NRG director granted 73 dividend-equivalent shares

NRG ENERGY, INC. director Elisabeth B. Donohue reported an acquisition of 73 shares of common stock on a grant or award basis, at a stated price of $0.00 per share.

Rhea-AI Filing Summary

NRG ENERGY, INC. director Elisabeth B. Donohue reported an acquisition of 73 shares of common stock on a grant or award basis, at a stated price of $0.00 per share. These represent dividend equivalent rights tied to her deferred or restricted stock units and are exercisable proportionately with those underlying units and settle only in NRG common stock. Following this award, she directly holds 27,551 shares or equivalent rights, including 2,390 dividend equivalent rights, each economically equivalent to one share of NRG common stock.

Insider Trade Summary

Grant/Award: 73 shares

Grant/Award 1 txn

Insider Donohue Elisabeth B

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	73	$0.00	$0.00

Holdings After Transaction: Common Stock, par value $.01 per share — 27,551 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent rights accrued on the Reporting Person's deferred 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 2,390 dividend equivalent rights.

Key Figures

Shares granted: 73 shares Post-transaction holdings: 27,551 shares Dividend equivalent rights: 2,390 rights +1 more

4 metrics

Shares granted 73 shares Grant/award acquisition on May 1, 2026

Post-transaction holdings 27,551 shares Total direct holdings following transaction

Dividend equivalent rights 2,390 rights Each right equals one NRG common share economically

Grant price $0.00 per share Stated transaction price for awarded shares

Key Terms

dividend equivalent rights, restricted stock units, NRG common stock

3 terms

dividend equivalent rights financial

"Represents dividend equivalent rights accrued on the Reporting Person's deferred and or restricted 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.

restricted stock units financial

"accrued on the Reporting Person's deferred and or restricted stock units, which become exercisable proportionately"

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.

NRG common stock financial

"may only be settled in NRG common stock. Each dividend equivalent right is the economic equivalent of one share"

FAQ

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

What insider transaction did Elisabeth B. Donohue report at NRG (NRG)?

Elisabeth B. Donohue reported receiving 73 shares of NRG common stock through a grant or award. These are dividend equivalent rights linked to her deferred or restricted stock units, economically matching NRG shares and settling only in NRG common stock.

How many NRG shares does Elisabeth B. Donohue hold after this Form 4 transaction?

After this transaction, Elisabeth B. Donohue directly holds 27,551 shares or equivalent rights in NRG. This total includes dividend equivalent rights that are economically equal to NRG common stock and tied to her deferred or restricted stock units.

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

Dividend equivalent rights give the holder economic value equal to one share of NRG common stock. In this filing, they accrue on deferred or restricted stock units, become exercisable proportionately with those units, and may only be settled in NRG common stock when the related units settle.

How many dividend equivalent rights are included in Elisabeth B. Donohue’s NRG holdings?

Elisabeth B. Donohue’s reported holdings include 2,390 dividend equivalent rights. Each right is the economic equivalent of one share of NRG common stock and is tied to her underlying deferred or restricted stock units disclosed in the footnote of the Form 4.

Was cash paid for the 73 NRG shares reported in this Form 4?

No cash was paid for these 73 shares; they were acquired at a stated price of $0.00 per share. The transaction reflects a grant or award of dividend equivalent rights associated with existing deferred or restricted stock units held by the reporting person.

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

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Accepted by SEC EDGAR 05/05/2026 - 04:02 PM Learn about SEC filing dates

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^*

Donohue Elisabeth B

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		A		73	A	(1)	27,551	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 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 2,390 dividend equivalent rights.

	/s/ Christine Zoino, by Power of Attorney	05/05/2026
	** 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)