4//SEC Filing
Hoffmann M Stephen 4
Accession 0001209191-10-001993
CIK 0001013871other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:20 PM ET
Size
14.4 KB
Accession
0001209191-10-001993
Insider Transaction Report
Form 4
Hoffmann M Stephen
SVP, Region Pres, West Region
Transactions
- Award
Non-Qualified Stock Options
2010-01-04+8,300→ 8,300 totalExercise: $23.87From: 2011-01-04Exp: 2020-01-04→ Common Stock, par value $.01 per share (8,300 underlying) - Award
Common Stock, par value .01 per share
2010-01-04+3,700→ 11,546 total - Award
Performance Units
2010-01-04+3,800→ 3,800 totalFrom: 2013-01-04Exp: 2013-01-04→ Common Stock, par value $.01 per share (7,600 underlying)
Footnotes (5)
- [F1]Represents Restricted Stock Units issued to Mr. Hoffmann by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan.
- [F2]Each Restricted Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $0.01. Mr. Hoffmann will receive from NRG Energy, Inc. one such share of Common Stock for each Restricted Stock Unit on January 4, 2013.
- [F3]Pursuant to the Grant Agreement by and between NRG Energy, Inc. and Mr. Hoffmann, the Stock Options will vest and become exercisable as follows: 33 1/3% on January 4, 2011; 33 1/3% on January 4, 2012; and, 33 1/3% on January 4, 2013.
- [F4]Stock Options expire ten years from the date of grant.
- [F5]Mr. Hoffmann was issued 3,800 Performance Units by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan on January 4, 2010. Each Performance Unit will be paid out on January 4, 2013 if the average of the closing price of NRG's Common Stock on January 4, 2013 and the nineteen preceding tracking days (the "Measurement Price") is equal to or greater than $31.97 (the "Threshold Price"). The payout for each PU will be equal to a pro-rated amount in between one-half and one share of common stock if the Measurement Price equals or exceeds the Threshold Price but less than $34.69 (the "Target Price"). The payout for each PU will be equal to a pro-rated amount in between one and two shares of common stock if the Measurement Price is equal to the Target Price but less than $40.57 (the "Maximum Price"). The payout for each PU will be equal to two shares of common stock if the Measurement Price is equal to or greater than the Maximum Price.
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeother
Related Parties
1- filerCIK 0001361282
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:20 PM ET
- Size
- 14.4 KB