COBEN LAWRENCE S 4

What Happened

• Lawrence S. Coben, CEO and Director of NRG Energy, was awarded 759 shares (transaction code A) on February 2, 2026. The filing lists no per-share price or total dollar value for the award (Price = N/A).
• The filing also includes a footnote stating there are 21,159 dividend-equivalent rights accrued on the reporting person’s deferred stock units and/or restricted stock units; those rights are the economic equivalent of one share each and are settled only in NRG common stock.

Key Details

• Transaction date: February 2, 2026 (Form 4 filed Feb 4, 2026 — appears timely).
• Transaction type: Award/Grant (code A).
• Shares acquired: 759 shares; price not reported (N/A), so total value not disclosed.
• Footnote: Includes 21,159 dividend-equivalent rights tied to deferred stock units/RSUs that vest/settle proportionately and are settled in NRG common stock.
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1 plan, tax withholding, or sale accompanying the award disclosed in the provided data.

Context

• Awards and dividend-equivalent rights are common forms of executive compensation and do not by themselves indicate the insider’s personal buying or selling sentiment. Dividend-equivalent rights increase the eventual equity settlement tied to existing deferred or restricted units once those underlying units become exercisable/settle.