NRG ENERGY, INC. 4

Accession 0001179110-15-000586

$NRGCIK 0001013871operating

View on SEC.gov Company Profile

Filed

Jan 5, 7:00 PM ET

Accepted

Jan 6, 9:56 PM ET

Size

20.4 KB

Accession

0001179110-15-000586

Insider Transaction Report

Form 4

Period: 2015-01-02

NRG ENERGY, INC.NRG

CRANE DAVID W

DirectorPresident and CEO

Transactions

Exercise/Conversion
Non-Qualified Stock Options
2015-01-02−257,300→ 0 total
Exercise: $23.64From: 2012-01-02Exp: 2015-01-02→ Common Stock, par value $.01 per share (257,300 underlying)
Exercise/Conversion
Common Stock, par value $.01 per share
2015-01-02$23.64/sh+23,099$546,060→ 951,059 total
Exercise/Conversion
Market Stock Units
2015-01-03−148,200→ 0 total
From: 2015-01-02Exp: 2015-01-02→ Common Stock, par value $.01 per share (296,400 underlying)
Award
Common Stock, par value $.01 per share
2015-01-02+66,300→ 1,017,359 total
Exercise/Conversion
Common Stock, par value $.01 per share
2015-01-03+228,213→ 1,245,572 total
Tax Payment
Common Stock, par value $.01 per share
2015-01-03−46,059→ 1,081,184 total
Tax Payment
Common Stock, par value $.01 per share
2015-01-03−118,329→ 1,127,243 total
Award
Market Stock Units
2015-01-02+122,130→ 122,130 total
From: 2018-01-02Exp: 2018-01-02→ Common Stock, par value $.01 per share (244,260 underlying)

Footnotes (8)

[F1]The acquisition of 23,099 shares of common stock reflects the net exercise of the Non-Qualified Stock Options with the remaining shares withheld by the Issuer to cover the exercise price and taxes associated with the automatic exercise.
[F2]Represents Restricted Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Long-Term Incentive Plan ("LTIP").
[F3]Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01 per share. The Reporting Person will receive from NRG one such share of Common Stock for each RSU on January 2, 2018.
[F4]The Reporting Person was issued 148,200 Market Stock Units by NRG under the LTIP on January 2, 2012 that vested on January 2, 2015. On the vesting date the Reporting Person was entitled to receive a maximum of 296,400 shares of Common Stock if the company achieved 100% increase in total shareholder return since the grant date (the "Maximum"), 148,200 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target"), or 74,100 shares of Common Stock if there is a 50% decrease in total shareholder return since the grant date (the "Threshold"). The Reporting Person would not have received any shares of Common Stock if total shareholder return had decreased by more than 50% since the grant date. The number of shares of Common Stock that the Reporting Person could have received is interpolated for total shareholder return falling between Threshold, Target and Maximum levels. On Jan 3, 2015 he vested in 228,213 shares.
[F5]The Reporting Person elected to satisfy his tax withholding obligation upon the exchange of common stock for MSUs having a value on the date of the exchange equal to the withholding obligation. This form is being filed to reflect the surrender of 118,329 shares of common stock to satisfy the grantee's tax withholding obligation.
[F6]On January 3, 2012, the Reporting Person was issued 88,900 Restricted Stock Units ("RSUs") by NRG under NRG's Long-Term Incentive Plan ("LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $0.01 per share. On January 3, 2015 shares vested. The Reporting Person elected to satisfy his tax withholding obligation upon the exchange of common stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form is being filed to reflect the surrender of 46,059 shares of common stock to satisfy the grantee's tax withholding obligation.
[F7]The Reporting Person was issued 122,130 MSUs by NRG under the LTIP on January 2, 2015. The MSUs will convert to shares of NRG Common Stock on January 2, 2018 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 2, 2018 and the nineteen preceding trading days and any dividends paid since the grant date as determined by the Compensation Committee.
[F8]The Reporting Person will receive a maximum of 244,260 shares of Common Stock if the Company has achieved a 100% increase in total shareholder return since the grant date (the "Maximum"); 122,130 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target"); or 91,597 shares of Common Stock if there is a 25% 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 25% 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

1 file

4
edgar.xmlPrimary
FORM 4 -

Issuer

NRG ENERGY, INC.

CIK 0001013871

→

Entity typeoperating

IncorporatedDE

Related Parties

filerCIK 0001013871

Filing Metadata

Form type: 4
Filed: Jan 5, 7:00 PM ET
Accepted: Jan 6, 9:56 PM ET
Size: 20.4 KB

View on SEC.gov