SEC Form 11-K filed by FirstEnergy Corp.

6/26/26 2:27:30 PM ET

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM

11-K

For Annual Reports of Employee Stock Purchase, Savings and Similar Plans

Pursuant to Section 15(d) of the

Securities Exchange Act of 1934

(Mark One)

{X}

ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE

ACT OF 1934

For the fiscal year ended December 31, 2025

{ }

TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from _________ to __________.

Commission file number 333-21011

Full title of the plan and the address of the plan, if different from that of the

issuer named below:

FIRSTENERGY CORP. SAVINGS PLAN

Name of issuer of the securities held pursuant to the plan and the address

of its principal executive office:

FIRSTENERGY CORP.

341 WHITE POND DRIVE

AKRON, OH 44320


FirstEnergy Corp. Savings Plan
Table of Contents

			Page


Report of Independent Registered Public Accounting Firm			1-2

Financial Statements:
Statements of Net Assets Available for Benefits as of
December 31, 2025 and 2024			3

Statement of Changes in Net Assets Available for Benefits
for the Year Ended December 31, 2025			4

Notes to Financial Statements			5-11

Supplemental Schedule:
Schedule H, line 4i – Schedule of Assets (Held at End of Year)
as of December 31, 2025			12-20

Other schedules of additional financial information have been omitted as they are not applicable or are not required based on the disclosure requirements of the Employee Retirement Income Security Act of 1974 and applicable regulations issued by the United States Department of Labor.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Participants and Savings Plan Committee of the

FirstEnergy Corp. Savings Plan

Akron, Ohio

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of FirstEnergy Corp. Savings Plan (the “Plan”) as of December 31, 2025 and 2024, the related statement of changes in net assets available for benefits for the year ended December 31, 2025, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for the year ended December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for purposes of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant

estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2025 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

We have served as the Plan’s auditor since 2003.

/s/ BOBER, MARKEY, FEDOROVICH & COMPANY

Cleveland, Ohio

June 26, 2026

FirstEnergy Corp. Savings Plan

Statements of Net Assets Available for Benefits

___________________________________________________________________________________________________________________________________________


	As of December 31,
	2025		2024
Assets
Investments:
Investments, at fair value (see Note 5)	$	3,851,036,292	$	3,519,948,469
Investments, at contract value (see Note 6)	313,763,273		343,738,308
Total investments	4,164,799,565		3,863,686,777

Receivables:
Accrued interest and dividends	834,266		796,313


Notes receivable from participants	58,601,839		56,461,860
Due from brokers	405,358		582,369
Total receivables	59,841,463		57,840,542
Total assets	4,224,641,028		3,921,527,319


Liabilities
Administrative expenses payable	438,761		456,062
Due to brokers	696,846		2,306,444
Total liabilities	1,135,607		2,762,506

Net assets available for benefits	$	4,223,505,421	$	3,918,764,813

The accompanying notes are an integral part of these financial statements.

FirstEnergy Corp. Savings Plan

Statement of Changes in Net Assets Available for Benefits

___________________________________________________________________________________________________________________________________


	For the Year Ended
	December 31, 2025
Additions:
Contributions:
Employer	$	40,249,813
Participant	159,459,017
Total contributions	199,708,830

Investment income:
Interest and dividends	63,687,374
Net change in fair value of investments	525,598,139
Total investment income	589,285,513

Interest income on notes receivable from participants	4,477,149

Deductions:
Distributions to participants	(485,150,762)
Administrative expenses	(3,580,122)
Total deductions	(488,730,884)

Increase in net assets available for benefits	304,740,608


Net assets available for benefits, beginning of year	3,918,764,813

Net assets available for benefits, end of year	$	4,223,505,421

The accompanying notes are an integral part of these financial statements.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

1.Description of the Plan

The following brief description of the FirstEnergy Corp. Savings Plan (the Plan) is provided for general information purposes only. Participants should refer to the Plan documents for more complete information.

General

The Plan is a defined contribution plan and was established to provide a systematic savings program for eligible employees and to supplement such savings with employer contributions. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA), and the Internal Revenue Code of 1986, as amended (IRC).

Administration

FirstEnergy Corp. (FE) is the sponsor of the Plan. The FE Savings Plan Committee is the administrator of the Plan and has responsibility for the day-to-day administration of the Plan. Record keeping with respect to individual participant accounts is maintained by Fidelity Workplace Services, LLC. Plan assets are held in trust under an arrangement with Fidelity Management Trust Company.

Participation

Generally, all full-time and part-time employees of FE's subsidiaries and participating employees not represented by a collective bargaining union are eligible to participate in the Plan. Full-time and part-time employees represented by a labor union may participate to the extent permitted by their respective collective bargaining agreement.

Unless otherwise provided in a collective bargaining agreement, new employees are automatically enrolled in the Plan with a deemed election to contribute, on a pre-tax basis, 6% of eligible earnings for each payroll period with automatic increases of 1% each April until the employee contribution rate reaches 10%. Automatic enrollment and annual increases can be changed by Plan participants at any time. Plan participants who do not make an affirmative election as to the investment of his or her contributions shall have his or her contributions invested in the age appropriate LifePath Portfolio Fund made available to all Plan participants. A LifePath Portfolio Fund is an investment alternative that provides a mixture of fixed income and equity investments that are matched to an individual’s age and assumed retirement date.

Contributions

Subject to IRC limitations, the Plan allows each participant to contribute 1% to 75% (unless otherwise provided by a collective bargaining agreement) of their eligible earnings to the Plan through payroll deductions. Participant contributions may be made as before-tax, after-tax or Roth 401(k) contributions (unless otherwise provided by a collective bargaining agreement). During any calendar year in which a participant attains age 50 or older, he or she may elect to make additional pre-tax contributions and/or Roth contributions, called “catch-up” contributions.

Unless otherwise provided in a collective bargaining agreement, FE makes a matching contribution of 50% on the first 6% of eligible compensation contributed by an employee. All employer matching contributions are provided as shares in FE common stock, except for certain IBEW Local 777 participants whose matching contributions are made in cash. Catch-up contributions are not eligible for matching contributions. The number of shares of FE common stock contributed to each participant is based on the market price of FE common stock as of the end of each pay period. Plan participants may diversify matching contributions held in FE common stock at any time, subject to certain limitations.

Participant Accounts

Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, employer matching contributions and earnings. The value of an account is updated each business day and participants are vested in the entire value of their account at all times.

