Gaudette Robert J 4

What Happened

• Robert J. Gaudette, President & CEO and a director of NRG Energy (NRG), received award-type equity on April 30–May 1, 2026. The filing reports a grant of 32,602 restricted performance stock units (RPSUs) on April 30, 2026 (derivative grant) and 47 dividend‑equivalent rights on May 1, 2026. Both items are recorded at $0 acquisition price (typical for equity awards).
• The 32,602 RPSUs are subject to performance conditions and vest on April 30, 2029 if those conditions are met. The dividend‑equivalent rights mirror the economic value of shares and are settled in NRG common stock.

Key Details

• Transaction dates and prices: 32,602 RPSUs granted 2026-04-30 @ $0.00; 47 dividend-equivalent rights recorded 2026-05-01 @ $0.00.
• Shares owned after transaction: Not specified in the Form 4 excerpt.
• Footnotes: F2 confirms the 32,602 awards are RPSUs under NRG’s Long Term Incentive Plan that vest 4/30/2029 subject to performance. F1 explains dividend equivalent rights accrue on deferred stock units/RSUs, are settled in stock, and are the economic equivalent of one share; the filing text also references "Includes 345 dividend equivalent rights."
• Filing timeliness: Form 4 was filed 2026-05-04 for transactions on 2026-04-30 and 2026-05-01; this appears to be beyond the standard two-business-day reporting window.

Context

• These transactions are grants of long‑term incentive awards, not open‑market purchases or sales. Awards pay out later only if vesting/performance conditions are met and therefore are not immediate cash or share inflows.
• Dividend‑equivalent rights are bookkeeping credits tied to awards (they increase the ultimate stock settlement) and do not represent a cash purchase or sale by the insider.