FirstEnergy Revamps Executive Severance and Control Plans

CLEVELAND, Ohio – FirstEnergy Corp. announced significant changes to its executive severance benefits on September 23, 2025. The company revealed amendments and restatements to its Executive Severance Benefits Plan and Change in Control Severance Plan, effective January 1, 2026.

The updates aim to modernize the company’s approach to executive severance, aligning it with current industry practices. Key aspects of the amendments include extending severance benefits to the CEO, revising the calculations for cash severance, and enhancing the Change in Control Plan specifically for the CEO.

These adjustments are expected to impact FirstEnergy’s executive compensation structure. The company believes that aligning its severance benefits could improve market positioning and foster better relations with stakeholders.

The most recent analysis from financial experts gives FirstEnergy a ‘Buy’ rating with a target price of $47. The company’s overall stock score reflects strong financial performance and strategic investments discussed in its recent earnings call.

According to analysts, FirstEnergy is characterized as ‘Outperform’ by TipRanks’ Spark. The firm highlights that while the stock shows a reasonable valuation and a moderate upward trend, concerns regarding high leverage and regulatory uncertainties pose potential risks.

FirstEnergy currently holds an average trading volume of 3,803,704 shares and boasts a market capitalization of $26.23 billion.