SEC Form 4 · accession 0001179110-18-000637
NRG ENERGY, INC. · NRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John V Chillemi
Officer — Executive VP,Nat'l Bus. Dev.
Period of report
Jan 3, 2018
Accepted (ET)
Jan 5, 2018 · 5:37 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001013871
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value, $.01 per shareF1,F2 | Jan 3, 2018 | F | 4,590 | — | D | 78,291 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 3, 2017 Mr. Chillemi was issued 26,253 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG's Stock Plan for GenOn Employees Long Term Incentive Plan ("LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01. On January 3, 2018, 8,742 shares vested. Mr. Chillemi 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 4,590 shares of common stock to satisfy the grantee's tax withholding obligation.
- F253 DERs converted in NRG common stock in connection with the vesting of the RSUs described above. Following these transactions, the reporting person holds 1,875 DERs in the aggregate. Dividend equivalent rights accrue on the reporting person's restricted stock units or market stock units which become exercisable proportionately with the restricted stock units or market 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.