Robert J. Gaudette - Sep 3, 2024 Form 4 Insider Report for NRG ENERGY, INC. (NRG)

Role
Exec VP, NRG Business
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Sep 3, 2024
Transactions value $
-$512,155
Form type
4
Date filed
9/5/2024, 06:31 PM
Previous filing
Aug 5, 2024
Next filing
Nov 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRG Common Stock, par value $.01 per share Options Exercise $0 +6.42K +6.37% $0.00 107K Sep 3, 2024 Direct F1
transaction NRG Common Stock, par value $.01 per share Options Exercise $0 +693 +0.65% $0.00 108K Sep 3, 2024 Direct F2
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -284 -0.26% $0.00 108K Sep 3, 2024 Direct F3, F4
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -2.8K -2.6% $0.00 105K Sep 3, 2024 Direct F5

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 Dividend Equivalent Rights Options Exercise $0 -693 -100% $0.00 0 Sep 3, 2024 Common Stock, par value $.01 per share 693 $0.00 Direct F6
transaction NRG Relative Performance Stock Units Options Exercise -$512K -6.42K -100% $79.75 0 Sep 3, 2024 Common Stock, par value $.01 per share 6.42K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was issued 6,422 Relative Performance Stock Units (RPSUs) by NRG Energy, Inc. (NRG) under NRG's Amended and Restated Long-Term Incentive Plan (LTIP) that vested subject to certain performance conditions on September 3, 2024.
F2 In connection with the vesting of the RPSUs described above, an incremental 693 Dividend Equivalent Rights (DERs) vested. Each DER is the economic equivalent of one share of Common Stock.
F3 On September 3, 2021, the Reporting Person was issued 1,947 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Each RSU is equivalent in value to one share of NRG's common stock, par value $.01. On September 3, 2024, 651 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 284 shares of common stock to satisfy the grantee's tax withholding obligation.
F4 In connection with the vesting of the RSUs described above, 70 DERs vested, resulting in the Reporting Person holding 1,342 dividend equivalent rights in the aggregate. Dividend equivalent rights accrue on the Reporting Person's restricted stock units or relative performance stock units, which become exercisable proportionately with the restricted stock unite or relative performance stock units.
F5 The Reporting Person elected to satisfy their tax withholding obligation upon the exchange of Common Stock for Relative Performance Stock Units (RPSUs) having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 2,800 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F6 Conversion price not applicable.