Form 4: NRG Energy Executive Rasesh M. Patel Reports Stock Disposal for Tax Obligations

Rasesh M. Patel, President of NRG Consumer, disposed of 3,930 shares of NRG Energy, Inc. common stock on March 31, 2024, to cover tax obligations related to vested Restricted Stock Units (RSUs).

Summary

• On March 31, 2024, Rasesh M. Patel, President of NRG Consumer, reported a transaction involving NRG Energy, Inc. common stock.
• The transaction involved the disposal of 3,930 shares to satisfy tax obligations arising from the vesting of 9,987 Restricted Stock Units (RSUs).
• The shares were surrendered at a price of $0.0000 per share to cover the withholding obligation.
• Following the transaction, Patel directly owns 353,032 shares of NRG Energy, Inc.
• Additionally, 363 Dividend Equivalent Rights vested, resulting in the Reporting Person holding 870 DERs in the aggregate.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It doesn't necessarily reflect a broader industry trend but is specific to the individual's compensation and tax planning.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders, as it's a routine stock disposal for tax purposes and doesn't indicate a change in the executive's long-term commitment to the company.

Key Dates