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

Role
President & CEO, Director
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
Dec 16, 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 +120K +10.83% $0.00 1.23M Jan 2, 2023 Direct F1
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -4.62K -0.38% $0.00 1.23M Jan 2, 2023 Direct F2
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -4.99K -0.41% $0.00 1.22M Jan 2, 2023 Direct F3
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -8.17K -0.67% $0.00 1.21M 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 -83.6K -100% $0.00* 0 Jan 2, 2023 Common Stock, par value $.01 per share 83.6K Direct F5
transaction NRG Relative Performance Stock Units Award $0 +199K $0.00 199K Jan 2, 2023 Common Stock, par value $.01 per share 199K $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 48,401 RSUs by NRG under the LTIP. On January 2, 2023, 16,166 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 4,622 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 1,765 DERs vested, resulting in the Reporting Person holding 4,981 DERs in the aggregate.
F3 On January 2, 2021, the Reporting Person was issued 50,012 RSUs by NRG under the LTIP. On January 2, 2023, 16,654 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 4,992 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 1,176 DERs vested, resulting in the Reporting Person holding 3,805 DERs in the aggregate.
F4 On January 2, 2022, the Reporting Person was issued 60,157 RSUs by NRG under the LTIP. On January 2, 2023, 20,032 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 8,168 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 726 DERs vested, resulting in the Reporting Person holding 3,079 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 198,921 RPSUs by NRG under the LTIP that vest on January 2, 2026, subject to certain performance conditions.