NRG Energy EVP Matthew Pistner acquires 25 shares

A footnote also notes 26 shares acquired under NRG's Employee Stock Purchase Plan since Pistner's last filing and an 18-share adjustment to holdings reported on August 13, 2026.

Available on EDGAR 11/04/2026 - 06:41 PM EST Accepted by SEC EDGAR 11/04/2026 - 06:41 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

NRG Energy, Inc. EVP, Pres. of NRG Wholesale Matthew Pistner acquired 25 common shares on November 2, 2026, representing dividend equivalent rights accrued on deferred stock units and/or restricted stock units. The rights become exercisable proportionately with the underlying units and may be settled only in NRG common stock. The reported price was $0.0000 per share; Pistner's direct holdings after the transaction were 48,428 shares.

Insider Trade Summary

Grant/Award: 25 shares

Grant/Award 1 txn

Insider Pistner Matthew

Role EVP, Pres. of NRG Wholesale

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share F1	25	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $.01 per share — 48,428 shares (Direct)

Holdings Before and After: Common Stock, par value $.01 per share, 48,403 to 48,428 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. Includes 26 shares acquired under NRG's Employee Stock Purchase Plan since the Reporting Person's last filing. Includes an adjustment of 18 shares to correct the total holdings previously reported on the reporting person's Form 3 filed on August 13, 2026. Includes 161 dividend equivalent rights.

Key Figures

Common shares acquired: 25 shares Reported price per share: $0.0000 per share Direct holdings after transaction: 48,428 shares

3 metrics

Common shares acquired 25 shares November 2, 2026; dividend equivalent rights

Reported price per share $0.0000 per share November 2, 2026 acquisition

Direct holdings after transaction 48,428 shares After the November 2, 2026 transaction

Key Terms

dividend equivalent rights, deferred stock units, restricted stock units

3 terms

dividend equivalent rights financial

"dividend equivalent rights accrued"

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

"on 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

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many NRG shares did Matthew Pistner acquire?

Matthew Pistner acquired 25 common shares on November 2, 2026, representing accrued dividend equivalent rights; his direct holdings after the transaction were 48,428 shares.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Pistner Matthew

(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)
	EVP, Pres. of NRG Wholesale

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $.01 per share	11/02/2026		A		25	A	$0.0000(1)	48,428	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:

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. Includes 26 shares acquired under NRG's Employee Stock Purchase Plan since the Reporting Person's last filing. Includes an adjustment of 18 shares to correct the total holdings previously reported on the reporting person's Form 3 filed on August 13, 2026. Includes 161 dividend equivalent rights.

	Christine Zoino, by Power of Attorney	11/04/2026
	** 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)