Director Alexander Pourbaix (NYSE: NRG) awarded 31 NRG Energy shares

Rhea-AI Filing Summary

NRG ENERGY, INC. director Alexander J. Pourbaix reported acquiring 31 shares of common stock as a grant, recorded at a price of $0.00 per share. Following this transaction, he directly holds 17,218 shares of NRG common stock.

The filing notes that the position includes dividend equivalent rights tied to deferred or restricted stock units, each economically equivalent to one NRG share, including 283 such dividend equivalent rights that vest proportionately with the related units.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pourbaix Alexander J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, par value $.01 per share	31	$0.00	--

Holdings After Transaction: Common Stock, par value $.01 per share — 17,218 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares granted: 31 shares Post-transaction holdings: 17,218 shares Dividend equivalent rights: 283 rights

3 metrics

Shares granted 31 shares Grant of NRG common stock coded "A" on May 1, 2026

Post-transaction holdings 17,218 shares Direct NRG common stock held after grant

Dividend equivalent rights 283 rights Rights tied to deferred/restricted stock units, each equal to one NRG share

Key Terms

dividend equivalent rights, deferred stock units, restricted stock units

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.

deferred stock units financial

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

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

"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.

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 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		31	A	(1)	17,218	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 283 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)

FAQ

What insider transaction did NRG (NRG) director Alexander J. Pourbaix report?

Alexander J. Pourbaix reported acquiring 31 shares of NRG common stock as a grant on this Form 4. The shares were recorded at $0.00 per share, increasing his direct holdings to 17,218 NRG common shares after the transaction.

How many NRG (NRG) shares does Alexander J. Pourbaix hold after this Form 4?

After the reported grant, Alexander J. Pourbaix directly holds 17,218 shares of NRG common stock. This figure reflects his position immediately following the acquisition of 31 additional shares disclosed in the Form 4 insider transaction filing.

What does the Form 4 say about dividend equivalent rights for NRG (NRG)?

The Form 4 states that the reporting person has dividend equivalent rights tied to deferred or restricted stock units. Each right is economically equal to one NRG share and becomes exercisable proportionately with the related units, including 283 dividend equivalent rights in the reported total.

Are the NRG (NRG) shares in this Form 4 an open-market purchase?

No. The Form 4 classifies the 31 NRG shares as an acquisition coded "A," described as a grant, award, or other acquisition. The transaction price per share is listed as $0.00, indicating it is not an open-market purchase of stock.

How are NRG (NRG) dividend equivalent rights settled according to the Form 4?

According to the filing, the dividend equivalent rights may only be settled in NRG common stock. They become exercisable proportionately with the underlying deferred or restricted stock units to which they relate, and each right is the economic equivalent of one share of NRG common stock.