Investments

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

Participants direct the investment of their contributions and account balances into various investment options including nine LifePath Funds that include a diversified mix of asset classes based on expected retirement dates (commonly referred to as target date funds), fifteen Plan investment options with different objectives covering a range of asset classes and risk levels and a self-managed brokerage account that offers participants the ability to invest in any security listed on the New York Stock Exchange (NYSE), the NYSE MKT LLC (formerly known as the American Stock Exchange or NYSE Amex LLC) or the NASDAQ and a wide range of mutual funds.

The Plan’s investment options include a fund of shares of FE common stock, which together with a small portion of cash maintained for liquidity purposes, are recorded on a unit basis. FE’s common shares are traded on the NYSE and participation units in the FE Common Stock Fund are valued at the NYSE closing price on the last business day of the plan year. The valuation per share of FE’s common stock was $44.77 and $39.78 at December 31, 2025 and 2024, respectively. The valuation per unit of the FE Common Stock Fund was $54.50 and $48.46 at December 31, 2025 and 2024, respectively, due to cash maintained in the fund for liquidity purposes.

Notes Receivable from Participants

Participants may borrow up to 50% of their total account balance, excluding their Roth 401(k) balance, not exceeding $50,000, including loans outstanding and the highest unpaid loan balance over the previous 12 months. The interest rate for new loans is adjusted each quarter to the prime rate plus 1% based on the prime rate on approximately the 15th day of the last month of the preceding quarter. Effective April 1, 2019, the interest rate for new loans will be equal to the prime rate that is published by Reuters on the last day of the month before the start of the calendar quarter in which the loan is approved, plus 1%. The range of interest rates on outstanding loan balances during the year ended December 31, 2025 was 4.25% to 9.75%. Participants may have up to two loans outstanding at one time. The minimum loan amount is $1,000 and must be repaid within 6 to 60 months. If the loan is for the purchase of a principal residence, the loan repayment period can be extended up to 30 years. Principal repayments and payments of interest are credited to the participant’s account when made, generally through payroll deduction. If a participant fails to make regularly scheduled payments, the participant has 90 days from the first missed scheduled repayment to pay the full amount in arrears. If full repayment of the amount in arrears doesn’t occur, the outstanding balance of the loan will be defaulted and become a taxable distribution to the participant. If an eligible participant elects to take full distribution of their account balance and a loan balance remains, the entire loan balance remaining will be taxable.

Payment of Benefits

Upon termination of service due to disability, retirement or any other reason, a participant may elect to receive the full value or a portion of his or her account, defer payment to a later date (generally, not beyond April 1st of the year following the year the participant reaches age 73) or receive installment payments. In the event of a participant’s death, the participant’s spouse may elect to withdraw all or a portion of the former participant’s account or keep the funds in the Plan in accordance with provisions of the Plan; all other beneficiaries must withdraw or rollover the former participant's account within 180 days. Retired and separated participants with vested balances of $1,000 or less are required to take full distribution of their account.

Subsequent Events

Management evaluated subsequent events for the Plan through June 26, 2026, the date the financial statements were available to be issued.

2.Summary of Significant Accounting Policies

The accompanying financial statements have been prepared on the accrual basis of accounting. Benefits are recorded when paid. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results may differ from these estimates.

The Plan’s investments are stated at fair value. Fair value reflects the price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

transaction between willing market participants on the measurement date. See Note 5 for a discussion of fair value measurements. Contract value is the relevant measurement attribute for that portion of the net assets available for benefits of the Plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan.

Notes receivable from participants represent participant loans and are measured at their unpaid principal balance plus any accrued interest. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document. Repayments of principal and interest are recognized in the period in which payroll deductions are processed.

Investment income consists of interest and dividend income. The net change in the fair value of investments consists of realized and unrealized gains and losses on those investments. Dividend income is accrued on the ex-dividend date. Purchases and sales of securities are recorded on a trade-date basis. Realized gains and losses from security transactions are reported based on historical cost.

Expenses for the administration of the Plan are generally paid by the Plan.

3.Recently Adopted Accounting Pronouncements

There are no recent accounting pronouncements not yet adopted which are expected to have a material impact on the Plan.

4.Plan Termination

Although FE has not expressed any intent to do so, it reserves the right to discontinue or terminate the Plan at any time. If the Plan were terminated, in whole or in part, participants would be entitled to withdraw the full value of their accounts, to the extent allowed by law.

5.Investments and Fair Value Measurements

The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the Statements of Net Assets Available for Benefits.

Authoritative accounting guidance establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy gives the highest priority to Level 1 measurements and the lowest priority to Level 3 measurements.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

The three levels of the fair value hierarchy are as follows:


Level 1						– Quoted prices for identical instruments in active markets.

Level 2						– Quoted prices for similar instruments in active markets;
						– Quoted prices for identical or similar instruments in markets that are not active; and
						– Model-derived valuations for which all significant inputs are observable market data.

						Models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors and current market and contractual prices for the underlying instruments, as well as other relevant economic measures.

Level 3						– Valuation inputs are unobservable and significant to the fair value measurement.

The Plan did not hold any Level 3 investments as of December 31, 2025 or 2024, or during the year ended December 31, 2025.

There were no changes in valuation methodologies for assets measured at fair value during 2025.

The following tables set forth, by level within the fair value hierarchy, the fair value of the Plan’s investments as of December 31, 2025 and 2024:


	December 31, 2025
	Level 1		Level 2		Total


Common Collective Trusts	—		2,559,288,271		2,559,288,271

FE Common Stock Fund
FE Common Stock	456,541,538		—		456,541,538
Cash and Cash Equivalents	—		1,543,395		1,543,395
Total FE Common Stock Fund	456,541,538		1,543,395		458,084,933

Registered Investment Companies	592,790,270		1,030,568		593,820,838

Self-Managed Brokerage Accounts1	—		239,842,250		239,842,250

Total Investments at Fair Value2	$	1,049,331,808	$	2,801,704,484	$	3,851,036,292


1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________


	December 31, 2024
	Level 1		Level 2		Total

Cash and Cash Equivalents	$	—	$	15,455	$	15,455

Common Collective Trusts	—		2,257,682,707		$	2,257,682,707

FE Common Stock Fund
FE Common Stock	415,883,749		—		415,883,749
Cash and Cash Equivalents	—		680,470		680,470
Total FE Common Stock Fund	415,883,749		680,470		416,564,219

Registered Investment Companies	628,074,470		2,970,594		631,045,064

Self-Managed Brokerage Accounts1	—		214,641,024		214,641,024

Total Investments at Fair Value 2	$	1,043,958,219	$	2,475,990,250	$	3,519,948,469

1 The brokerage account investments are directed by participants.
2 Values do not include investments at contract value.

6.Fully Benefit-Responsive Investment Contracts

The Plan has an interest in synthetic guaranteed investment contracts (GICs) as part of the Capital Preservation Fund, which is managed by Pacific Investment Management Company (PIMCO).

