Form 4: NRG Energy Executive Rasesh M. Patel Reports Stock Transaction to Cover Tax Obligations
SEC Form 4 Filing
Rasesh M. Patel, President of NRG Consumer, reports the disposition of 24,360 shares of NRG Energy stock to cover tax obligations related to vested Restricted Stock Units (RSUs).
Summary
- On May 16, 2025, Rasesh M. Patel, President of NRG Consumer, reported a transaction involving NRG Energy, Inc. common stock.
- The transaction involved the disposition of 24,360 shares to satisfy tax obligations related to the vesting of 61,905 Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $159.2.
- Following the transaction, Patel directly owns 145,091 shares of NRG Energy common stock.
- The RSUs were originally granted on May 16, 2022, and converted on March 10, 2023, under NRG's Long Term Incentive Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an executive's stock transaction for tax purposes. It doesn't convey any particularly positive or negative sentiment about the company's performance or future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects the standard practice of executives managing their equity compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Reporting Person's outstanding Restricted Stock Units (RSUs) originally granted on May 16, 2022 converted to 410,345 RSUs under NRG's Long Term Incentive Plan. |
| 05/16/2022 | Original grant date of Restricted Stock Units (RSUs). |
| 05/16/2025 | Date of transaction: 24,360 shares disposed of to cover tax obligations; 61,905 shares vested. |
| 05/20/2025 | Date of signature on the Form 4 filing. |
Keywords
NRG Energy, Rasesh M. Patel, Form 4, Stock Transaction, Restricted Stock Units, Tax Obligations, Beneficial Ownership, Insider Trading
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