Bruce Chung - Sep 3, 2024 Form 4 Insider Report for NRG ENERGY, INC. (NRG)

Role
EVP & CFO
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Sep 3, 2024
Transactions value $
-$463,348
Form type
4
Date filed
9/5/2024, 06:31 PM
Previous filing
Aug 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 +5.81K +8.01% $0.00 78.3K Sep 3, 2024 Direct F1
transaction NRG Common Stock, par value $.01 per share Options Exercise $0 +627 +0.8% $0.00 79K Sep 3, 2024 Direct F2
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -334 -0.42% $0.00 78.6K Sep 3, 2024 Direct F3, F4
transaction NRG Common Stock, par value $.01 per share Tax liability $0 -3.29K -4.19% $0.00 75.3K 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 -627 -100% $0.00 0 Sep 3, 2024 Common Stock, par value $.01 per share 627 $0.00 Direct
transaction NRG Relative Performance Stock Units Options Exercise -$463K -5.81K -100% $79.75 0 Sep 3, 2024 Common Stock, par value $.01 per share 5.81K Direct F6
* 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 5,810 Relative Performance Stock Units (RPSUs) by NRG Energy, Inc. (NRG) under the NRG 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 627 DERs vested. Dividend equivalent rights accrue on the Reporting Person's restricted stock units, market stock units or relative performance stock units to which they relate and may only be settled in NRG common stock. Each dividend equivalent right is the economic equivalent of one share of NRG common stock.
F3 On September 3, 2021, the Reporting Person was issued 1,762 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, 589 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 334 shares of common stock to satisfy the grantee's tax withholding obligation.
F4 In connection with the vesting of the RSUs described above, 63 DERs vested, resulting in the Reporting Person holding 1,470 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 units 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 3,293 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F6 Conversion Price not applicable.