4//SEC Filing
Fornaro Alberto 4
Accession 0001225208-22-000327
CIK 0001013871other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 8:57 PM ET
Size
8.9 KB
Accession
0001225208-22-000327
Insider Transaction Report
Form 4
Fornaro Alberto
Executive Vice Pres & CFO
Transactions
- Award
Common Stock, par value $.01 per share
2022-01-02+13,884→ 25,022 total - Award
Relative Performance Stock Units
2022-01-02+21,153→ 21,153 totalExercise: $0.00From: 2025-01-02Exp: 2025-01-02→ Common Stock, par value $.01 per share (21,153 underlying)
Footnotes (5)
- [F1]Represents Restricted Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Amended and Restated Long-Term Incentive Plan ("LTIP").
- [F2]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 that will vest ratably over a three year period beginning on the first anniversary of the date of grant.
- [F3]The Reporting Person was issued 21,153 Relative Performance Stock Units ("RPSUs") by NRG Energy, Inc. under the LTIP on January 2, 2022. The RPSUs will convert to shares of NRG Common Stockon January 2, 2025 only in the event the Company has achieved a certain level of total shareholder return ("TSR") relative to the Peer Group (defined below) over a three-year performance period. The numberof shares of Common Stock that the Reporting Person may receive is interpolated for TSR falling between Threshold, Target, and Maximum levels as described below.
- [F4]Reporting Person will receive(i) a maximum of 42,306 shares of Common Stock if Company's TSR is ranked at or above the 75th percentile relative to a peer group of companies approved by the Company's Compensation Committee (the "Peer Group") for the performance period (the "Maximum"); (ii) 21,153 shares of Common Stock if Company's TSR is ranked at the 55th percentile relative to the Peer Group for the performance period (the "Target"); provided, however, if TSR is less than negative fifteen percent (-15%), the Company's TSR must be ranked at the 65th percentile relative to the Peer Group for the performance period to receive the Target award; or (iii) 5,288 shares of Common Stock if Company's TSR is ranked at the 25th percentile relative to the Peer Group for the performance period(the "Threshold"). The Reporting Person will not receive any shares of Common Stock if Company's TSR is below the 25th percentile relative to the Peer Group for the performance period.
- [F5]The Maximum award that the Reporting Person will receive shall not exceed six (6) times the fair market value of the Target award, determined as of the date of grant.
Documents
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeother
Related Parties
1- filerCIK 0001449431
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 8:57 PM ET
- Size
- 8.9 KB