STOCK TITAN

Director Heather Cox receives 1,422-share equity award at NRG (NYSE: NRG)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NRG Energy director Heather Cox reported a stock award under the company’s long-term incentive plan. On June 1, 2026, she acquired 1,422 shares of NRG common stock at no cost through Deferred Stock Units, each equivalent in value to one share.

After this grant and related conversion, Cox directly holds 43,611 shares of NRG common stock, which includes 1,745 Dividend Equivalent Rights that track dividends on prior awards. The transaction reflects routine equity compensation rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider Cox Heather
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 per share 1,422 $0.00 --
Holdings After Transaction: Common Stock, par value $.01 per share — 43,611 shares (Direct, null)
Footnotes (1)
  1. Represents 1,422 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan. Each Deferred Stock Unit was equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $.01 per share. On June 1, 2026, the Reporting Person received from NRG Energy, Inc. one such share of Common Stock in exchange for each Deferred Stock Unit they were issued on that same date. Includes 1,745 Dividend Equivalent Rights.
Stock award shares 1,422 shares Deferred Stock Units converted to NRG common stock on June 1, 2026
Award price $0.00 per share Grant/award acquisition under Long-Term Incentive Plan
Shares after transaction 43,611 shares Total NRG common stock directly held by Heather Cox following the award
Dividend Equivalent Rights 1,745 units Included within Cox’s post-transaction holdings of NRG equity
Transaction type Grant, award, or other acquisition SEC Form 4 code A, classified as acquisition
Deferred Stock Units financial
"Represents 1,422 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan."
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.
Long-Term Incentive Plan financial
"Represents 1,422 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Dividend Equivalent Rights financial
"Includes 1,745 Dividend Equivalent Rights."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock, par value $.01 per share financial
"security_title: Common Stock, par value $.01 per share"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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*
Cox Heather

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $.01 per share06/01/2026A1,422(1)A$0.000043,611(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 1,422 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan. Each Deferred Stock Unit was equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $.01 per share. On June 1, 2026, the Reporting Person received from NRG Energy, Inc. one such share of Common Stock in exchange for each Deferred Stock Unit they were issued on that same date.
2. Includes 1,745 Dividend Equivalent Rights.
Christine Zoino, by Power of Attorney06/03/2026
** Signature of Reporting PersonDate
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)

FAQ

What did NRG (NRG) director Heather Cox report in this Form 4?

Heather Cox reported receiving 1,422 NRG common shares on June 1, 2026 through a Deferred Stock Unit award under NRG’s Long-Term Incentive Plan, a form of equity compensation rather than an open-market stock purchase or sale.

How many NRG shares does Heather Cox hold after this reported transaction?

After the June 1, 2026 stock award, Heather Cox directly holds 43,611 NRG common shares. This total includes 1,745 Dividend Equivalent Rights, which mirror dividends on prior awards and increase her overall equity-based exposure to the company.

Was cash paid for the NRG shares Heather Cox acquired on June 1, 2026?

No cash was paid for these shares. The 1,422 NRG common shares were issued at a price of $0.00 per share as a Deferred Stock Unit award, representing compensation granted under NRG Energy’s Long-Term Incentive Plan for directors.

What are Deferred Stock Units in the context of NRG’s Long-Term Incentive Plan?

Deferred Stock Units are awards that track NRG’s common stock value and convert into actual shares. On June 1, 2026, each of Heather Cox’s 1,422 Deferred Stock Units was exchanged for one NRG common share, expanding her direct stock ownership stake.

What are the 1,745 Dividend Equivalent Rights mentioned in Heather Cox’s NRG holdings?

Dividend Equivalent Rights mirror dividends on underlying equity awards. Heather Cox’s 43,611 NRG shares include 1,745 such rights, which accumulate based on dividends paid on NRG common stock and are typically paid or converted according to the plan’s terms.