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[Form 4] NRG Energy, Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

On 05 Aug 2025, NRG Energy (NRG) filed a Form 4 disclosing that Executive Vice President Robert J. Gaudette automatically acquired 68 shares of common stock on 01 Aug 2025. The shares were received at $0 cost as dividend-equivalent rights (DERs) attached to previously granted deferred or restricted stock units (Transaction Code A). Following the accrual, Gaudette’s direct holdings rise to 64,725 shares; the footnote also references 951 additional DERs that can only be settled in NRG stock. The incremental addition represents less than 0.0002 % of NRG’s ~231 million shares outstanding and involves no open-market activity or cash consideration. As such, the filing is viewed as routine maintenance of equity-based compensation rather than a signal of insider sentiment or a material change in ownership.

Il 5 agosto 2025, NRG Energy (NRG) ha presentato un Modulo 4 comunicando che il Vicepresidente Esecutivo Robert J. Gaudette ha acquisito automaticamente 68 azioni ordinarie il 1° agosto 2025. Le azioni sono state ricevute a costo zero come diritti equivalenti a dividendi (DER) legati a unità azionarie differite o vincolate precedentemente assegnate (Codice Transazione A). Dopo l'accredito, le posizioni dirette di Gaudette salgono a 64.725 azioni; la nota a piè di pagina menziona inoltre 951 DER aggiuntivi che possono essere liquidati solo in azioni NRG. L'incremento rappresenta meno dello 0,0002% delle circa 231 milioni di azioni in circolazione di NRG e non comporta attività sul mercato aperto né considerazioni in denaro. Pertanto, la comunicazione è considerata una normale operazione di gestione della remunerazione basata su azioni, piuttosto che un segnale del sentimento degli insider o un cambiamento rilevante nella proprietà.

El 5 de agosto de 2025, NRG Energy (NRG) presentó un Formulario 4 informando que el Vicepresidente Ejecutivo Robert J. Gaudette adquirió automáticamente 68 acciones ordinarias el 1 de agosto de 2025. Las acciones se recibieron a costo cero como derechos equivalentes a dividendos (DER) vinculados a unidades de acciones diferidas o restringidas previamente otorgadas (Código de Transacción A). Tras esta asignación, las participaciones directas de Gaudette aumentan a 64,725 acciones; la nota al pie también menciona 951 DER adicionales que solo pueden liquidarse en acciones de NRG. La adición incremental representa menos del 0,0002% de las aproximadamente 231 millones de acciones en circulación de NRG y no implica actividad en el mercado abierto ni consideración en efectivo. Por lo tanto, la presentación se considera un mantenimiento rutinario de la compensación basada en acciones, más que una señal del sentimiento interno o un cambio material en la propiedad.

2025� 8� 5�, NRG Energy(NRG)� 부사장 Robert J. Gaudette가 2025� 8� 1일에 보통� 68�� 자동으로 취득했다� 내용� 담은 Form 4� 제출했습니다. 해당 주식은 이전� 부여된 이연 또는 제한 주식 단위� 부속된 배당� 등가�(DER)으로 무상으로 수령되었습니�(거래 코드 A). � 적립 � Gaudette� 직접 보유 주식은 64,725주로 증가했으�, 각주에는 NRG 주식으로� 정산 가능한 추가 951 DER� 언급되어 있습니다. 이번 추가� NRG� � 2� 3,100� � 발행 주식 � 0.0002% 미만� 해당하며, 공개 시장 거래� 현금 대가가 수반되지 않았습니�. 따라� 이번 제출은 내부� 심리� 소유권의 중대� 변화를 나타내는 신호가 아닌 주식 기반 보상� 일상적인 관리로 간주됩니�.

