- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2020-01-07 17:20:49
- Reporting Period:
- Accepted Time:
- 2020-01-07 17:20:49
- SEC Url:
- Form 4 Filing
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1505252||J Robert Gaudette||Nrg Energy, Inc. |
804 Carnegie Center
Princeton NJ 08540
|Senior Vp, Business Solutions||No||Yes||No||No|
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Common Stock, Par Value $.01 Per Share||Disposition||2020-01-06||5,142||$0.00||86,557||No||4||F||Direct|
|Common Stock, Par Value $.01 Per Share||Disposition||2020-01-06||37,272||$37.76||49,285||No||4||S||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
- On January 6, 2017, Mr. Gaudette was issued 38,618 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01. On January 6, 2020, 12,899 shares vested. Mr. Gaudette elected to satisfy his 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 5,142 shares of common stock to satisfy the grantee's tax withholding obligation.
- In connection with the vesting of the RSUs described above, 168 DERs vested, resulting in the reporting person holding 29 dividend equivalent rights in the aggregate. Dividend equivalent rights accrue on the reporting person's restricted stock units, market stock units or relative performance stock units, which become exercisable proportionately with the 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.
- This transaction was executed in multiple trades at prices ranging from $37.53 to $38.15. 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 on December 11, 2019.