Statement of Changes in Beneficial Ownership (4)
06 Mars 2023 - 3:32PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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K. Jon Taylor |
2. Issuer Name and Ticker or Trading Symbol
FIRSTENERGY CORP
[
FE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, CFO and Strategy |
(Last)
(First)
(Middle)
76 SOUTH MAIN STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
3/1/2023 |
(Street)
AKRON, OH 44308
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | | | | | | | | 4305.207 (1) | I | By Savings Plan |
Common Stock | 3/1/2023 | | A | | 51352 (2) | A | $38.9475 | 80023.775 (3) | D | |
Common Stock | 3/1/2023 | | D | | 4846 (4) | D | (5) | 75177.775 (3) | D | |
Common Stock | 3/1/2023 | | M | | 12113 (6) | A | (5) | 32410.775 (3) | D | |
Common Stock | 3/1/2023 | | F | | 3739 (6) | D | $38.9475 | 28671.775 (3) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Phantom 3/23D | (7) | 3/1/2023 | | A | | 4846 | | (8) | (8) | Common Stock | 4846 | (5) | 4846 | D | |
15PSUS20 | (7) | 3/1/2023 | | M | | | 12113 | (6) | (6) | Common Stock | 12113 | (5) | 0 | D | |
Explanation of Responses: |
(1) | FirstEnergy Corp.'s 401(k) Savings Plan includes a unitized fund invested in FirstEnergy Corp. stock, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in FirstEnergy Corp.'s 401(k) Savings Plan in this row is an estimate of the number of shares of FirstEnergy Corp.'s common stock held in the unitized stock fund and allocated to the reporting person's account as of Dec 31, 2022. |
(2) | Restricted stock was granted pursuant to an award agreement effective on March 1, 2023. |
(3) | Balance includes restricted stock and shares acquired through dividend reinvestments. |
(4) | This transaction represents the deferral of the 15PSUS20 award. As a result, the reporting person is reporting the disposition of common stock which is described below. |
(5) | 1 for 1. The 15PSUS20 award was previously granted for $0.00 under the FirstEnergy Corp. 2015 Incentive Compensation Plan. |
(6) | Represents the vesting of the 15PSUS20 award. The award vested on March 1, 2023. The shares coded "F" were automatically withheld to cover tax obligations associated with the payout. Amounts also include dividend reinvestments. |
(7) | 1 for 1 |
(8) | This holding reflects phantom stock payable in cash upon retirement or other termination of employment under the FirstEnergy Corp. Executive Deferred Compensation Plan. Each share of phantom stock is the economic equivalent of one share of common stock. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
K. Jon Taylor 76 SOUTH MAIN STREET AKRON, OH 44308 |
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| SVP, CFO and Strategy |
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Signatures
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/s/ Daniel M. Dunlap, attorney-in-fact | | 3/6/2023 |
**Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
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