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NRG Energy (NYSE: NRG) director adds 68 dividend-equivalent stock rights

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NRG Energy director Heather Cox reported an acquisition of 68 shares of common stock on August 3, 2026. According to the accompanying note, these represent dividend equivalent rights that accrued on her deferred stock units and/or restricted stock units and may only be settled in NRG common stock.

Each dividend equivalent right is economically equal to one share of NRG common stock. After this award, she directly holds 43,679 common-stock-equivalent shares, including 1,813 dividend equivalent rights tied to her outstanding deferred and restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Cox Heather
Role Director
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 per share F1 68 $0.00 $0.00
Holdings After Transaction: Common Stock, par value $.01 per share — 43,679 shares (Direct)
Footnotes (1)
  1. F1. 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 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. Includes 1,813 dividend equivalent rights.
Shares acquired 68 shares Dividend equivalent rights credited on August 3, 2026
Direct holdings after transaction 43,679 shares Common-stock-equivalent shares directly held by Heather Cox after the award
Dividend equivalent rights held 1,813 rights Each right is the economic equivalent of one NRG common share
Per-share transaction price $0.00 per share Reported price for the 68 dividend equivalent rights acquired
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
"rights 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.
economic equivalent financial
"Each dividend equivalent right is the economic equivalent of one share of NRG"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did NRG (NRG) director Heather Cox report?

Heather Cox reported an acquisition of 68 NRG Energy common-stock-equivalent shares on August 3, 2026. These are dividend equivalent rights accruing on her deferred stock units and/or restricted stock units.

How many NRG (NRG) shares does Heather Cox hold after this Form 4?

Following the reported transaction, Heather Cox directly holds 43,679 common-stock-equivalent shares of NRG Energy. This figure includes 1,813 dividend equivalent rights linked to her deferred and restricted stock units.

What are dividend equivalent rights in the NRG (NRG) Form 4 filing?

The filing describes dividend equivalent rights as amounts that accrue on deferred stock units and/or restricted stock units. Each right is the economic equivalent of one NRG common share and may only be settled in NRG common stock.

Were the NRG (NRG) insider transactions made under a Rule 10b5-1 plan?

The Form 4 indicates the transaction was not made under a Rule 10b5-1 trading plan. The box affirming that trades were pursuant to such a plan was not checked for this filing.

Did Heather Cox buy NRG (NRG) shares on the open market?

No open-market purchase is reported. The 68 additional shares reflect dividend equivalent rights credited on existing deferred and/or restricted stock units, at a reported price of $0.00 per share.

How do the 1,813 dividend equivalent rights affect Heather Cox’s NRG (NRG) holdings?

The filing states she holds 1,813 dividend equivalent rights, each equal to one NRG share. These rights increase her total direct common-stock-equivalent position to 43,679 shares when combined with her other equity interests.
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)
08/03/2026
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 share08/03/2026A68A$0.0000(1)43,679D
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 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 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. Includes 1,813 dividend equivalent rights.
Christine Zoino, by Power of Attorney08/05/2026
** 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)