In accordance with authoritative guidance for defined contribution plans, investment contracts are generally measured at contract value rather than fair value to the extent they are fully benefit-responsive. Contract value represents contributions made under the contract, plus earnings, less participant withdrawals and administrative expenses. Participants transact with their investment in the Capital Preservation Fund at contract value as determined by the insurers and banks. No valuation reserve in relation to the contract value was deemed necessary. The Statement of Changes in Net Assets Available for Benefits and the Statements of Net Assets Available for Benefits present the synthetic GICs on a contract value basis.

A synthetic investment contract includes a wrapper contract, which is an agreement for the wrap issuer, such as a bank or insurance company, to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan.

The synthetic investment contracts held by the Plan include wrapper contracts that provide a guarantee that the credit rate will not fall below 0%. Cash flow volatility (for example, timing of benefit payments), as well as asset underperformance, can be passed through to the Plan through adjustments to future contract crediting rates. Formulas are provided in each contract that adjusts renewal crediting rates to recognize the difference between the fair value and the book value of the underlying assets. Crediting rates are reviewed monthly for resetting.

Certain events limit the ability of the Plan to transact with the issuer at contract value. These events include closings (location, subsidiary, division), layoffs, Plan termination, bankruptcy or reorganization, corporate merger, early retirement incentive programs or similar events. The Plan Administrator does not believe any such events of the magnitude that would limit the Plan’s ability to transact at contract value are probable. The GICs do not permit the issuers to terminate the contracts at an amount other than contract value.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

The following represents the disaggregation of contract value between types of investment contracts held by the Plan at December 31, 2025 and 2024:


	2025		2024

Short-term investment fund	$	7,235,881	$	10,697,898
Synthetic GICs	306,527,392		333,040,410
Total Investments at contract value	$	313,763,273	$	343,738,308

The synthetic GICs are presented on Schedule H, line 4i - Schedule of Assets (Held at End of Year) at fair value as a requirement of Form 5500. The fair value of the synthetic GICs represents the total fair value of the underlying assets plus the wrap value, which is calculated by using the discounted cash flows of the difference between the current wrap fee and the market indication wrap fee.

7.Tax Considerations

The Plan is exempt from federal, state and local income taxes. The Plan obtained its latest favorable determination letter on October 27, 2016, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the IRC.

The federal, state and local income tax treatments of distributions from the Plan depend upon when they are made and their form. The withdrawal of the principal amount of a participant's after-tax contribution is not, however, subject to tax. For tax years beginning after December 31, 1986, the Tax Reform Act of 1986 requires that an additional tax of 10% be applied to participant withdrawals from the Plan prior to death, disability, attainment of age 59-1/2 or under certain other limited circumstances. In the case of withdrawal by a participant employed by FE or its consolidated subsidiaries (FirstEnergy) prior to the attainment of age 59-1/2, the excess of the value of the withdrawal over the total amount of the participant's after-tax contributions, is taxable at ordinary income tax rates. The value of FE’s common stock withdrawn is considered to be its fair value on the date it is withdrawn.

In the case of a distribution that qualifies as a lump-sum distribution upon a participant's termination of employment with FirstEnergy or after attaining the age of 59-1/2, only the excess of the value of the lump sum distribution over the amount of the participant's after-tax contributions to the Plan (less withdrawals) is taxable at ordinary income tax rates. In determining the value of the lump-sum distribution, the FE common stock distributed in-kind or in cash is measured at fair value on the date it is withdrawn.

The Plan is subject to audits by taxing jurisdictions. GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain position that more than likely would not be sustained upon examination by taxing authorities. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2025 and 2024, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements.

8.Party-In-Interest Transactions

Certain Plan investments are shares of mutual funds managed by Fidelity Investments. Fidelity Management Trust Company, a related company, is the trustee as defined by the Plan and, therefore, these transactions qualify as party-in-interest transactions.

PIMCO is the fund manager of the Capital Preservation Fund and invests in certain investments managed by PIMCO and, therefore, these transactions qualify as party-in-interest transactions.

Certain Plan investments are shares of FE common stock with sales and purchases of the stock commencing on an as-needed basis. The investments and transactions qualify as party-in-interest transactions.

FirstEnergy Corp. Savings Plan

Notes to Financial Statements

____________________________________________________________________________________________________________________________________________________

Additionally, the Plan uses the services of other fund managers that are paid directly by the Plan.

All of the above transactions are exempt from the prohibited transaction rules of ERISA.

9.Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits, investment income and interest income on notes receivable per the financial statements to Form 5500 as of December 31, 2025 and 2024, and for the year ended December 31, 2025:


	2025		2024

Net assets available for benefits per the financial statements	$	4,223,505,421	$	3,918,764,813
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts	(8,415,744)		(20,710,669)
Net assets available for benefits per Form 5500	$	4,215,089,677	$	3,898,054,144

Total investment income and interest income on notes receivable
from participants per the financial statements	$	593,762,662
Adjustment from contract value to fair value for fully-benefit
responsive investment contracts	12,294,925
Investment income per Form 5500	$	606,057,587

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost ($)

Current Value ($)

