock
2025-03-01$38.35/sh−10,996.23$421,760→ 66,349 total - Exercise/Conversion
RSU
2025-03-01−32,989.23→ 0 total→ Common Stock (32,989.23 underlying)
Holdings
- 1,098.28(indirect: By Savings Plan)
Common Stock
- 5(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]Represents the vesting of performance-adjusted restricted stock units ("RSUs"), each of which previously represented a contingent right to receive an RSU 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 5, 2025, as previously reported on a Form 4 filed on February 7, 2025, and the RSUs, which had remained subject to a continued service requirement, vested on March 1, 2025.
- [F2]The RSUs converted into shares of the Company's common stock on a one-for-one basis under the FirstEnergy Corp. 2020 Incentive Compensation Plan.
- [F3]Represents shares of common stock of the Company 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]On March 1, 2025, the Cash-Based RSUs were settled based on an average of the Company's high and low stock price, net of applicable tax withholding obligations.
- [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 28, 2025.
- [F6]Share-Based RSUs convert into the Company's common stock on a one-for-one basis.
Documents
Issuer
FIRSTENERGY CORP
CIK 0001031296
Entity typeother
Related Parties
1- filerCIK 0001322841
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 8:54 PM ET
- Size
- 12.6 KB