U.S. Power Company Executive Sells Over $1 Million in Shares

K. Jon Taylor, Chief Financial Officer and Senior Vice President of Strategy at FirstEnergy Corp (FE), sold 26,800 shares of the company’s common stock in open‐market transactions on March 10, 2026, at an average price of $50.943 per share, generating approximately $1.36 million (about KRW 1.8 billion) in proceeds. Following the sale, CFO Taylor retains roughly 119,000 shares directly, and including indirect holdings through his 401(k) savings plan, his total stake in the company remains valued at about $6.37 million (approximately KRW 8.6 billion).

The company recently announced a settlement after the Ohio Public Utilities Commission approved an agreement covering regulatory proceedings related to HB6, which will provide approximately $275 million in refunds and credits to customers. In its 2025 financial results, FirstEnergy also reaffirmed its 2026 guidance and outlined a medium- to long-term growth plan focused on expanded investments in its transmission and distribution network.

Headquartered in Akron, Ohio, FirstEnergy Corp is a regulated electric utility and transmission operator serving about six million customers across six states, including Ohio, Pennsylvania and New Jersey. The company previously faced substantial fines and regulatory risk in connection with the “Ohio nuclear bribery scandal,” involving HB6 legislative lobbying in the Ohio General Assembly, and has since pursued a series of settlements and resolutions to address governance and regulatory issues.