FIRSTENERGY COMMON STOCK FUND

FirstEnergy common stock

458,084,933

FIDELITY PURITAN FUND K6

Balanced fund

165,667,907

FIDELITY GOVERNMENT MARKET

U.S. government securities

BLACKROCK ACWI EX US - L

International stocks

71,734,942

AMERICAN FUNDS EUROPACIFIC GROWTH FUND

International stocks

73,156,234

BLACKROCK LIFEPATH INDEX RETIREMENT FUND W

Blend of stocks, fixed income

179,944,216

BLACKROCK LIFEPATH INDEX 2030 FUND W

Blend of stocks, fixed income

132,971,201

BLACKROCK LIFEPATH INDEX 2035 FUND W

Blend of stocks, fixed income

109,818,798

BLACKROCK LIFEPATH INDEX 2040 FUND W

Blend of stocks, fixed income

100,157,612

BLACKROCK LIFEPATH INDEX 2045 FUND W

Blend of stocks, fixed income

114,209,816

BLACKROCK LIFEPATH INDEX 2050 FUND W

Blend of stocks, fixed income

150,233,921

BLACKROCK LIFEPATH INDEX 2055 FUND W

Blend of stocks, fixed income

128,770,323

BLACKROCK LIFEPATH INDEX 2060 FUND W

Blend of stocks, fixed income

88,642,514

BLACKROCK LIFEPATH INDEX 2065 FUND W

Blend of stocks, fixed income

40,727,825

COLUMBIA DIVIDEND INCOME FUND

Equities, fixed income

78,630,309

DODGE & COX INTERNATIONAL FUND CLASS X

International stocks

156,113,789

FIAM CORE PLUS

Bonds

184,916,769

SELF MANAGED BROKERAGE ACCOUNTS

Equities, fixed income

239,842,250

US DEBT INDEX FUND M MUTUAL FUND

Bonds

36,522,774

RUSSELL 2000 INDEX FUND

Small cap growth stocks

21,445,868

RUSSELL 1000 INDEX FUND

Small cap growth stocks

127,102,266

MARKET COMPLETION INDEX

Blend of large, mid cap and small cap stocks

128,690,400

EQUITY INDEX - J

Large cap stocks

864,768,717

VANGUARD MID CAP VALUE INDEX FUND

Mid cap value stocks

54,959,383

VICTORY SMALL CAP FUND

Small cap value stocks

48,338,046

CAPITAL PRESERVATION FUND TOTAL

STATE STREET STIF

Money market fund

7,235,881

ADVENT HEALTH SYSTEM

Corporate - 2.95%, 2029

668,687

AMEREN MISSOURI SEC FU I SR SEC

Corporate - 4.85%, 2041

489,359

AMERICAN NATIONAL GF SR SEC 144A

Corporate -4.63%, 2028

301,640

AMERIPRISE FINANCIAL INC SR UNSEC

Corporate - 4.50%, 2032

1,013,392

AMXCA 2023-2 A

Mortgage -4.80%, 2030

1,641,265

ANDREW W MELLON FOUNDATI UNSEC

Corporate - 0.95%, 2027

1,340,920

AT&T INC SR UNSEC

Corporate - 2.55%, 2033

599,380

AVOLON HOLDINGS FNDG LTD SR UNSEC 144A

Corporate - 4.95%, 2032

699,776

BANK 2018-BN12 ASB

Cash Equivalent - 4.17%, 2061

569,606

BANK 2019-BN21 ASB

Mortgage - 2.81%, 2052

1,103,572

BANK 2020-BN25 A5

Mortgage - 2.65%, 2063

932,781

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

BANK 2020-BN26 A4 WM29 WC3.5017

Mortgage -2.40%, 2063

919,988

BANK OF AMERICA CORP SR UNSEC SOFR

Cash Equivalent - 1.73%, 2027

2,130,499

BANK OF AMERICA CORP SR UNSEC SOFR

Cash Equivalent - 1.66%, 2027

748,279

BANK5 2025-5YR17 A2

Mortgage - 4.75%, 2058

507,698

BANNER HEALTH UNSEC

Corporate - 2.34%, 2030

1,411,511

BARCLAYS PLC SR UNSEC

Corporate - 2.65%, 2031

649,085

BARCLAYS PLC SR UNSEC SOFR

Corporate - 5.69%, 2030

1,679,137

BAYER US FINANCE LLC SR UNSEC 144A

Corporate -6.50%, 2033

652,671

BBCMS 2023-C19 A5

Mortgage - 5.45%, 2056

1,041,442

BBCMS 2024-5C31 A2 WM29 WC6.6063

Mortgage - 5.14%, 2057

514,428

BBCMS 2025-C32 A4

Mortgage -5.43%, 2062

525,098

BEIGNET INVESTOR LLC SEC 144A

Corporate - 6.58%, 2049

3,393,728

BMARK 2019-B14 ASB

Mortgage - 2.96%, 2062

1,071,478

BMARK 2020-B21 A5

Mortgage - 1.98%, 2053

1,419,569

BMARK 2025-V18 A3

Mortgage -5.18%, 2058

516,778

BMO 2024-5C5 A2

Mortgage -5.46%, 2057

618,231

BMO 2024-5C7 A2

Mortgage -5.09%, 2057

717,351

BMO 2024-5C8 A2

Mortgage -5.15%, 2057

514,095

BNP PARIBAS SR NONPREF 144A SOFR

Corporate - 5.74%, 2035

1,062,092

BPCE SA SR NON PREF 144A SOFR

Corporate - 5.94%, 2035

1,885,622

CA ST UNIV-D

Municipals -1.69%, 2029

1,112,509

CARMX 2022-4 A3

Cash Equivalent - 5.34%, 2027

281,163

CARMX 2024-1 A3

Cash Equivalent -4.92%, 2028

1,715,408

CASH COLLATERAL CME BOS USD

Cash Equivalent - 3.44%, 2060

265,695

CASH COLLATERAL FUT BOS USD

Cash Equivalent -3.44%, 2060

647,981

CASH COLLATERAL LCH BOS USD

Cash Equivalent - 3.44%, 2060

756,366

CCCIT 2018-A7 A7

Mortgage - 3.96%, 2030

2,320,630

