4//SEC Filing
NRG ENERGY, INC. 4
Accession 0001209191-08-045454
$NRGCIK 0001013871operating
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 4:38 PM ET
Size
15.6 KB
Accession
0001209191-08-045454
Insider Transaction Report
Form 4
BREWSTER JOHN P
EVP Int. Ops, Pres. S. Central
Transactions
- Exercise/Conversion
Performance Units
2004-08-01−12,000→ 0 totalFrom: 2008-08-01Exp: 2008-08-01→ Common Stock, par value $.01 per share (12,000 underlying) - Tax Payment
Common Stock, par value .01 per share
2008-08-01−3,552→ 37,958 total - Exercise/Conversion
Common Stock, par value .01 per share
2008-08-01+12,000→ 41,510 total - Tax Payment
Common Stock, par value .01 per share
2008-08-01−1,058→ 36,900 total
Footnotes (3)
- [F1]Mr. Brewster was issued 12,000 Performance Units by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan on August 1, 2005. Each Performance Unit was subject to pay out if the average closing price of NRG Energy, Inc.'s Common Stock for the ten trading days prior to August 1, 2008 (the "Measurement Price") was equal to or greater than $26.875 (the "Target Price"). The payout for each Performance Unit was equal to: (i) one share of Common Stock, if the Measurement Price equaled the Target Price; (ii) a prorated amount in between one and two shares of Common Stock, if the Measurement Price was greater than the Target Price but less than $31.50 (the "Maximum Price"); and (iii) two shares of Common Stock, if the Measurement Price was equal to or greater than the Maximum Price. On August 1, 2008 the Measurement Price was greater than the Maximum Price.
- [F2]Pursuant to NRG Energy, Inc.'s Long Term Incentive Plan, Mr. Brewster elected to satisfy his tax withholding obligation upon the exchange of common stock for Performance Units 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 reflects the surrender of 3,552 shares of common stock to satisfy the grantee's tax withholding obligation.
- [F3]On August 1, 2005, Mr. Brewster was issued 4,000 Restricted Stock Units ("RSUs") 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 August 1, 2008, all of the originally granted RSUs vested. Pursuant to the LTIP, Mr. Brewster elected to satisfy his tax withholding obligation upon the exchange of common stock for RSUs 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 reflects the surrender of 1,058 shares of common stock to satisfy the grantee's tax withholding obligation.
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001013871
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 4:38 PM ET
- Size
- 15.6 KB