secwatch.observer — SEC 8-K summary
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Issuer:     FIRSTENERGY CORP (FE)
CIK:        0001031296
Form:       8-K
Filed at:   2025-09-29T23:59:59+00:00
Accession:  0001031296-25-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FirstEnergy amends executive severance plans, adds CEO to plan, boosts change-in-control pay
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- CEO now eligible for Executive Severance Plan with 1.5x base salary severance for qualified separation, effective Jan 1, 2026.
- CEO gets enhanced change-in-control cash severance of 2.99x (base salary + target STIP), up from 2x for other participants.
- Grandfathered executives (≥18 yrs service as of Jan 2025) may keep prior service-based formula if higher.
- New RSU award agreements provide full vesting of time-based RSUs and target-level vesting of performance-based RSUs upon change in control unless replaced.
- Amendments include updates to COBRA premium waiver and clarifying changes; plans effective Jan 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000056/0001031296-25-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1031296/000103129625000056/fe-20250923.htm
  HTML page:      https://secwatch.observer/filing/0001031296-25-000056

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