CNO GLOBAL FUNDING SR SEC 144A

Corporate - 4.70%, 2030

501,995

COMET 2023-A1 A

Cash Equivalent - 4.42%, 2028

1,103,213

COMM 2018-COR3 A3 WM28 WC4.57635829

Mortgage -4.23%, 2051

987,570

COMM 2019-GC44 ASB

Mortgage -2.87%, 2057

1,124,953

CONSTELLATION EN GEN LLC SR UNSEC

Corporate - 5.60%, 2028

728,706

COPAR 2023-2 A3

Cash Equivalent -5.82%, 2028

640,229

CORNELL UNIVERSITY SR UNSEC

Corporate -4.17%, 2030

302,088

CRVNA 2024-P2 A3

Cash Equivalent - 5.33%, 2029

543,637

CRVNA 2025-P3 A3

Mortgage -4.04%, 2030

1,004,442

CSAIL 2017-CX9 ASB

Cash Equivalent - 3.26%, 2050

255,609

DALLAS AREA RAPID TRN

Municipals - 1.35%, 2027

95,984

DCENT 2023-A2 A

Cash Equivalent - 4.93%, 2028

1,207,395

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

DEUTSCHE BANK NY SOFR SR NON-PREF

Corporate - 3.55%, 2031

383,309

DEUTSCHE BANK NY SR NON-PREF SOFR

Corporate - 7.15%, 2027

1,030,700

DTE ELECT SECUR FND II SR SEC

Corporate - 5.97%, 2033

965,618

DTE ELECTRIC CO SEC

Corporate - 3.00%, 2032

931,689

EMPIRE DISTRICT BONDCO SEC

Corporate - 4.94%, 2035

975,837

ENI SPA SR UNSEC 144A

Corporate - 5.50%, 2034

933,037

EQUITABLE FINANCIAL LIFE SEC 144A

Cash Equivalent - 1.30%, 2026

1,186,742

EVERSOURCE ENERGY SR UNSEC

Corporate - 4.45%, 2030

200,043

FAIRFAX FINL HLDGS LTD SR UNSEC

Corporate - 5.75%, 2035

522,182

FED HOME LN BK BD (600MM)

Cash Equivalent - 1.05%, 2026

1,776,177

FED HOME LN BK GLBL BD (300MM)

Cash Equivalent - 1.00%, 2026

3,451,624

FHLMC DUS #WN-2427

Mortgage - 4.17%, 2028

249,293

FHLMC GOLD 30YR #Q3-1614

Mortgage - 3.00%, 2045

659,275

FHLMC GOLD 30YR #Q3-3509

Mortgage - 3.00%, 2045

213,539

FHLMC GOLD 30YR #Q4-3876

Mortgage - 3.00%, 2046

7,399,603

FHLMC GOLD 30YR GNT #G0-8687

Mortgage - 3.50%, 2046

973,989

FHLMC GOLD 30YR GNT #G0-8693

Mortgage - 3.50%, 2046

24,083

FHLMC GOLD 30YR GNT #G0-8793

Mortgage - 4.00%, 2047

86,890

FHLMC GOLD 30YR GNT #G0-8823

Mortgage - 3.50%, 2048

390,428

FHLMC GOLD 30YR GNT #G0-8841

Mortgage - 3.50%, 2048

107,540

FHLMC GOLD 30YR GNT #G0-8857

Mortgage - 4.00%, 2049

462,635

FHMS K065 A1 WM27 WC4.3550

Cash Equivalent - 2.86%, 2026

222,848

FHMS K070 A1

Cash Equivalent - 3.03%, 2027

928,354

FHR 2739 PG PAC WM33 WC5.552

Mortgage - 5.00%, 2034

147,407

FHR 2950 FN SOFR30A+56.448BP

Cash Equivalent - 4.55%, 2035

38,678

FHR 3185 GT SEQ WM26 WC6.43

Cash Equivalent - 6.00%, 2026

1,875

FHR 3225 HF SOFR30A+62.448BP

Cash Equivalent - 4.61%, 2036

59,679

FHR 3311 FN SOFR30A+41.448BP

Cash Equivalent - 4.40%, 2037

21,539

FHR 3318 FL SOFR30A+51.448BP

Cash Equivalent - 4.50%, 2037

54,716

FHR 3339 FL SOFR30A+69.448BP

Cash Equivalent - 4.68%, 2037

65,581

FHR 3355 BF SOFR30A+81.448BP

Cash Equivalent - 4.80%, 2037

78,619

FHR 3368 AF SOFR30A+83.448BP

Cash Equivalent - 4.82%, 2037

10,013

FHR 3666 FC SOFR30A+84.448BP

Cash Equivalent - 4.83%, 2040

37,892

FHR 3699 FD SOFR30A+71.448BP VA

Cash Equivalent - 4.70%, 2040

53,206

FHR 3740 DF SOFR30A+59.448BP

Cash Equivalent - 4.58%, 2040

158,066

FHR 3743 FA SOFR30A+71.448BP

Cash Equivalent - 4.70%, 2040

219,338

FHR 3747 WF SOFR30A+59.448BP VA

Cash Equivalent - 4.58%, 2040

226,630

FHR 3751 FG SOFR30A+61.448BP

Cash Equivalent - 4.60%, 2050

77,392

FHR 3843 FE SOFR30A+66.448BP

Cash Equivalent - 4.65%, 2041

310,097

FHR 3843 FG SOFR30A+66.448BP

Cash Equivalent - 4.65%, 2041

310,097

FHR 3977 FB SOFR30A+63.448BP

Cash Equivalent - 4.62%, 2041

369,115

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

FHR 3984 DF SOFR30A+66.448BP

Cash Equivalent - 4.65%, 2042

320,560

FHR 4400 FA SOFR30A+51.448BP

Cash Equivalent - 4.50%, 2041

220,968

FHR 4736 CD WM39 WC4.9483

Mortgage - 3.00%, 2046

234,431

FHR 4989 FA SOFR30A+46.448BP

Cash Equivalent - 4.49%, 2040

88,317

FHR 4989 FB SOFR30A+46.448BP

Cash Equivalent - 4.49%, 2040

80,550

FHR 5511 FG SOFR30A+115BP

Cash Equivalent - 5.02%, 2055

694,025

FHR 5565 FA SOFR30A+115BP

Cash Equivalent - 5.02%, 2055

379,949

FIN FUT SOFR 90DAY CME (WHT) 03/17/26

Future - 0.00%, 2026

(26,862)

FIN FUT US 10YR CBT 03/20/26

Future - 6.00%, 2026

2,406

FIN FUT US 2YR CBT 03/31/26

Future - 6.00%, 2026

(20,860)

