4//SEC Filing
Bramnick Michael R. 4
Accession 0001179110-11-000392
CIK 0001013871other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 5:30 PM ET
Size
13.2 KB
Accession
0001179110-11-000392
Insider Transaction Report
Form 4
Bramnick Michael R.
Sr. VP & General Counsel
Transactions
- Award
Non-Qualified Stock Options
2011-01-03+30,300→ 30,300 totalExercise: $19.83From: 2012-01-03Exp: 2021-01-03→ Common Stock, par value $.01 per share (30,300 underlying) - Award
Performance Units
2011-01-03+13,100→ 13,100 totalFrom: 2014-01-03Exp: 2014-01-03→ Common Stock, par value $.01 per share (26,200 underlying) - Tax Payment
Common Stock, par value $.01 per share
2011-01-02−229→ 8,433 total - Award
Common Stock, par value $.01 per share
2011-01-03+13,300→ 22,156 total
Footnotes (7)
- [F1]On January 2, 2008, Mr. Bramnick was issued 600 Restricted Stock Units ("RSU's") by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan (the "LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $0.01. On January 2, 2011, the RSUs vested. Pursuant to the LTIP, Mr. Bramnick elected to satisfy his tax withholding obligation upon the exchange of common stock for RSU's by surrendering a number of shares of common stock having a value on the date of the exchange equal to the tax withholding obligation. This form is being filed to reflect the surrender of 229 shares of common stock to satisfy the grantee's tax withholding obligation.
- [F2]Represents Restricted Stock Units issued to Mr. Bramnick by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan.
- [F3]Each Restricted Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $0.01 per share. Mr. Bramnick will receive from NRG Energy, Inc. one such share of Common Stock for each Restricted Stock Unit on January 3, 2014.
- [F4]Includes 423 shares acquired under NRG Energy, Inc.'s Employee Stock Purchase Plan since the Reporting Person's last filing.
- [F5]Pursuant to the Grant Agreement by and between NRG Energy, Inc. and Mr. Bramnick, the Stock Options will vest and become exercisable as follows: 33 1/3% on January 3, 2012; 33 1/3% on January 3, 2013; and, 33 1/3% on January 3, 2014.
- [F6]Stock Options expire ten years from the date of the grant.
- [F7]Mr. Bramnick was issued 13,100 Performance Units by NRG under the LTIP on January 3, 2011. Each Performance Unit will be paid out on January 3, 2014 if the average of the closing price of NRG's Common Stock on January 3, 2014 and the nineteen preceeding tracking days (the "Measurement Price") is equal to or greater than $24.57 (the "Threshold Price"). The payout for each PU will be equal to a pro-rated amount in between one-half and one share of common stock if the Measurement Price equals or exceeds the Threshold Price but less than $26.66 (the "Target Price"). The payout for each PU will be equal to a pro-rated amount in between one and two shares of common stock if the Measurement Price is equal to the Target Price but less than $31.17 (the "Maximum Price"). The payout for each PU will be equal to two shares of common stock if the Measurement Price is equal to or greater than the Maximum Price.
Documents
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeother
Related Parties
1- filerCIK 0001456706
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 5:30 PM ET
- Size
- 13.2 KB