Hoffmann M Stephen 4
4 · NRG ENERGY, INC. · Filed Mar 6, 2007
Insider Transaction Report
Form 4
Hoffmann M Stephen
SVP, Region Pres, West Region
Transactions
- Other
Common Stock, par value .01 per share
2007-03-02$67.42/sh−100$6,742→ 2,401 total - Tax Payment
Common Stock, par value .01 per share
2007-03-02$67.42/sh−199$13,417→ 2,501 total
Footnotes (2)
- [F1]On March 2, 2004, Mr. Hoffmann was issued 500 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 March 2, 2007, 500 of the originally granted 500 RSU's vested. Pursuant to the LTIP, Mr. Hoffmann 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 199 shares of common stock to satisfy the grantee's tax withholding obligation.
- [F2]RSU's that vested on March 2, 2007 are considered eligible income, up to IRS limits, for 401(k) purposes. Mr. Hoffmann elected to have vested RSU's withheld to satisfy his 401(k) pre-tax employee contribution 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 401(k) employee contribution. This form is being filed to reflect the surrender of 100 shares of common stock to satisfy the grantee's 401(k) election.