FIN FUT US 30YR CBT 03/20/26

Future - 6.00%, 2026

13,125

FIN FUT US 5YR CBT 03/31/26

Future - 6.00%, 2026

—

FIN FUT US ULTRA 30YR CBT 03/20/26

Future - 6.00%, 2026

7,990

FL ST BRD ADMIN FIN-A

Municipals - 5.53%, 2034

425,913

FN ARM AL7090 H15T1Y+223.678 9.478

Cash Equivalent - 6.23%, 2037

137,246

FNMA PASS THRU 15YR #MA3897

Mortgage - 3.00%, 2035

258,907

FNMA PASS THRU 20YR #AL6722

Mortgage - 5.00%, 2030

43,782

FNMA PASS THRU 30YR #848210

Mortgage - 5.50%, 2035

40,699

FNMA PASS THRU 30YR #884863

Mortgage - 5.50%, 2036

24,345

FNMA PASS THRU 30YR #890365

Mortgage - 5.50%, 2041

52,036

FNMA PASS THRU 30YR #938504

Mortgage - 5.50%, 2037

16,620

FNMA PASS THRU 30YR #BK8819

Mortgage - 4.00%, 2048

293,922

FNMA PASS THRU 30YR #FM3241

Mortgage - 3.00%, 2050

1,391,562

FNMA PASS THRU 30YR #FS4017

Mortgage - 3.00%, 2052

4,389,490

FNMA PASS THRU 30YR #MA4653

Mortgage - 3.00%, 2052

1,456,080

FNMA PASS THRU 30YR #SD8245

Mortgage - 4.50%, 2052

24,453,732

FNMA PASS THRU 30YR #SD8265

Mortgage - 4.00%, 2052

30,451,356

FNMA PASS THRU 30YR #SD8507

Mortgage - 6.00%, 2055

991,177

FNMA PASS THRU 30YR #SD8516

Mortgage - 6.00%, 2055

4,072,731

FNMA P-T DUS #AN5171

Mortgage - 3.29%, 2027

762,502

FNMA P-T DUS #AN8612

Mortgage - 3.29%, 2028

724,875

FNMA P-T DUS #AN9215

Mortgage - 3.43%, 2028

51,623

FNMA P-T DUS #BL6406

Mortgage - 1.63%, 2027

(3,692,433)

FNMA P-T DUS #BZ5550

Mortgage - 4.30%, 2032

1,320,034

FNMA TBA 6.5% FEB 30YR

Mortgage - 6.50%, 2056

4,470,253

FNMA TBA 6.5% JAN 30YR

Mortgage - 6.50%, 2056

—

FNR 2005-13 FA SOFR30A+56.448BP

Cash Equivalent - 4.44%, 2035

86,049

FNR 2006-129 FM SOFR30A+36.448BP

Cash Equivalent - 4.24%, 2037

22,650

FNR 2007-109 GF SOFR30A+79.448BP

Cash Equivalent - 4.67%, 2037

160,360

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

FNR 2007-25 FB SOFR30A+44.448BP

Cash Equivalent - 4.32%, 2037

13,350

FNR 2007-27 FA SOFR30A+42.448BP

Cash Equivalent - 4.30%, 2037

1,220

FNR 2007-38 FC SOFR30A+53.448BP

Cash Equivalent - 4.41%, 2037

55,299

FNR 2007-70 FA SOFR30A+46.448BP

Cash Equivalent - 4.34%, 2037

29,289

FNR 2008-12 FA SOFR30A+78.448BP

Cash Equivalent - 4.66%, 2038

238,113

FNR 2010-111 FC SOFR30A+63.448BP

Cash Equivalent - 4.51%, 2040

32,501

FNR 2010-115 FM SOFR30A+61.448BP

Cash Equivalent - 4.49%, 2040

213,019

FNR 2010-117 FE SOFR30A+51.448BP

Cash Equivalent - 4.39%, 2040

24,166

FNR 2010-135 LF SOFR30A+56.448BP

Cash Equivalent - 4.44%, 2040

96,370

FNR 2015-79 FE SOFR30A+36.448BP

Cash Equivalent - 4.24%, 2045

507,471

FNR 2015-87 BF SOFR30A+41.448BP

Cash Equivalent - 4.29%, 2045

289,502

FNR 2016-11 CF SOFR30A+46.448BP

Cash Equivalent - 4.34%, 2046

591,185

FNR 2016-40 AF SOFR30A+56.448BP

Cash Equivalent - 4.59%, 2046

388,413

FNR 2016-64 KF SOFR30A+58.448BP

Cash Equivalent - 4.61%, 2046

375,292

FNR 2016-82 FM SOFR30A+51.448BP

Cash Equivalent - 4.54%, 2046

535,936

FNR 2016-87 AF SOFR30A+51.448BP

Cash Equivalent - 4.54%, 2046

566,223

FNR 2024-104 FA SOFR30A+105BP

Cash Equivalent - 4.92%, 2055

410,207

FNR 2025-16 FA SOFR30A+115BP

Cash Equivalent - 5.02%, 2055

403,772

FNR 2025-19 FC SOFR30A+116BP

Mortgage - 5.03%, 2055

87,166

FORDO 2022-D A4

Cash Equivalent - 5.30%, 2028

1,816,553

GA GLOBAL FUNDING TRUST SEC 144A

Corporate - 5.40%, 2030

726,925

GLOBAL PAYMENTS INC SR UNSEC SMR

Corporate - 4.88%, 2030

703,733

GMALT 2023-3 A4

Cash Equivalent - 5.44%, 2027

146,038

GNMA II MULTPL SGL 30YR #MA3105M

Mortgage - 3.50%, 2045

906,173

GOLDMAN SACHS GROUP INC SR UNSEC TSFR3M

Corporate - 3.69%, 2028

2,988,833

GSMS 2019-GSA1 AAB

Mortgage - 2.99%, 2052

1,508,660

HAROT 2024-3 A3

Cash Equivalent - 4.57%, 2029

605,094

HART 2023-C A4

Mortgage - 5.55%, 2029

1,436,662

HSBC HOLDINGS PLC SR UNSEC SOFR

Corporate - 5.21%, 2028

1,026,543

JPMDB 2017-C7 A5 WM27 WC4.2015

Mortgage - 3.41%, 2050

1,280,352

JPMORGAN CHASE & CO SR UNSEC SOFR

Corporate - 4.57%, 2030

1,520,403

JPMORGAN CHASE & CO SR UNSEC SOFR

Corporate - 1.95%, 2032

717,547

JPMORGAN CHASE & CO SR UNSEC TSFR3M

Corporate - 3.78%, 2028

1,256,545

KKR GROUP FINAN CO XII 144A SR UNSEC

Corporate - 4.85%, 2032

303,223

LA LOCAL GOVT ENVRN-A

Municipals - 4.28%, 2036

400,326

LLOYDS BANKING GROUP PLC SR UNSEC

Corporate - 4.55%, 2028

510,634

LLOYDS BANKING GROUP PLC SR UNSEC

Corporate - 3.57%, 2028

995,101

MASSMUTUAL GLOBAL FUNDIN SR SEC 144A

Corporate - 5.15%, 2029

1,240,681

MEXICO GOVT (UMS)