Le 5 août 2025, NRG Energy (NRG) a déposé un formulaire 4 révélant que le vice-président exécutif Robert J. Gaudette a automatiquement acquis 68 actions ordinaires le 1er août 2025. Les actions ont été reçues à coût nul sous forme de droits équivalents aux dividendes (DER) attachés à des unités d’actions différées ou restreintes précédemment attribuées (code de transaction A). Après cette attribution, les participations directes de Gaudette s’élèvent à 64 725 actions ; la note de bas de page mentionne également 951 DER supplémentaires qui ne peuvent être réglés qu’en actions NRG. Cette augmentation représente moins de 0,0002 % des quelque 231 millions d’actions en circulation de NRG et n’implique aucune activité sur le marché ouvert ni contrepartie en espèces. Par conséquent, ce dépôt est considéré comme une opération de routine liée à la gestion de la rémunération en actions plutôt qu’un signal du sentiment des initiés ou un changement significatif de propriété.

Am 5. August 2025 reichte NRG Energy (NRG) ein Formular 4 ein, das offenlegt, dass der Executive Vice President Robert J. Gaudette am 1. August 2025 automatisch 68 Stammaktien erworben hat. Die Aktien wurden als dividendenäquivalente Rechte (DERs) zu Nullkosten erhalten, die an zuvor gewährte, aufgeschobene oder eingeschränkte Aktieneinheiten gebunden sind (Transaktionscode A). Nach der Gutschrift steigen Gaudettes Direktbestände auf 64.725 Aktien; die Fußnote verweist außerdem auf 951 zusätzliche DERs, die nur in NRG-Aktien abgewickelt werden können. Die zusätzliche Zuteilung entspricht weniger als 0,0002 % der rund 231 Millionen ausstehenden NRG-Aktien und beinhaltet keine Aktivitäten am offenen Markt oder Barzahlungen. Daher wird die Meldung als routinemäßige Verwaltung der aktienbasierten Vergütung angesehen und nicht als Signal für Insiderstimmung oder eine wesentliche Eigentumsänderung.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Immaterial 68-share DER accrual; routine Form 4, unlikely to move NRG valuation or governance narrative.

The transaction reflects standard quarterly crediting of dividend equivalents on equity awards, not an elective purchase. At $0 consideration and an ownership change of only 68 shares, the economic impact is negligible. Gaudette’s total stake remains modest relative to NRG’s market float, and no derivatives or sales were reported. Investors should treat the filing as compliance-driven disclosure with neutral impact on outlook and insider sentiment.

Il 5 agosto 2025, NRG Energy (NRG) ha presentato un Modulo 4 comunicando che il Vicepresidente Esecutivo Robert J. Gaudette ha acquisito automaticamente 68 azioni ordinarie il 1° agosto 2025. Le azioni sono state ricevute a costo zero come diritti equivalenti a dividendi (DER) legati a unità azionarie differite o vincolate precedentemente assegnate (Codice Transazione A). Dopo l'accredito, le posizioni dirette di Gaudette salgono a 64.725 azioni; la nota a piè di pagina menziona inoltre 951 DER aggiuntivi che possono essere liquidati solo in azioni NRG. L'incremento rappresenta meno dello 0,0002% delle circa 231 milioni di azioni in circolazione di NRG e non comporta attività sul mercato aperto né considerazioni in denaro. Pertanto, la comunicazione è considerata una normale operazione di gestione della remunerazione basata su azioni, piuttosto che un segnale del sentimento degli insider o un cambiamento rilevante nella proprietà.

El 5 de agosto de 2025, NRG Energy (NRG) presentó un Formulario 4 informando que el Vicepresidente Ejecutivo Robert J. Gaudette adquirió automáticamente 68 acciones ordinarias el 1 de agosto de 2025. Las acciones se recibieron a costo cero como derechos equivalentes a dividendos (DER) vinculados a unidades de acciones diferidas o restringidas previamente otorgadas (Código de Transacción A). Tras esta asignación, las participaciones directas de Gaudette aumentan a 64,725 acciones; la nota al pie también menciona 951 DER adicionales que solo pueden liquidarse en acciones de NRG. La adición incremental representa menos del 0,0002% de las aproximadamente 231 millones de acciones en circulación de NRG y no implica actividad en el mercado abierto ni consideración en efectivo. Por lo tanto, la presentación se considera un mantenimiento rutinario de la compensación basada en acciones, más que una señal del sentimiento interno o un cambio material en la propiedad.

