NRG Energy (NYSE: NRG) EVP adds 30 dividend-equivalent rights in Form 4

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

NRG Energy executive Virginia Kinney reported an automatic equity-based award. On May 1, 2026, she acquired 30 dividend equivalent rights tied to NRG common stock at no cash cost, classified as a grant or award acquisition.

Each dividend equivalent right is economically equal to one share of NRG common stock and becomes exercisable proportionately with the related deferred stock units or restricted stock units, settling only in NRG common stock. Following this award, Kinney directly holds 55,525 shares or equivalents, including 272 dividend equivalent rights.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Kinney Virginia

Role Exec VP, Chief Admin Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	30	$0.00	--

Holdings After Transaction: Common Stock, par value $.01 per share — 55,525 shares (Direct, null)

Footnotes (1)

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Key Figures

Dividend equivalent rights granted: 30 rights Holdings after transaction: 55,525 shares or equivalents Total dividend equivalent rights included: 272 rights

3 metrics

Dividend equivalent rights granted 30 rights Grant/award on May 1, 2026

Holdings after transaction 55,525 shares or equivalents Direct ownership following grant

Total dividend equivalent rights included 272 rights Economic equivalent of NRG common shares

Key Terms

dividend equivalent rights, deferred stock units, restricted stock units

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on the Reporting Person's deferred stock units"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

deferred stock units financial

"accrued on the Reporting Person's deferred stock units and or restricted stock units"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

restricted stock units financial

"accrued on the Reporting Person's deferred stock units and or restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 04:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kinney Virginia

(Last)

(First)

(Middle)

804 CARNEGIE CENTER

(Street)

PRINCETON

NEW JERSEY

08540

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NRG ENERGY, INC. [ NRG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Exec VP, Chief Admin Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $.01 per share	05/01/2026		A		30	A	⁽¹⁾	55,525	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents dividend equivalent rights accrued on the Reporting Person's deferred stock units and or restricted stock units, which become exercisable proportionately with the underlying units to which they are related and may only be settled in NRG common stock. Each dividend right is the economic equivalent of one share of NRG common stock. Includes 272 dividend equivalent rights.

	/s/ Christine Zoino, by Power of Attorney	05/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did NRG (NRG) executive Virginia Kinney report?

Virginia Kinney reported an automatic equity-based award. On May 1, 2026, she acquired 30 dividend equivalent rights tied to NRG common stock at no cash cost, classified as a grant or award acquisition on this Form 4 filing.

How many NRG (NRG) shares or equivalents does Virginia Kinney hold after this Form 4?

After the reported grant, Virginia Kinney directly holds 55,525 shares or equivalents of NRG common stock. This total includes 272 dividend equivalent rights that are economically equal to common shares and settle in NRG stock when related units become exercisable.

What are dividend equivalent rights in the NRG (NRG) Form 4 for Virginia Kinney?

Dividend equivalent rights are awards that mirror dividends on underlying deferred or restricted stock units. Each right is economically equal to one NRG common share and becomes exercisable proportionately with those units, settling only in NRG common stock rather than in cash.

Was Virginia Kinney’s NRG (NRG) Form 4 transaction an open-market buy or a grant?

The transaction was a grant or award acquisition, not an open-market purchase. The Form 4 uses transaction code A, indicating a grant of 30 dividend equivalent rights with a reported price of $0.0000 per right, reflecting no cash paid by the insider.

Does the NRG (NRG) Form 4 for Virginia Kinney involve any derivative securities?

The filing shows no new derivative security transactions. The reported activity relates to 30 dividend equivalent rights that track deferred or restricted stock units and are economically equivalent to NRG common stock, with no separate option or warrant exercise disclosed.