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NRG Energy (NYSE: NRG) director granted 2,464 deferred stock units

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

Rhea-AI Filing Summary

Kapoor Sanjay reported acquisition or exercise transactions in this Form 4 filing.

NRG Energy director Sanjay Kapoor reported an equity award rather than an open-market trade. He received 2,464 Deferred Stock Units under NRG Energy, Inc.'s Long-Term Incentive Plan, with each unit equal in value to one share of common stock.

These units will be settled in shares of NRG common stock when his service on the Board ends. Following this grant, Kapoor directly holds 3,921 shares of common stock, a figure that includes 4 Dividend Equivalent Rights credited on prior awards.

Positive

  • None.

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Insider Kapoor Sanjay
Role null
Type Security Shares Price Value
Grant/Award Common Stock, par value $.01 per share 2,464 $0.00 --
Holdings After Transaction: Common Stock, par value $.01 per share — 3,921 shares (Direct, null)
Footnotes (1)
  1. Represents 2,464 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan. Each Deferred Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $.01 per share. The Reporting Person will receive from NRG Energy, Inc. one such share of Common Stock for each Deferred Stock Unit they own upon termination of their service on NRG Energy, Inc.'s Board of Directors. Includes 4 Dividend Equivalent Rights.
Deferred Stock Units granted 2,464 units Equity award under Long-Term Incentive Plan on June 1, 2026
Price per unit $0.00 per unit Grant/award acquisition, compensation not open-market purchase
Shares held after transaction 3,921 shares Total direct NRG common stock holdings following the award
Dividend Equivalent Rights 4 rights Included within Kapoor’s reported holdings
Deferred Stock Units financial
"Represents 2,464 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan."
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.
Long-Term Incentive Plan financial
"Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
Dividend Equivalent Rights financial
"Includes 4 Dividend Equivalent Rights."
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.
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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*
Kapoor Sanjay

(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
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 share06/01/2026A2,464(1)A$0.00003,921(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 2,464 Deferred Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan. Each Deferred Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $.01 per share. The Reporting Person will receive from NRG Energy, Inc. one such share of Common Stock for each Deferred Stock Unit they own upon termination of their service on NRG Energy, Inc.'s Board of Directors.
2. Includes 4 Dividend Equivalent Rights.
Christine Zoino, by Power of Attorney06/03/2026
** 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)

FAQ

What insider transaction did NRG (NRG) director Sanjay Kapoor report?

NRG director Sanjay Kapoor reported receiving 2,464 Deferred Stock Units as an equity award, not an open-market purchase. The grant came under NRG’s Long-Term Incentive Plan and represents additional stock-based compensation tied to his service on the Board of Directors.

How many NRG (NRG) shares does Sanjay Kapoor hold after this Form 4 filing?

After the reported grant, Sanjay Kapoor holds 3,921 shares of NRG common stock directly. This total reflects the newly awarded Deferred Stock Units once settled, and includes 4 Dividend Equivalent Rights linked to prior awards under the incentive plan.

What are the 2,464 Deferred Stock Units reported for NRG (NRG) director Kapoor?

The 2,464 Deferred Stock Units are stock-based awards equal in value to NRG common shares. Kapoor will receive one share of NRG common stock for each unit he owns when his service on the company’s Board of Directors terminates, according to the filing footnotes.

Did Sanjay Kapoor buy or sell NRG (NRG) stock on the open market?

The filing shows no open-market buying or selling by Sanjay Kapoor. Instead, he acquired 2,464 Deferred Stock Units as a grant with a zero dollar price per unit, reflecting compensation rather than a discretionary market trade in NRG common stock.

What are the Dividend Equivalent Rights mentioned in the NRG (NRG) Form 4?

The Form 4 notes that Kapoor’s holdings include 4 Dividend Equivalent Rights. These rights mirror dividends on NRG stock by crediting additional units or value, and are tied to his existing deferred stock awards under NRG Energy’s Long-Term Incentive Plan.

When will NRG (NRG) director Sanjay Kapoor receive shares for his Deferred Stock Units?

According to the filing, Kapoor will receive one share of NRG common stock for each Deferred Stock Unit upon termination of his service on the Board. The units therefore convert into actual shares only when his Board tenure at NRG Energy, Inc. ends.