4//SEC Filing
Bramnick Michael R. 4
Accession 0001179110-12-000446
CIK 0001013871other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 4:39 PM ET
Size
8.4 KB
Accession
0001179110-12-000446
Insider Transaction Report
Form 4
Bramnick Michael R.
Sr. VP & General Counsel
Transactions
- Award
Common Stock, par value $.01 per share
2012-01-03+16,500→ 38,687 total - Award
Market Stock Units
2012-01-03+27,600→ 27,600 totalFrom: 2015-01-03Exp: 2015-01-03→ Common Stock, par value $.01 per share (55,200 underlying)
Footnotes (4)
- [F1]Represents Restricted Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long Term Incentive Plan ("LTIP").
- [F2]Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01. The Reporting Person will receive from NRG one such share of Common Stock for each RSU on January 3, 2015.
- [F3]The Reporting Person was issued 27,600 Market Stock Units ("MSUs") by NRG under the LTIP on January 3, 2012. The MSUs will convert to shares of NRG Common Stock on January 3, 2015 only in the event the Company has achieved a certain level of total shareholder return. Total shareholder return will consist of the average of the closing price of NRG's Common Stock on January 3, 2015 and the nineteen preceding trading days and any dividends paid since the grant date as determined by the Compensation Committee.
- [F4]The Reporting Person will receive a maximum of 55,200 shares of Common Stock if the Company has achieved a 100% increase in total shareholder return since the grant date (the "Maximum"); 27,600 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target"); or 13,800 shares of Common Stock if there is a 50% decrease in total shareholder return since the grant date (the "Threshold"). The Reporting Person will not receive any shares of Common Stock if total shareholder return has decreased by more than 50% since the grant date. The number of shares of Common Stock that the Reporting Person may receive is interpolated for total shareholder return falling between Threshold, Target, and Maximum levels.
Documents
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeother
Related Parties
1- filerCIK 0001456706
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 4:39 PM ET
- Size
- 8.4 KB