Govt-Non US - 6.00%, 2030

213,348

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

MIZUHO FINANCIAL GROUP SR UNSEC

Corporate - 2.17%, 2032

1,783,330

MORGAN STANLEY SOFR SR UNSEC

Corporate - 2.24%, 2032

1,699,060

MORGAN STANLEY SR UNSEC SOFRRATE

Corporate - 5.66%, 2030

890,867

MSC 2021-L5 ASB

Mortgage - 2.43%, 2054

1,045,802

MSWF 2023-2 A5

Mortgage - 6.01%, 2056

1,192,677

NATIONAL SECS CLEARING SR UNSEC 144A

Corporate - 4.70%, 2030

410,517

NATWEST GROUP PLC SR UNSEC

Cash Equivalent - 1.64%, 2027

494,822

NATWEST GROUP PLC SR UNSEC

Corporate - 4.89%, 2029

1,275,740

NLG GLOBAL FUNDING SEC 144A

Corporate - 5.40%, 2030

416,070

NORTHWESTERN UNIVERSITY UNSEC

Corporate - 4.94%, 2035

614,871

NSTAR ELECTRIC CO SR UNSEC

Corporate - 5.60%, 2028

829,593

PACIFIC GAS & ELECTRIC

Corporate - 3.00%, 2028

582,419

PACIFIC GAS & ELECTRIC 1ST MTGE

Corporate - 6.10%, 2029

636,495

PACIFIC LIFE GF II SEC 144A

Corporate - 4.50%, 2029

509,613

PACIFIC LIFE GF II SEC 144A SOFR

Cash Equivalent - 4.40%, 2026

702,276

PROTECTIVE LIFE GLOBAL SEC 144A

Corporate - 5.43%, 2032

791,279

PROV ST JOSEPH HLTH OBL SR UNSEC

Corporate - 5.40%, 2033

1,352,754

RFR USD SOFR/3.29000 03/31/26-4Y* LCH

Interest Rate Swap - 3.29%, 2030

29,583

RFR USD SOFR/3.30000 12/02/24-4Y* CME

Interest Rate Swap - 3.30%, 2029

19,080

RFR USD SOFR/3.37500 03/31/26-4Y* LCH

Interest Rate Swap - 3.38%, 2030

4,109

RFR USD SOFR/3.51042 09/03/24-4Y* LCH

Interest Rate Swap - 3.51%, 2028

22,176

RFR USD SOFR/3.51453 09/03/24-4Y* LCH

Interest Rate Swap - 3.51%, 2028

(6,073)

RFR USD SOFR/3.75000 09/02/25-7Y* LCH

Interest Rate Swap - 3.75%, 2032

(126,547)

RGA GLOBAL FUNDING SEC 144A

Corporate - 4.60%, 2030

1,004,038

SAMMONS FINANCIAL GLOBAL SEC SOFR 144A

Cash Equivalent - 4.66%, 2027

905,508

SAN JOSE REDEV-A-T

Municipals - 3.13%, 2028

790,114

SANTANDER UK GROUP HLDGS SR UNSEC SOFR

Corporate - 1.67%, 2027

1,385,110

SBA TOWER TRUST 144A

Corporate - 6.60%, 2052

1,743,413

SCE RECOVERY FUNDING LLC SR SEC A1

Corporate - 4.45%, 2038

604,258

SOUTHERN CALIF GAS CO 1ST MTGE

Corporate - 5.45%, 2035

418,510

STIF FUND (EUR)

Cash Equivalent - 3.89%, 2030

239,486

STIF FUND (EUR) (FIDELITY)

Cash Equivalent - 0.00%, 2030

STIF FUND (GBP) (FIDELITY)

Cash Equivalent - 0.00%, 2030

STIF FUND (JPY) (FIDELITY)

