Boardroom Alpha
Meeting calendar
FE · Annual meeting · Wednesday, May 20, 2026

Firstenergy Corp

9 nominees · 4 ballot items.

Elect nine directors; ratify PricewaterhouseCoopers LLP as independent auditor; approve, on an advisory basis, named executive officer compensation (Say-on-Pay); and vote on a shareholder proposal to require an independent Board Chair separate from the CEO.

Market cap
$28.1B
1Y TSR
+22.0%
Board grade
C
Record date
Mar 23, 2026
Filing
DEF 14A
Meeting concluded · May 20, 2026

Follow how the vote landed and what changed on Firstenergy Corp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.

Proposals

On the ballot4

  1. 1

    Election of Directors

    ManagementBoard: FOR

    Elect nine nominees named in the proxy statement to the Board of Directors to hold office until the 2027 annual meeting and until their successors are elected.

  2. 2

    Ratify Appointment of Independent Registered Public Accounting Firm

    ManagementBoard: FOR

    Ratify the Audit Committee’s appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for 2026.

  3. 3

    Approve, on an Advisory Basis, Named Executive Officer Compensation (Say-on-Pay

    ManagementBoard: FOR

    Advisory, non-binding vote to approve the compensation of FirstEnergy’s named executive officers as disclosed in the proxy statement, including the Compensation Discussion and Analysis and related tables and narrative.

    More detail

    This advisory Say-on-Pay proposal asks shareholders to approve the Company’s named executive officer compensation as disclosed in the proxy statement. Management seeks this non-binding approval to demonstrate shareholder support for the Company’s pay practices and to validate the compensation committee’s design and decisions, which emphasize pay-for-performance through STIP and LTIP arrangements, robust governance controls (independent committee oversight, clawbacks, anti-hedging policies), and alignment of long-term incentives with Core EPS and Relative TSR. The Compensation Committee retained an independent consultant, used blended peer benchmarking, and adjusted incentive metrics in 2025 — notably shifting from Operating EPS to Core EPS and modifying LTIP measurement where appropriate — to better reflect regulated utility performance and investor-facing metrics. Management argues the program balances short- and long-term incentives, includes caps and thresholds to mitigate excessive risk, and maintains significant performance-based pay (60% of LTIP performance-adjusted RSUs). The Board recommends a FOR vote, stating the program attracts and retains executive talent necessary for the Company’s strategy while aligning executive pay with shareholder interests and governance best practices. The advisory nature means the Board and Compensation Committee will consider the outcome when setting future compensation, but the vote does not directly change pay arrangements. Given recent adjustments (Core EPS adoption, LTIP design changes, and safety/operational KPI refinements), a FOR vote is framed as support for continued alignment between management incentives and the Company’s strategic, operational and financial goals. The Board emphasizes its ongoing shareholder engagement and commitment to review compensation practices in light of voting results and investor feedback.

  4. 4

    Shareholder Proposal — Independent Board Chairman

    Shareholder — John CheveddenBoard: AGAINST

    Shareholder proposal asking the Board to adopt a policy requiring that the roles of Board Chair and CEO be held by two separate individuals and that the Board Chair be an independent director, with limited interim exceptions.

Director elections

Nominees on the ballot9

Independent
Tenure on this board
9.5 yrs
Also a director at
Arcosa Inc (ACA)Amentum Holdings Inc (AMTM)
Independent
Tenure on this board
7.8 yrs
Also a director at
Chemours Co (CC)
Ownership

Top institutional holders10

Latest 13F quarter
1Capital World Investors13.4%77,662,784$3.9B
2STATE STREET CORP7.0%40,629,030$2.1B
3VANGUARD CAPITAL MANAGEMENT LLC6.0%34,726,081$1.8B
4Blackstone Inc.5.0%28,832,099$1.5B
5VANGUARD PORTFOLIO MANAGEMENT LLC4.9%28,275,729$1.4B
6BlackRock, Inc.4.1%23,743,424$1.2B
7Boston Partners2.3%13,471,062$683M
8GEODE CAPITAL MANAGEMENT, LLC2.1%12,071,975$609M
9BlackRock, Inc.2.1%12,028,523$609M
10MILLENNIUM MANAGEMENT LLC1.8%10,194,994$516M
Filings

Recent key filings

Periodic reports
Definitive proxies
Reference

Frequently asked questions

When is the Firstenergy Corp 2026 annual meeting?
Firstenergy Corp (FE) holds its 2026 annual shareholder meeting on Wednesday, May 20, 2026.
What is the record date for the Firstenergy Corp 2026 meeting?
The record date for the Firstenergy Corp 2026 meeting is Monday, March 23, 2026. Shareholders of record on or before that date are eligible to vote.
Who are the director nominees for Firstenergy Corp's 2026 meeting?
The board is presenting 9 director nominees at the Firstenergy Corp 2026 meeting, listed with their independence status and background.
What proposals will shareholders vote on at the Firstenergy Corp 2026 meeting?
Shareholders will vote on 4 proposals at the Firstenergy Corp 2026 meeting, each tagged with who proposed it and the board's recommendation.
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