SEC Form 4 · accession 0001179110-19-000571
NRG ENERGY, INC. · NRG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert J Gaudette
Officer — Senior VP, Business Solutions
Period of report
Jan 6, 2019
Accepted (ET)
Jan 8, 2019 · 5:23 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 6, 2019 | F | 5,111 | — | A | 90,392 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On January 6, 2017, Mr. Gaudette was issued 38,619 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, 2019, 12,860 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 5,111 shares of common stock to satisfy the grantee's tax withholding obligation.
- F2In connection with the vesting of the RSUs described above, 128 DERs vested, resulting in the reporting person holding 202 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.