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NRG Energy (NRG) discloses new RSU and performance unit awards to executive

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

Rhea-AI Filing Summary

NRG Energy, Inc. reported an equity award to one of its senior executives. On January 2, 2026, the Executive Vice President and President of NRG Consumer received 4,692 restricted stock units (RSUs) of NRG common stock at a price of $0.0000 per share under the company’s long-term incentive plan. Each RSU is equal in value to one share of common stock and is scheduled to vest ratably over three years, beginning on the first anniversary of the grant date. The filing also notes a grant of relative performance stock units that are scheduled to vest on January 2, 2029, subject to performance conditions.

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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*
Bentley Brad

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Exec VP, Pres NRG Consumer
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
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 01/02/2026 A 4,692(1) A $0.0000 32,447 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
Relative Performance Stock Units $0.0000 01/02/2026 A 9,526(2) 01/02/2029 01/02/2029 Common Stock, par value $.01 per share 9,526 $0.0000 9,526 D
Explanation of Responses:
1. Represents Restricted Stock Units ("RSUs") issued to the Reporting Person under the LTIP. Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01 per share ("Common Stock"). The Reporting Person will receive from NRG one such share of Common Stock for each RSU that will vest ratably over a three-year period beginning on the first anniversary date of the grant.
2. On January 2, 2026, the Reporting Person was issued 9,256 RPSUs by NRG under the LTIP that vest on January 2, 2029, subject to certain performance conditions.
/s/ Christine Zoino, by Power of Attorney 01/06/2026
** 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.

FAQ

What insider transaction did NRG (NRG) report in this Form 4?

The filing reports that a senior executive of NRG Energy, Inc. received an equity grant consisting of 4,692 restricted stock units (RSUs) of NRG common stock on January 2, 2026.

Who received the equity award disclosed by NRG Energy, Inc. (NRG)?

The equity award was granted to an NRG executive who serves as Executive Vice President and President, NRG Consumer, as indicated in the relationship section.

What are the key terms of the RSUs granted by NRG (NRG)?

The 4,692 RSUs are each equivalent to one share of NRG common stock with a stated price of $0.0000 per share and will vest ratably over three years, starting on the first anniversary of the grant.

Did the NRG executive purchase shares on the open market?

No. The filing describes a grant of restricted stock units and relative performance stock units under NRG’s long-term incentive plan rather than an open-market purchase or sale.

What performance-based awards are mentioned in NRG’s insider filing?

The document states that on January 2, 2026, the executive received relative performance stock units (RPSUs) under the long-term incentive plan, which are scheduled to vest on January 2, 2029, subject to specified performance conditions.

How many NRG common shares does the executive own after the reported RSU grant?

After the reported transaction, the executive beneficially owns 32,447 shares of NRG common stock directly, as shown in the non-derivative securities table.

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