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

Role
Exec VP, Chief Admin Officer
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Jan 2, 2025
Transactions value $
-$1,962,497
Form type
4
Date filed
1/6/2025, 05:04 PM
Previous filing
Jan 6, 2025
Next filing
Feb 5, 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 +16.3K +31.91% $0.00 67.5K Jan 2, 2025 Direct F1, F2
transaction NRG Common Stock, par value $.01 per share Award $0 +5.12K +7.57% $0.00 72.7K Jan 2, 2025 Direct F3
transaction NRG Common Stock, par value $.01 per share Options Exercise $158K +1.7K +2.35% $92.75 74.4K Jan 2, 2025 Direct F4
transaction NRG Common Stock, par value $.01 per share Tax liability -$43.4K -468 -0.63% $92.75 73.9K Jan 2, 2025 Direct F5
transaction NRG Common Stock, par value $.01 per share Tax liability -$53.9K -581 -0.79% $92.75 73.3K Jan 2, 2025 Direct F6
transaction NRG Common Stock, par value $.01 per share Tax liability -$63.8K -688 -0.94% $92.75 72.6K Jan 2, 2025 Direct F7
transaction NRG Common Stock, par value $.01 per share Tax liability -$602K -6.49K -8.94% $92.75 66.1K 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 $158K +1.7K $92.75 1.7K Jan 2, 2025 Common Stock, par value $.01 per share 1.7K $0.00 Direct
transaction NRG Relative Performance Stock Units Options Exercise -$1.52M -16.3K -100% $92.75 0 Jan 2, 2025 Common Stock, par value $.01 per share 16.3K Direct F9
transaction NRG Relative Performance Stock Units Award $0 +8.05K $0.00 8.05K Jan 2, 2025 Common Stock, par value $.01 per share 8.05K $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 16,338 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 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 1,704 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, 2024, the Reporting Person was issued 5,634 RSUs by NRG under the LTIP. On January 2, 2025, 1,876 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 468 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 44 DERs vested, resulting in the Reporting Person holding 1,204 DERs in the aggregate.
F6 On January 2, 2022, the Reporting Person was issued 5,362 RSUs by NRG under the LTIP. On January 2, 2025, 1,791 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 581 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 186 DERs vested, resulting in the Reporting Person holding 1,018 DERs in the aggregate.
F7 On January 2, 2023, the Reporting Person was issued 7,986 RSUs by NRG under the LTIP. On January 2, 2025, 2,659 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 688 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 174 DERs vested, resulting in the Reporting Person holding 844 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 6,492 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 8,054 RPSUs by NRG under the LTIP that vest on January 2, 2028, subject to certain performance conditions.