Brian Curci - Jan 2, 2025 Form 4 Insider Report for NRG ENERGY, INC. (NRG)

Role
Exec VP & General Counsel
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Jan 2, 2025
Transactions value $
-$3,828,627
Form type
4
Date filed
1/6/2025, 05:04 PM
Previous 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 +29.2K +30.89% $0.00 124K Jan 2, 2025 Direct F1
transaction NRG Common Stock, par value $.01 per share Award $0 +7.47K +6.04% $0.00 131K Jan 2, 2025 Direct F2
transaction NRG Common Stock, par value $.01 per share Options Exercise $282K +3.04K +2.32% $92.75 134K Jan 2, 2025 Direct F3
transaction NRG Common Stock, par value $.01 per share Tax liability -$99K -1.07K -0.8% $92.75 133K Jan 2, 2025 Direct F4
transaction NRG Common Stock, par value $.01 per share Tax liability -$152K -1.64K -1.23% $92.75 131K Jan 2, 2025 Direct F5
transaction NRG Common Stock, par value $.01 per share Tax liability -$169K -1.82K -1.38% $92.75 130K Jan 2, 2025 Direct F6
transaction NRG Common Stock, par value $.01 per share Tax liability -$1.27M -13.7K -10.54% $92.75 116K Jan 2, 2025 Direct F7

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 $282K +3.04K $92.75 3.04K Jan 2, 2025 Common Stock, par value $.01 per share 3.04K $0.00 Direct
transaction NRG Relative Performance Stock Units Options Exercise -$2.71M -29.2K -100% $92.75 0 Jan 2, 2025 Common Stock, par value $.01 per share 29.2K $0.00 Direct
transaction NRG Relative Performance Stock Units Award $0 +11.8K $0.00 11.8K Jan 2, 2025 Common Stock, par value $.01 per share 11.8K $0.00 Direct F8
* 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 29,176 Relative Performance Stock Units ("RPSUs") by NRG Energy, Inc. under NRG's Amended and Restated Long-Term Incentive Plan ("LTIP") that vested subject to certain performance conditions on January 2, 2025.
F2 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.
F3 In connection with the vesting of the RPSUs described above, an incremental 3,043 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.
F4 On January 2, 2022, the Reporting Person was issued 9,575 RSUs by NRG under the LTIP. On January 2, 2025, 3,199 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 1,067 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 333 DERs vested, resulting in the Reporting Person holding 1,100 DERs in the aggregate.
F5 On January 2, 2024, the Reporting Person was issued 11,955 RSUs by NRG under the LTIP. On January 2, 2025, 3,981 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 1,636 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 93 DERs vested, resulting in the Reporting Person holding 1,007 DERs in the aggregate.
F6 On January 2, 2023, the Reporting Person was issued 18,693 RSUs by NRG under the LTIP. On January 2, 2025, 6,225 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 1,819 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 408 DERs vested, resulting in the Reporting Person holding 599 DERs in the aggregate.
F7 The Reporting Person elected to satisfy their tax withholding obligation upon the exchange of Common Stock for RPSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 13,667 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F8 On January 2, 2025, the Reporting Person was issued 11,765 RPSUs by NRG under the LTIP that vest on January 2, 2028, subject to certain performance conditions.