FIRSTENERGY CORP Files DEF 14A with Executive Compensation Details

Ticker: FE · Form: DEF 14A · Filed: Mar 29, 2024 · CIK: 1031296

Sentiment: neutral

Topics: DEF 14A, Executive Compensation, FirstEnergy Corp, Proxy Statement, Shareholder Meeting

TL;DR

<b>FirstEnergy Corp. files its Definitive Proxy Statement detailing executive compensation and fiscal year 2023 performance.</b>

AI Summary

FIRSTENERGY CORP (FE) filed a Proxy Statement (DEF 14A) with the SEC on March 29, 2024. The filing is a Definitive Proxy Statement (DEF 14A) for FirstEnergy Corp. It covers the fiscal year ending December 31, 2023. The filing includes details on executive compensation for individuals like Charles E. Jones and Steven E. Strah. Specific compensation components mentioned include stock awards, pension benefits, and changes in equity awards. The filing was submitted on March 29, 2024.

Why It Matters

For investors and stakeholders tracking FIRSTENERGY CORP, this filing contains several important signals. This DEF 14A filing provides shareholders with crucial information regarding executive compensation packages, enabling informed voting decisions on related proposals. The detailed breakdown of compensation components, including stock awards and pension benefits, allows for an assessment of how executive pay aligns with company performance and shareholder interests.

Risk Assessment

Risk Level: — FIRSTENERGY CORP shows moderate risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not inherently indicate significant new risks.

Analyst Insight

Review the executive compensation details and voting recommendations to make informed decisions for the upcoming shareholder meeting.

Executive Compensation

NameTitleTotal Compensation
Charles E. JonesMember
Steven E. StrahMember

Key Numbers

Key Players & Entities

FAQ

When did FIRSTENERGY CORP file this DEF 14A?

FIRSTENERGY CORP filed this Proxy Statement (DEF 14A) with the SEC on March 29, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by FIRSTENERGY CORP (FE).

Where can I read the original DEF 14A filing from FIRSTENERGY CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by FIRSTENERGY CORP.

What are the key takeaways from FIRSTENERGY CORP's DEF 14A?

FIRSTENERGY CORP filed this DEF 14A on March 29, 2024. Key takeaways: The filing is a Definitive Proxy Statement (DEF 14A) for FirstEnergy Corp.. It covers the fiscal year ending December 31, 2023.. The filing includes details on executive compensation for individuals like Charles E. Jones and Steven E. Strah..

Is FIRSTENERGY CORP a risky investment based on this filing?

Based on this DEF 14A, FIRSTENERGY CORP presents a moderate-risk profile. The filing is a routine DEF 14A, which is standard for public companies and does not inherently indicate significant new risks.

What should investors do after reading FIRSTENERGY CORP's DEF 14A?

Review the executive compensation details and voting recommendations to make informed decisions for the upcoming shareholder meeting. The overall sentiment from this filing is neutral.

How does FIRSTENERGY CORP compare to its industry peers?

FirstEnergy Corp. operates as an electric services company, providing electricity distribution and transmission services.

Are there regulatory concerns for FIRSTENERGY CORP?

The filing is a DEF 14A, which is a standard SEC filing required for companies soliciting proxies from shareholders for annual or special meetings.

Industry Context

FirstEnergy Corp. operates as an electric services company, providing electricity distribution and transmission services.

Regulatory Implications

The filing is a DEF 14A, which is a standard SEC filing required for companies soliciting proxies from shareholders for annual or special meetings.

What Investors Should Do

  1. Review the detailed executive compensation tables for Messrs. Jones and Strah.
  2. Examine the proposals to be voted on at the shareholder meeting.
  3. Understand the company's governance practices as outlined in the proxy statement.

Key Dates

Year-Over-Year Comparison

This filing is a DEF 14A, indicating it's a proxy statement. Specific comparative data from a previous filing is not directly available in this excerpt.

Filing Stats: 4,285 words · 17 min read · ~14 pages · Grade level 18 · Accepted 2024-03-29 17:28:28

Key Financial Figures

Filing Documents

Executive Compensation

Executive Compensation 55 Compensation Committee Report 55 Compensation Discussion and Analysis 55 Executive Summary 58 Compensation Tables 84 Director Compensation in Fiscal Year 2023 108 OTHER IMPORTANT MATTERS & Q&A ABOUT THE ANNUAL MEETING

Security Ownership of Management

Security Ownership of Management 111

Security Ownership of Certain Beneficial Owners

Security Ownership of Certain Beneficial Owners 112 Delinquent Section 16(a) Reports 112 Certain Relationships and Related Person Transactions 113 Audit Committee Report 115 Matters Relating to the Independent Registered Public Accounting Firm 116 Transparency in Corporate Contributions and 2023 Political and Lobbying Action Plan Audit 117 Questions and Answers about the Annual Meeting 120 Proxy Materials 120 Voting Matters 122 How You Can Vote 124 Attending the Virtual Annual Meeting 125 Proposals and Business by Shareholders 126 Obtaining Additional Information 128 FIRSTENERGY CORP. Table of Contents Proxy Summary Corporate Governance & Board of Directors Items to Be Voted On Commitments to EESG Executive & Director Compensation Other Important Matters / Q&A

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This Proxy Statement includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 based on information currently available to management. Such statements are subject to certain risks and uncertainties and readers are cautioned not to place undue reliance on these forward-looking statements. These statements include declarations regarding management's intents, beliefs and current expectations. These statements typically contain, but are not limited to, the terms "anticipate," "potential," "expect," "forecast," "target," "will," "intend," "believe," "project," "estimate," "plan" and similar words. Forward-looking statements involve estimates, assumptions, known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, which may include the following: the potential liabilities, increased costs and unanticipated developments resulting from government investigations and agreements, including those associated with compliance with or failure to comply with the Deferred Prosecution Agreement entered into July 21, 2021 with the U.S. Attorney's Office for the Southern District of Ohio; the risks and uncertainties associated with government investigations and audits regarding Ohio House Bill 6, as passed by Ohio's 133rd General Assembly ("HB 6") and related matters, including potential adverse impacts on federal or state regulatory matters, including, but not limited to, matters relating to rates; the risks and uncertainties associated with litigation, arbitration, mediation, and similar proceedings, particularly regarding HB 6 related matters, including risks associated with obtaining dismissal of the derivative shareholder lawsuits; changes in national and regional economic conditions, including recession, risin

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