FirstEnergy Transmission adopts amended exec severance plans and new RSU forms effective Jan 1 2026

FirstEnergy Transmission, LLC

On Sept 23, 2025, Board approved amendments to Executive Severance Plan and Change in Control Plan, effective Jan 1, 2026.
Severance for Tier 3 (Presidents/VPs): 1x base salary; Tier 4 (Director): service-based formula (3 weeks per year, max 52 weeks).
Grandfathered execs (18+ yrs service as of Jan 1, 2025) retain prior severance formula.
New RSU agreements: time-based RSUs vest fully on change in control; performance-based RSUs vest at target level.
COBRA premium waiver for up to 18 months following qualified separation; contingent on release agreement.

item 5.02item 9.01

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