Form 4: NRG Energy Executive VP Gaudette Reports Stock Transactions
SEC Form 4 Filing
Executive VP Robert J. Gaudette of NRG Energy, Inc. reports the vesting and tax-related surrender of shares and derivative securities.
Summary
- Robert J. Gaudette, Executive VP of NRG Energy, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On September 3, 2024, Gaudette had multiple transactions involving common stock, Relative Performance Stock Units (RPSUs), and Dividend Equivalent Rights (DERs).
- 6,422 RPSUs vested due to the satisfaction of certain performance conditions.
- An additional 693 DERs vested in connection with the RPSU vesting.
- Gaudette surrendered 284 shares of common stock to cover tax obligations related to the vesting of 651 Restricted Stock Units (RSUs) from a 2021 grant.
- He also surrendered 2,800 shares of common stock to cover tax obligations related to the vesting of RPSUs.
- Following these transactions, Gaudette beneficially owns 104,875 shares of NRG Energy common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions reported have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of earliest transaction: Vesting of RPSUs and DERs, surrender of shares for tax obligations. |
| 09/05/2024 | Date of signature on the Form 4 filing. |
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