In late September 2025, FirstEnergy announced that its board has revamped the executive severance plan in.investing.com. Under the new Executive Severance Benefits Plan, the company explicitly adds the CEO and other top officers and replaces most old service-based payouts with fixed multiples of salary in.investing.com stocktitan.net. For example, the CEO, other SEC-defined officers and Executive Council members will now receive 1.5× their base salary as severance if they are involuntarily terminated in.investing.com stocktitan.net. Previously the CEO was not in the plan at all – severance was paid by years of service in.investing.com.
