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Filing Details

Accession Number:: 0001179110-19-000539
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-01-07 20:58:36
Reporting Period:: 2018-01-03

Accepted Time:: 2019-01-07 20:58:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1013871	Nrg Energy Inc.	NRG	Electric Services (4911)	411724239

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1726304	Christopher Moser	Nrg Energy, Inc. 804 Carnegie Center Princeton NJ 08540	Exec Vice Pres, Operations	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $.01 Per Share	Disposition	2019-01-03	1,540	$0.00	67,860	No	4	F	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2019-01-04	5,852	$0.00	62,008	No	4	F	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2019-01-04	49,812	$0.00	111,820	No	4	M	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2019-01-04	1,539	$0.00	113,359	No	4	M	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2019-01-04	21,783	$0.00	91,576	No	4	F	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2019-01-04	14,200	$19.83	105,776	No	4	A	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2019-01-04	6,100	$20.86	111,876	No	4	A	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2019-01-04	16,925	$38.51	94,951	No	4	S	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2019-01-04	17,371	$37.96	77,580	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	F	Direct
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	A	Direct
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $.01 Per Share	Market Stock Units	Disposition	2019-01-04	49,812	$0.00	24,906	$0.00
Common Stock, Par Value $.01 Per Share	Employee Stock Option (right to buy)	Disposition	2019-01-04	14,200	$0.00	14,200	$19.83
Common Stock, Par Value $.01 Per Share	Dividend Equivalent Rights	Disposition	2019-01-04	1,539	$0.00	1,539	$0.00
Common Stock, Par Value $.01 Per Share	Employee Stock Option (right to buy)	Disposition	2018-01-04	6,100	$0.00	16,700	$20.86

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2019-01-04	2019-01-04	No	4	M	Direct
2011-01-03	2021-01-03	No	4	M	Direct
	2019-01-04	No	4	M	Direct
2010-10-15	2020-01-04	No	4	M	Direct

Footnotes

On January 3, 2017, Mr. Moser was issued 16,752 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 3, 2019, 5,584 shares vested. Mr. Moser 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 1,540 shares of common stock to satisfy the grantee's tax withholding obligation.
In connection with the vesting of the RSUs described above, 55 DERs vested. 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.
On January 4, 2018, Mr. Moser was issued 46,986 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 4, 2019, 15,662 shares vested. Mr. Moser 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 5,852 shares of common stock to satisfy the grantee's tax withholding obligation.
In connection with the vesting of the RSUs described above, 484 DERs vested. 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.
The Reporting Person was issued 24,906 Market Stock Units by NRG under the LTIP on January 4, 2016 that vested on January 4, 2019. On the vesting date the Reporting Person was entitled to receive a maximum of 49,812 shares of Common Stock if the company achieved 100% increase in total shareholder return since the grant date (the "Maximum"), 24,906 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target") or 18,679 shares of Common Stock if there is a 25% decrease in total shareholder return since the grant date (the "Threshold"). The Reporting Person would not have received any shares of Common Stock if total shareholder return had decreased by more than 25% since the grant date. The number of shares that the Reporting Person could have received in interpolated for total shareholder return fall between Threshold, Target and Maximum levels. On January 4, 2019 he vested in 49,812 shares.
In connection with the vesting of the MSUs described above, an incremental 1,539 DERs vested. 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.
The Reporting Person elected to satisfy his tax withholding obligation upon the exchange of common stock for MSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 21,783 shares of common stock to satisfy the grantee's tax withholding obligation.
This transaction was executed in multiple trades at prices ranging from $37.93 to $38.88. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction also reflects the reporting person's sale of shares to cover the exercise price and tax obligation related to the exercise of the employee stock option.
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 17, 2018.
Includes 1,196 DERs.