NRG Insider Buy: Alexander Pourbaix Adds 7,000 Shares

Rhea-AI Filing Summary

NRG Energy director Alexander J. Pourbaix purchased 7,000 shares of NRG common stock on 08/25/2025 at a price of $145.24 per share, bringing his beneficial ownership to 17,127 shares. The Form 4 was filed as a single reporting person submission and signed by Christine Zoino by power of attorney on 08/26/2025. No derivative transactions or additional explanations are included in the filing.

Positive

• Director purchase disclosed: Acquisition of 7,000 shares at $145.24 increases insider ownership to 17,127 shares
• Form 4 properly executed: Filing includes reporting person, relationship, transaction details, and POA signature

Negative

• None.

Insights

Financial Analyst

TL;DR: A director reported an open-market purchase of 7,000 NRG shares, modest in size relative to typical institutional flows.

The transaction is a straightforward non-derivative acquisition at $145.24 per share that increases the director's direct holdings to 17,127 shares. The filing provides no information about the source of funds or any trading plan. For investors, the move is a factual indicator of insider buying but lacks context on materiality relative to total outstanding shares or the director's typical activity.

Corporate Governance Expert

TL;DR: Reporting and signature formalities are in order; transaction was properly disclosed via Form 4.

The Form 4 lists the reporting person, relationship as a director, transaction date and price, and the filing was executed by a power of attorney. There are no amendments, derivative positions, or additional disclosures. From a governance perspective, the document meets Section 16 disclosure requirements but does not include a Rule 10b5-1 or other plan notation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pourbaix Alexander J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	7,000	$145.24	$1.02M

Holdings After Transaction: Common Stock, par value $.01 per share — 17,127 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Pourbaix Alexander J

(Last) (First) (Middle)

804 CARNEGIE CENTER

(Street)

PRINCETON NJ 08540

(City) (State) (Zip)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	08/25/2025		A		7,000	A	$145.24	17,127	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Christine Zoino, by Power of Attorney	08/26/2025
	** 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.

FAQ

What did NRG director Alexander J. Pourbaix do according to the Form 4?

He purchased 7,000 shares of NRG common stock on 08/25/2025 at $145.24 per share, resulting in 17,127 shares beneficially owned.

When was the Form 4 filed and who signed it for the reporting person?

The filing shows the transaction date 08/25/2025 and is signed by Christine Zoino by Power of Attorney on 08/26/2025.

Does the Form 4 show any derivative transactions or dispositions by the director?

No. The filing lists only a non-derivative acquisition of common stock; there are no derivative transactions or dispositions reported.

Is the transaction reported as part of a trading plan (Rule 10b5-1)?

The Form 4 does not indicate that the purchase was made pursuant to a Rule 10b5-1 trading plan or other plan.

Does the Form 4 indicate joint filing or multiple reporting persons?

No. The form is marked as filed by one reporting person (individual filing).