FirstEnergy modifies LTIP awards: replaces Operating EPS with Core EPS KPI for 2025-2026 periods

FIRSTENERGY CORP

Board approved replacing Operating EPS KPI with Core EPS KPI for outstanding 2023-2025 and 2024-2026 LTIP awards for periods after Dec 31, 2024.
Core EPS excludes Signal Peak coal mine income and pension/OPEB credits, aligning with new reporting starting Q1 2025.
Maximum payout for EPS KPI capped at 100% of target; Relative TSR KPI (35% weight) unchanged.
Threshold/target EPS: $7.32/$7.76 for 2023-2025 LTIP and $7.44/$7.88 for 2024-2026 LTIP.
Change applies to CEO, CFO, and other named executive officers eligible for these awards.

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