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

Role
Exec VP, Chief Technology Ofc.
Signature
Christine Zoino, by Power of Attorney
Issuer symbol
NRG
Transactions as of
02 Jan 2026
Net transactions value
-$6,226,348
Form type
4
Filing time
06 Jan 2026, 18:42:29 UTC
Previous filing
05 Nov 2025
Next filing
04 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Liyanearachchi Dak Exec VP, Chief Technology Ofc. 804 CARNEGIE CENTER, PRINCETON Christine Zoino, by Power of Attorney 06 Jan 2026 0002049789

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 +27,596 +60% $0.000000 73,415 02 Jan 2026 Direct F1, F2
transaction NRG Common Stock, par value $.01 per share Award $0 +2,301 +3.1% $0.000000 75,716 02 Jan 2026 Direct F3
transaction NRG Common Stock, par value $.01 per share Options Exercise $366,383 +2,205 +2.9% $166.16 77,921 02 Jan 2026 Direct F4
transaction NRG Common Stock, par value $.01 per share Tax liability $98,034 -590 -0.76% $166.16 77,331 02 Jan 2026 Direct F5
transaction NRG Common Stock, par value $.01 per share Tax liability $120,632 -726 -0.94% $166.16 76,605 02 Jan 2026 Direct F6
transaction NRG Common Stock, par value $.01 per share Tax liability $206,537 -1,243 -1.6% $166.16 75,362 02 Jan 2026 Direct F7
transaction NRG Common Stock, par value $.01 per share Tax liability $1,948,558 -11,727 -16% $166.16 63,635 02 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 $366,383 +2,205 $166.16 2,205 02 Jan 2026 Common Stock, par value $.01 per share 2,205 $0.000000 Direct
transaction NRG Relative Performance Stock Units Options Exercise $4,585,351 -27,596 -100% $166.16 0 02 Jan 2026 Common Stock, par value $.01 per share 27,596 Direct F9
transaction NRG Relative Performance Stock Units Award $0 +4,672 $0.000000 4,672 02 Jan 2026 Common Stock, par value $.01 per share 4,672 $0.000000 Direct F10
* 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 27,596 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 Unit price is $0.00.
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 In connection with the vesting of the RPSUs described above, an incremental 2,205 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.
F5 On January 2, 2025, the Reporting Person was issued 4,447 RSUs by NRG under the LTIP. On January 2, 2026, 1,480 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 590 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 19 DERs vested, resulting in the Reporting Person holding 107 DERs in the aggregate.
F6 On January 2, 2024, the Reporting Person was issued 5,339 RSUs by NRG under the LTIP. On January 2, 2026, 1,778 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 726 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 66 DERs vested, resulting in the Reporting Person holding 126 DERs in the aggregate.
F7 On January 2, 2023, the Reporting Person was issued 8,349 RSUs by NRG under the LTIP. On January 2, 2026, 2,789 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 1,243 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 222 DERs vested, resulting in the Reporting Person holding 192 DERs in the aggregate.
F8 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 11,727 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F9 Conversion price is $0.00.
F10 On January 2, 2026, the Reporting Person was issued 4,672 RPSUs by NRG under the LTIP that vest on January 2, 2029, subject to certain performance conditions.