Bruce Chung - 02 Jan 2026 Form 4 Insider Report for NRG ENERGY, INC. (NRG)

Role
EVP & CFO
Signature
Christine Zoino, by Power of Attorney
Issuer symbol
NRG
Transactions as of
02 Jan 2026
Net transactions value
-$6,691,122
Form type
4
Filing time
06 Jan 2026, 18:39:22 UTC
Previous filing
05 Nov 2025
Next filing
08 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Chung Bruce EVP & CFO 804 CARNEGIE CENTER, PRINCETON Christine Zoino, by Power of Attorney 06 Jan 2026 0001940921

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 +64,010 +93% $0.000000 132,625 02 Jan 2026 Direct F1
transaction NRG Common Stock, par value $.01 per share Options Exercise $849,742 +5,114 +3.9% $166.16 137,739 02 Jan 2026 Direct F2
transaction NRG Common Stock, par value $.01 per share Award $0 +4,626 +3.4% $0.000000 142,365 02 Jan 2026 Direct F3
transaction NRG Common Stock, par value $.01 per share Tax liability $258,877 -1,558 -1.1% $166.16 140,807 02 Jan 2026 Direct F4
transaction NRG Common Stock, par value $.01 per share Tax liability $463,088 -2,787 -2% $166.16 138,020 02 Jan 2026 Direct F5
transaction NRG Common Stock, par value $.01 per share Tax liability $584,219 -3,516 -2.5% $166.16 134,504 02 Jan 2026 Direct F6
transaction NRG Common Stock, par value $.01 per share Tax liability $5,874,919 -35,357 -26% $166.16 99,147 02 Jan 2026 Direct F7
transaction NRG Common Stock, par value $.01 per share Sale $1,209,503 -7,617 -7.7% $158.79 91,530 06 Jan 2026 Direct F8

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 $849,742 +5,114 $166.16 5,114 02 Jan 2026 Common Stock, par value $.01 per share 5,114 $0.000000 Direct
transaction NRG Relative Performance Stock Units Options Exercise $0 -64,010 -100% $0.000000 0 02 Jan 2026 Common Stock, par value $.01 per share 64,010 $0.000000 Direct
transaction NRG Relative Performance Stock Units Award $0 +9,393 $0.000000 9,393 02 Jan 2026 Common Stock, par value $.01 per share 9,393 $0.000000 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The Reporting Person was issued 64,010 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, 2026.
F2 In connection with the vesting of the RPSUs described above, an incremental 5,114 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 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.
F4 On January 2, 2025, the Reporting Person was issued 9,028 RSUs by NRG under the LTIP. On January 2, 2026, 3,006 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 1,558 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 40 DERs vested, resulting in the Reporting Person holding 409 DERs in the aggregate.
F5 On January 2, 2024, the Reporting Person was issued 15,776 RSUs by NRG under the LTIP. On January 2, 2026, 5,253 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 2,787 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 195 DERs vested, resulting in the Reporting Person holding 449 DERs in the aggregate.
F6 On January 2, 2023, the Reporting Person was issued 19,365 RSUs by NRG under the LTIP. On January 2, 2026, 6,468 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 3,516 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 516 DERs vested, resulting in the Reporting Person holding 644 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 35,357 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F8 This transaction was executed in multiple trades. The price reported reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F9 On January 2, 2026, the Reporting Person was issued 9,393 RPSUs by NRG under the LTIP that vest on January 2, 2029, subject to certain performance conditions.