FirstEnergy Corporation has announced changes to its Long-term Incentive Compensation Program (LTIP) for the performance periods of 2023-2025 and 2024-2026. The company's Board of Directors, following the Compensation Committee's recommendation, approved a modification to one of the key performance indicators (KPIs) used in assessing financial performance. The revised LTIP Awards will replace the previously used Operating Earnings Per Share $(EPS)$ KPI with the Core EPS KPI for the remaining performance periods. This change aligns with FirstEnergy's transition to reporting and providing guidance based on Core EPS, moving away from Operating EPS. The adjustments apply to all eligible recipients of the 2023 and 2024 LTIP Awards, including the Board Chair, President and CEO, CFO, and other key executives. The relative total shareholder return KPI, which measures the company's stock return against the S&P Utility index, remains unchanged.
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