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NRG Energy (NYSE: NRG) grants Brian Curci 44 dividend equivalent rights

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

NRG Energy executive Brian Curci, executive vice president and general counsel, received an award of 44 dividend equivalent rights on August 3, 2026, tied to his deferred or restricted stock units at no cash cost. After this stock-based acquisition, his directly held NRG common stock equivalents total 46,238 shares, and the reported holdings include 341 dividend equivalent rights, each economically equivalent to one share of NRG common stock.

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Insider Curci Brian
Role Exec VP & General Counsel
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 per share F1 44 $0.00 $0.00
Holdings After Transaction: Common Stock, par value $.01 per share — 46,238 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 341 dividend equivalent rights.
Dividend equivalent rights awarded 44 rights Grant, award, or other acquisition on 2026-08-03
Price per right $0.0000 Dividend equivalent rights accrued at no cash cost
Holdings after transaction 46,238 shares Directly held NRG common stock equivalents following the award
Dividend equivalent rights included 341 rights Each right is the economic equivalent of one share of NRG common stock
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
"dividend equivalent 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
"dividend equivalent rights 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.
par value financial
"Common Stock, par value $.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

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

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FAQ

What insider transaction did NRG (NRG) report for Brian Curci?

Brian Curci received an award of 44 dividend equivalent rights linked to his deferred or restricted stock units. These rights are stock-based compensation and are economically equivalent to NRG common shares, increasing his directly held common stock equivalents.

How many NRG (NRG) shares or equivalents does Brian Curci hold after the transaction?

Following the reported award, Brian Curci directly holds 46,238 common stock equivalents of NRG Energy. This total includes dividend equivalent rights that are each the economic equivalent of one share of NRG common stock, according to the disclosure.

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

The filing describes dividend equivalent rights as amounts accrued on deferred or restricted stock units. They become exercisable proportionately with the underlying units, may only be settled in NRG common stock, and each right is the economic equivalent of one share of NRG common stock.

Did Brian Curci pay cash for the 44 NRG (NRG) dividend equivalent rights?

No cash was paid for this award; the per-share price is reported as $0.0000. The 44 dividend equivalent rights accrued as part of stock-based compensation related to existing deferred stock units and/or restricted stock units rather than through an open-market purchase.

Are the NRG (NRG) dividend equivalent rights immediately exercisable?

The disclosure states that dividend equivalent rights become exercisable proportionately with the underlying deferred or restricted stock units. They do not stand alone; their exercisability tracks the vesting or exercisability schedule of the related stock-based awards.

How many dividend equivalent rights are included in Brian Curci’s NRG (NRG) holdings?

The disclosure notes that the reported position includes 341 dividend equivalent rights. Each dividend equivalent right is described as the economic equivalent of one share of NRG common stock and may only be settled in NRG common stock.
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*
Curci Brian

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Exec VP & General Counsel
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 share08/03/2026A44A$0.0000(1)46,238D
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 341 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)