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

Role
Exec VP, Chief Technology Ofc.
Signature
Christine Zoino, by Power of Attorney
Stock symbol
NRG
Transactions as of
Jan 2, 2025
Transactions value $
-$2,100,695
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 +17.5K +39.7% $0.00 61.6K Jan 2, 2025 Direct F1, F2
transaction NRG Common Stock, par value $.01 per share Award $0 +4.45K +7.22% $0.00 66K Jan 2, 2025 Direct F3
transaction NRG Common Stock, par value $.01 per share Options Exercise $169K +1.83K +2.76% $92.75 67.9K Jan 2, 2025 Direct F4
transaction NRG Common Stock, par value $.01 per share Tax liability -$41.1K -443 -0.65% $92.75 67.4K Jan 2, 2025 Direct F5
transaction NRG Common Stock, par value $.01 per share Tax liability -$57K -615 -0.91% $92.75 66.8K Jan 2, 2025 Direct F6
transaction NRG Common Stock, par value $.01 per share Tax liability -$66.9K -721 -1.08% $92.75 66.1K Jan 2, 2025 Direct F7
transaction NRG Common Stock, par value $.01 per share Tax liability -$651K -7.02K -10.63% $92.75 59.1K 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 $169K +1.83K $92.75 1.83K Jan 2, 2025 Common Stock, par value $.01 per share 1.83K $0.00 Direct
transaction NRG Relative Performance Stock Units Options Exercise -$1.62M -17.5K -100% $92.75 0 Jan 2, 2025 Common Stock, par value $.01 per share 17.5K Direct F9
transaction NRG Relative Performance Stock Units Award $0 +7K $0.00 7K Jan 2, 2025 Common Stock, par value $.01 per share 7K $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 17,498 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 1,825 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 5,339 RSUs by NRG under the LTIP. On January 2, 2025, 1,777 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 443 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 41 DERs vested, resulting in the Reporting Person holding 1,133 DERs in the aggregate.
F6 On January 2, 2022, the Reporting Person was issued 5,743 RSUs by NRG under the LTIP. On January 2, 2025, 1,919 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 615 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 200 DERs vested, resulting in the Reporting Person holding 933 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, 2025, 2,780 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 721 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 182 DERs vested, resulting in the Reporting Person holding 751 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 7,022 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 7,003 RPSUs by NRG under the LTIP that vest on January 2, 2028, subject to certain performance conditions.