Bruce Chung - Jan 2, 2023 Form 4 Insider Report for NRG ENERGY, INC. (NRG)

Role
EVP, Strategy and NRG Services
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Jan 2, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:53 PM
Previous filing
Nov 3, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRG Common Stock, par value $.01 per share Award $0 +19.4K +70.51% $0.00 46.8K Jan 2, 2023 Direct F1
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -628 -1.34% $0.00 46.2K Jan 2, 2023 Direct F2
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -643 -1.39% $0.00 45.6K Jan 2, 2023 Direct F3
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -861 -1.89% $0.00 44.7K Jan 2, 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRG Relative Performance Stock Units Other $0 -8.07K -100% $0.00* 0 Jan 2, 2023 Common Stock, par value $.01 per share 8.07K Direct F5
transaction NRG Relative Performance Stock Units Award $0 +32K $0.00 32K Jan 2, 2023 Common Stock, par value $.01 per share 32K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Restricted Stock Units ("RSUs") issued to the Reporting Person under the LTIP. Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01 per share ("Common Stock"). The Reporting Person will receive from NRG one such share of Common Stock for each RSU that will vest ratably over a three-year period beginning on the first anniversary date of the grant.
F2 On January 2, 2020, the Reporting Person was issued 4,283 RSUs by NRG under the LTIP. On January 2, 2023, 1,431 shares vested. The Reporting Person elected to satisfy their tax obligation upon the exchange of Common Stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 628 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 156 DERs vested, resulting in the Reporting Person holding 503 DERs in the aggregate.
F3 On January 2, 2021, the Reporting Person was issued 4,559 RSUs by NRG under the LTIP. On January 2, 2023, 1,518 shares vested. The Reporting Person elected to satisfy their tax obligation upon the exchange of Common Stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 643 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 107 DERs vested, resulting in the Reporting Person holding 396 DERs in the aggregate.
F4 On January 2, 2022, the Reporting Person was issued 6,502 RSUs by NRG under the LTIP. On January 2, 2023, 2,165 shares vested. The Reporting Person elected to satisfy their tax obligation upon the exchange of Common Stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 861 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 78 DERs vested, resulting in the Reporting Person holding 318 DERs in the aggregate.
F5 The Reporting Person did not vest in shares associated with RPSUs granted on January 2, 2020 because of performance conditions.
F6 On January 2, 2023, the Reporting Person was issued 32,005 RPSUs by NRG under the LTIP that vest on January 2, 2026, subject to certain performance conditions.