Was the Vistra (VST) insider share grant to Gavin R. Baiera an open-market purchase?

The transaction was not an open-market purchase. It is coded as a grant or award acquisition, with a reported price of $0.00 per share, indicating a compensation-related issuance rather than a buy order placed in the market.

Is Gavin R. Baiera’s Vistra (VST) share grant considered a derivative transaction?

No, the transaction is classified as non-derivative common stock. There are no associated options or other derivatives in this filing, and the derivativeSummary section is empty, so the 1,268-share award is a direct stock grant rather than an option exercise.

Vistra Corp. (NYSE: VST) director granted 1,268 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Baiera Gavin R. reported acquisition or exercise transactions in this Form 4 filing.

Vistra Corp. director Gavin R. Baiera received a grant of 1,268 shares of common stock, recorded as a non-derivative award with no cash price per share. Following this compensation-related grant, his directly owned stake increased to 51,641 Vistra common shares, reflecting a routine adjustment to his equity holdings.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baiera Gavin R.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,268	$0.00	--

Holdings After Transaction: Common Stock — 51,641 shares (Direct, null)

Footnotes (1)

Key Figures

Share grant: 1,268 shares Grant price: $0.00 per share Post-transaction holdings: 51,641 shares

3 metrics

Share grant 1,268 shares Non-derivative common stock award to Gavin R. Baiera

Grant price $0.00 per share Reported transaction price for the equity award

Post-transaction holdings 51,641 shares Direct Vistra common stock owned by Gavin R. Baiera after grant

Key Terms

Grant, award, or other acquisition, non-derivative, Form 4

3 terms

Grant, award, or other acquisition financial

"transaction code description: "Grant, award, or other acquisition""

non-derivative financial

"transaction_type": "non-derivative""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/19/2026 - 05:05 PM

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^*

Baiera Gavin R.

(Last)

(First)

(Middle)

6555 SIERRA DRIVE

(Street)

IRVING

TEXAS

75039

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Vistra Corp. [ VST ]

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)
05/15/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		A		1,268	A	$0	51,641	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

	/s/ Daniela Gutierrez, as Attorney-in-Fact	05/19/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Vistra Corp. (VST) report for Gavin R. Baiera?

Vistra Corp. reported that director Gavin R. Baiera received a grant of 1,268 shares of common stock. The award was recorded as a non-derivative, compensation-related acquisition, increasing his directly owned Vistra stake to 51,641 shares after the transaction.

How many Vistra Corp. (VST) shares does Gavin R. Baiera hold after this Form 4?

After receiving the 1,268-share grant, Gavin R. Baiera directly holds 51,641 shares of Vistra common stock. This total reflects his updated ownership position as reported in the Form 4 insider filing for the non-derivative equity award.

What does the transaction code on Gavin R. Baiera’s Vistra (VST) Form 4 mean?

The Form 4 uses transaction code "A," described as "Grant, award, or other acquisition." This indicates that Baiera’s 1,268 Vistra common shares were received as an equity award, not bought or sold on the open market, and represent compensation.