2025� 8� 5�, NRG Energy(NRG)� 부사장 Robert J. Gaudette가 2025� 8� 1일에 보통� 68�� 자동으로 취득했다� 내용� 담은 Form 4� 제출했습니다. 해당 주식은 이전� 부여된 이연 또는 제한 주식 단위� 부속된 배당� 등가�(DER)으로 무상으로 수령되었습니�(거래 코드 A). � 적립 � Gaudette� 직접 보유 주식은 64,725주로 증가했으�, 각주에는 NRG 주식으로� 정산 가능한 추가 951 DER� 언급되어 있습니다. 이번 추가� NRG� � 2� 3,100� � 발행 주식 � 0.0002% 미만� 해당하며, 공개 시장 거래� 현금 대가가 수반되지 않았습니�. 따라� 이번 제출은 내부� 심리� 소유권의 중대� 변화를 나타내는 신호가 아닌 주식 기반 보상� 일상적인 관리로 간주됩니�.

Le 5 août 2025, NRG Energy (NRG) a déposé un formulaire 4 révélant que le vice-président exécutif Robert J. Gaudette a automatiquement acquis 68 actions ordinaires le 1er août 2025. Les actions ont été reçues à coût nul sous forme de droits équivalents aux dividendes (DER) attachés à des unités d’actions différées ou restreintes précédemment attribuées (code de transaction A). Après cette attribution, les participations directes de Gaudette s’élèvent à 64 725 actions ; la note de bas de page mentionne également 951 DER supplémentaires qui ne peuvent être réglés qu’en actions NRG. Cette augmentation représente moins de 0,0002 % des quelque 231 millions d’actions en circulation de NRG et n’implique aucune activité sur le marché ouvert ni contrepartie en espèces. Par conséquent, ce dépôt est considéré comme une opération de routine liée à la gestion de la rémunération en actions plutôt qu’un signal du sentiment des initiés ou un changement significatif de propriété.

Am 5. August 2025 reichte NRG Energy (NRG) ein Formular 4 ein, das offenlegt, dass der Executive Vice President Robert J. Gaudette am 1. August 2025 automatisch 68 Stammaktien erworben hat. Die Aktien wurden als dividendenäquivalente Rechte (DERs) zu Nullkosten erhalten, die an zuvor gewährte, aufgeschobene oder eingeschränkte Aktieneinheiten gebunden sind (Transaktionscode A). Nach der Gutschrift steigen Gaudettes Direktbestände auf 64.725 Aktien; die Fußnote verweist außerdem auf 951 zusätzliche DERs, die nur in NRG-Aktien abgewickelt werden können. Die zusätzliche Zuteilung entspricht weniger als 0,0002 % der rund 231 Millionen ausstehenden NRG-Aktien und beinhaltet keine Aktivitäten am offenen Markt oder Barzahlungen. Daher wird die Meldung als routinemäßige Verwaltung der aktienbasierten Vergütung angesehen und nicht als Signal für Insiderstimmung oder eine wesentliche Eigentumsänderung.

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*
Spencer Gerald Alfred

(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)
SVP & Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
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 08/01/2025 A 14 A $0(1) 7,479 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 stock units 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 143 dividend equivalent rights.
Christine Zoino, by Power of Attorney 08/05/2025
** 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

How many NRG shares did Robert Gaudette acquire in the latest Form 4?

The filing shows an acquisition of 68 shares on 01 Aug 2025 through dividend-equivalent rights.

What is Gaudette’s total NRG share ownership after the transaction?

After the accrual, he directly owns 64,725 shares, plus 951 dividend-equivalent rights tied to equity awards.

Was the transaction an open-market purchase?

No. The shares were credited at $0 cost as part of routine dividend-equivalent adjustments, not bought on the market.

What does Transaction Code "A" signify on Form 4?

Code "A" indicates an acquisition of securities, in this case via automatic dividend-equivalent rights.

Does this insider filing signal bullish sentiment for NRG (NRG)?

Likely not; the transaction is routine and immaterial, so it offers no meaningful insight into insider sentiment.
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Utilities - Independent Power Producers
Electric Services
United States
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