Bruce Chung - Jan 2, 2025 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: Jan 2, 2025
Transactions value $: -$3,027,082
Form type: 4
Date filed: 1/6/2025, 05:04 PM
Previous filing: Nov 5, 2024
Next filing: Jan 13, 2025
SEC: View on sec.gov

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	+19.8K	+26.24%	$0.00	95.3K	Jan 2, 2025	Direct	F1, F2
transaction	NRG	Common Stock, par value $.01 per share	Award	$0	+9.03K	+9.47%	$0.00	104K	Jan 2, 2025	Direct	F3
transaction	NRG	Common Stock, par value $.01 per share	Options Exercise	$192K	+2.07K	+1.98%	$92.75	106K	Jan 2, 2025	Direct	F4
transaction	NRG	Common Stock, par value $.01 per share	Tax liability	-$85.3K	-920	-0.86%	$92.75	105K	Jan 2, 2025	Direct	F5
transaction	NRG	Common Stock, par value $.01 per share	Tax liability	-$218K	-2.35K	-2.23%	$92.75	103K	Jan 2, 2025	Direct	F6
transaction	NRG	Common Stock, par value $.01 per share	Tax liability	-$231K	-2.5K	-2.42%	$92.75	101K	Jan 2, 2025	Direct	F7
transaction	NRG	Common Stock, par value $.01 per share	Tax liability	-$1.04M	-11.2K	-11.12%	$92.75	89.5K	Jan 2, 2025	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	$192K	+2.07K		$92.75	2.07K	Jan 2, 2025	Common Stock, par value $.01 per share	2.07K	$0.00	Direct
transaction	NRG	Relative Performance Stock Units	Options Exercise	-$1.84M	-19.8K	-100%	$92.75	0	Jan 2, 2025	Common Stock, par value $.01 per share	19.8K		Direct	F9
transaction	NRG	Relative Performance Stock Units	Award	$0	+14.2K		$0.00	14.2K	Jan 2, 2025	Common Stock, par value $.01 per share	14.2K	$0.00	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 19,810 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 January 2, 2025.
F2	Unit price is $92.75.
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 2,066 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, 2022, the Reporting Person was issued 6,502 RSUs by NRG under the LTIP. On January 2, 2025, 2,172 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 920 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 226 DERs vested, resulting in the Reporting Person holding 1,417 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, 2025, 6,449 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 2,354 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 423 DERs vested, resulting in the Reporting Person holding 994 DERs in the aggregate.
F7	On January 2, 2024, the Reporting Person was issued 15,776 RSUs by NRG under the LTIP. On January 2, 2025, 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 2,495 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 123 DERs vested, resulting in the Reporting Person holding 871 DERs in the aggregate.
F8	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 11,190 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.
F9	Conversion price is not applicable.
F10	On January 2, 2025, the Reporting Person was issued 14,216 RPSUs by NRG under the LTIP that vest on January 2, 2028, subject to certain performance conditions.