On March 29, 2024, FirstEnergy Corp announced that it has received a shareholder proposal from John Chevedden request that the Board to amend the Company Policy on recoupment of incentive pay to apply to the each Named Executive Officer and to state that conduct or negligence ? not merely misconduct ? shall trigger mandatory application of that policy.

Also, the Board shall report to shareholders in each annual meeting proxy the results of any deliberations about whether or not to cancel or seek recoupment of unearned compensation paid, granted or awarded to NEOs under this policy. There shall at least be the full web address of the complete Clawback Policy in each annual meeting proxy. In addition, the Company urged the shareholders to vote against the proposal at its annual general meeting of shareholders scheduled to be held on May 22, 2024.