Form 4: NRG Energy EVP & CFO Bruce Chung Reports Changes in Beneficial Ownership

Bruce Chung, EVP & CFO of NRG Energy, reports the disposition of 1,226 shares of common stock to satisfy tax obligations related to vested Restricted Stock Units (RSUs).

Summary

• On June 5, 2024, Bruce Chung, the EVP & CFO of NRG Energy, reported a change in beneficial ownership of NRG Energy, Inc. shares.
• The change involved the disposition of 1,226 shares of common stock to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
• The shares were surrendered to cover the tax withholding obligation associated with the vesting of 6,975 RSUs issued on June 5, 2023, under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan.
• Following the transaction, Chung directly owns 72,317 shares of NRG Energy common stock.
• Additionally, 74 Dividend Equivalent Rights (DERs) vested, resulting in Chung holding 1,326 DERs in total.

Sentiment

Score: 5

Explanation: This is a neutral event related to routine executive compensation and tax management. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing indicates the executive is managing their tax obligations related to equity compensation.

Key Dates