Cash Equivalent - 0.00%, 2030

—

SYNIT 2023-A2 A

Cash Equivalent - 5.74%, 2029

1,117,395

SYSTEM ENERGY RESOURCES 1ST MTGE

Corporate - 5.30%, 2034

1,014,203

TEXAS ELECTRIC MKT STABL SEC

Corporate - 4.27%, 2036

1,041,134

TX NATURAL GAS SECZ

Municipals - 5.10%, 2035

951,249

U S TREASURY INFLATE PROT BD

US Treasury - 2.13%, 2035

4,437,064

U S TREASURY NOTE

US Treasury - 3.50%, 2030

1,488,627

U S TREASURY NOTE

US Treasury - 4.25%, 2035

7,117,929

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

U S TREASURY NOTE

US Treasury - 3.63%, 2030

19,327,179

U S TREASURY REPO

Cash Equivalent - 3.93%, 2026

8,000,398

U S TREASURY REPO

Cash Equivalent - 3.84%, 2026

46,602,265

UBS GROUP AG SR UNSEC 144A

Corporate - 2.10%, 2032

446,037

UBS GROUP AG SR UNSEC 144A SOFR

Corporate - 3.09%, 2032

1,038,844

UBSCM 2017-C7 ASB

Cash Equivalent - 3.59%, 2050

553,257

UNIV OF CALIFORNIA-BG

Municipals - 1.32%, 2027

1,356,278

UPMC SEC

Corporate - 5.04%, 2033

615,614

VERIZON COMMUNICATIONS SR UNSEC

Corporate - 5.00%, 2036

598,096

VM CASH CCP CME BOS USD

Cash Equivalent - 3.44%, 2060

65,453

VM CASH CCP LCH BOS USD

Cash Equivalent - 3.44%, 2060

29,944

VM CASH FUT DOM BOS USD

Cash Equivalent - 3.44%, 2060

148,608

WELLS FARGO & COMPANY SR UNSEC SOFR

Corporate - 5.50%, 2035

3,170,312

WESTERN-SOUTHERN GLOBAL SEC 144A

Corporate - 4.70%, 2032

299,287

WFCM 2017-C42 ASB

Cash Equivalent - 3.49%, 2050

378,164

WFCM 2018-C44 A5

Mortgage - 4.21%, 2051

1,501,774

WISCONSIN ST GEN FUND

Municipals - 1.49%, 2029

928,518

WOART 2023-C A4

Mortgage - 5.03%, 2029

810,983

Capital Preservation Fund Total

305,347,529

ARTISAN MID CAP FUND

BBF STIF

MONEY MARKET FUND

1,030,567

ARES MANAGEMENT CORP CL A

COMMON STOCKS

1,050,433

ARGENEX SE SPONSORED ADR

COMMON STOCKS

4,828,735

ARTHUR J GALLAGHAR AND CO

COMMON STOCKS

497,653

ASCENDIS PHARMA AS SPON ADR

COMMON STOCKS

4,395,729

ASTERA LABS INC

COMMON STOCKS

1,286,462

AUTOZONE INC

COMMON STOCKS

1,431,213

BAKER HUGHES CO

COMMON STOCKS

2,387,708

BLOOM ENERGY CORP CL A

COMMON STOCKS

439,663

BWX TECHNOLOGIES INC

COMMON STOCKS

1,288,695

CARVANA CO CL A

COMMON STOCKS

1,228,078

CBRE GROUP INC - CL A

COMMON STOCKS

1,741,034

CCC INTELLIGENT SOLUTIONS HOLD CL A

COMMON STOCKS

1,006,160

CENCORA INC

COMMON STOCKS

1,242,582

CLOUDFLARE INC

COMMON STOCKS

1,098,717

COHERENT CORP

COMMON STOCKS

1,030,454

COMFORT SYSTEMS USA INC

COMMON STOCKS

1,879,646

DOORDASH INC

COMMON STOCKS

2,544,729

EDWARDS LIFESCIENCES CORP

COMMON STOCKS

475,013

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

EQUITY/CONVERTIBLE API GROUP CORP

COMMON STOCKS

2,137,701

FAIR ISAAC CORP

COMMON STOCKS

1,191,887

FTAI AVIATION LTD

COMMON STOCKS

1,207,675

GUIDEWIRE SOFTWARE INC

COMMON STOCKS

1,200,633

INGERSOLL RAND INC

COMMON STOCKS

1,017,581

INSMED INC

COMMON STOCKS

3,843,499

INSULET CORP

COMMON STOCKS

1,479,469

IRHYTHM TECHNOLOGIES INC

COMMON STOCKS

1,711,764

L3HARRIS TECHNOLOGIES INC

COMMON STOCKS

1,678,927

LATTICE SEMICONDUCTOR

COMMON STOCKS

1,697,270

LIBERTY MEDIA CORP LIBERTY FORMULA ONE C

COMMON STOCKS

1,951,582

LIVE NATION ENTERTAINMENT INC

COMMON STOCKS

2,101,875

MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC

COMMON STOCKS

1,043,609

MEDLINE INC

COMMON STOCKS

670,866

MONGODB INC CL A

COMMON STOCKS

1,320,345

MONOLITHIC POWER SYS INC

COMMON STOCKS

1,170,111

PARSONS CORP

COMMON STOCKS

934,787

PENUMBRA INC

COMMON STOCKS

719,446

PURE STORAGE INC CL A

COMMON STOCKS

1,114,376

RBC BEARINGS INC

COMMON STOCKS

2,250,222

REDDIT INC A

COMMON STOCKS

1,324,281

ROBINHOOD MARKETS INC

COMMON STOCKS

829,023

ROBLOX CORP

COMMON STOCKS

1,760,539

ROKU INC CLASS A

COMMON STOCKS

524,007

SERVICETITAN INC-A

COMMON STOCKS

918,669

SHOPIFY INC CL A

COMMON STOCKS

2,234,747

SOMNIGROUP INTERNATIONAL INC

COMMON STOCKS

759,505

SPOTIFY TECHNOLOGY SA

COMMON STOCKS

2,502,860

SYNOPSYS INC

COMMON STOCKS

975,608

TELEDYNE TECHNOLOGIES INC

COMMON STOCKS

816,657

TEXAS ROADHOUSE INC

COMMON STOCKS

619,679

TOPBUILD CORP

COMMON STOCKS

866,086

TWIST BIOSCIENCE CORP

COMMON STOCKS

1,003,589

TYLER TECHNOLOGIES INC

COMMON STOCKS

1,552,055

US FOODS HOLDING CORP

COMMON STOCKS

1,978,280

VERACYTE INC

COMMON STOCKS

1,621,692

VIKING HOLDINGS LTD

COMMON STOCKS

1,595,014

VISTRA CORP

COMMON STOCKS

744,538

WATERS CORP

COMMON STOCKS

1,002,371

WAYSTAR HOLDING CORP

COMMON STOCKS

594,904

WESCO INTERNATIONAL INC

COMMON STOCKS

950,671

FirstEnergy Corp. Savings Plan

Schedule H, line 4i - Schedule of Assets (Held at End of Year)

December 31, 2025

#34-1843785 Plan 002

_________________________________________________________________________________________________________________________________________________________

(a)

(b)

(c)

(d)

(e)

Identity of issue, borrower, lessor or similar party

Description of investment, including maturity date, rate of interest, collateral, par or maturity value

Cost

Current Value

WEST PHARMACEUTICAL SVCS INC

COMMON STOCKS

3,090,097

WINGSTOP INC

COMMON STOCKS

1,300,963

WOODWARD INC

COMMON STOCKS

2,045,196

XYLEM INC

COMMON STOCKS

1,507,376

ZSCALER INC

COMMON STOCKS

1,140,119

Artisan Midcap Investor Fund Total

95,585,422

Total Investments

4,156,383,821

*Notes receivable from participants

Loans receivable with repayment interest of 4.25% to 9.75%

—

58,601,839

4,214,985,660

* Parties-in-interest

** Information is not required pursuant to Form 5500 instructions

EXHIBIT INDEX

FIRSTENERGY CORP. SAVINGS PLAN

Exhibit

Number Description

23.1 Consent of Independent Registered Public Accounting Firm

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Savings Plan Committee, the administrator of the FirstEnergy Corp. Savings Plan, has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.


			FIRSTENERGY CORP.
			SAVINGS PLAN
Date: June 26, 2026



By			/s/ Ana M. Fluke
			Ana M. Fluke
			Chairperson
			Savings Plan Committee

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Date	Price Target	Rating	Analyst
5/15/2026	$53.00	Hold → Buy	TD Cowen
4/17/2026	$56.00	Hold	TD Cowen
1/27/2026	$50.00	Peer Perform → Outperform	Wolfe Research
10/28/2025	$54.00	Overweight	Wells Fargo
10/15/2025		Overweight → Sector Weight	KeyBanc Capital Markets
10/8/2025	$53.00	Buy	Citigroup
8/25/2025	$49.00	Equal Weight → Overweight	Barclays
4/23/2025	$45.00	Underperform → Neutral	BofA Securities

SEC Form 11-K filed by FirstEnergy Corp.

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