4//SEC Filing
NRG ENERGY, INC. 4
Accession 0001179110-17-000431
$NRGCIK 0001013871operating
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 9:07 PM ET
Size
8.8 KB
Accession
0001179110-17-000431
Insider Transaction Report
Form 4
Chillemi John V
Executive VP-Business Dev.
Transactions
- Exercise/Conversion
Market Stock Units
2017-01-02−10,518→ 0 totalFrom: 2017-01-02Exp: 2017-01-02→ Common Stock, par value $.01 per share (21,036 underlying) - Tax Payment
Common Stock, par value, $.01 per share
2017-01-02−3,603→ 42,469 total
Footnotes (3)
- [F1]On January 2, 2014, Mr. Chillemi was issued 5,773 Restricted Stock Units ("RSUs") by NRG Energy, Inc. under NRG's Long Term Incentive Plan ("LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01. On January 2, 2017, 5,773 shares vested. Mr. Chillemi elected to satisfy his tax 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 3,603 shares of common stock to satisfy the grantee's tax withholding obligation.
- [F2]Reflects a reduction of 728 dividend equivalent rights ("DERs") that were forfeited upon the vesting of the Market Stock Units described in Table II. In addition, 399 DERs converted in NRG common stock in connection with the vesting of the RSUs described above. Following these transactions, the reporting person holds 2,421 DERs in the aggregate. Dividend equivalent rights accrue on the reporting person's restricted stock units or market stock units, which become exercisable proportionately with the restricted stock units or market stock 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.
- [F3]Mr. Chillemi was issued 10,518 Market Stock Units ("MSUs") by NRG under the LTIP on January 2, 2014 that vested on January 2, 2017. On the vesting date, he was entitled to receive a maximum of 21,036 shares of Common Stock if the Company has achieved a 100% increase in total shareholder return since the grant date (the "Maximum"); 10,518 shares of Common Stock if there is no change in total shareholder return since the grant date (the "Target"), or 7,889 shares of Common Stock if there is a 25% decrease in total shareholder return since the grant date (the "Threshold"). The number of shares of Common Stock that Mr. Chillemi may receive is interpolated for total shareholder return falling between Threshold, Target, and Maximum levels. On January 2, 2017, Mr. Chillemi did not receive any shares.
Documents
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001013871
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 9:07 PM ET
- Size
- 8.8 KB