secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2025-06-20T23:59:59+00:00
Accession:  0001031296-25-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000030/0001031296-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000030/fe-20250617.htm
  HTML page:      https://secwatch.observer/filing/0001031296-25-000030

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