Chung Bruce 4
4 · NRG ENERGY, INC. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
NRG CFO Bruce Chung Receives Restricted Performance Stock Award
What Happened
Bruce Chung, Executive Vice President & Chief Financial Officer of NRG Energy (NRG), received equity awards from the company. The Form 4 shows a grant of 13,423 restricted performance stock units (RPSUs) on April 30, 2026 (derivative award) and a separate 57-share award reported May 1, 2026. Both transactions were recorded at $0.00 per share because they are compensatory grants rather than open-market purchases.
Key Details
- Transaction dates and prices:
- Apr 30, 2026 — 13,423 RPSUs granted at $0.00 (derivative award).
- May 1, 2026 — 57 shares granted at $0.00 (award/acquisition).
- Vesting/performance: The 13,423 RPSUs were issued under NRG’s Long Term Incentive Plan and vest on April 30, 2029, subject to certain performance conditions (footnote F2).
- Dividend equivalents: Footnote F1 notes dividend-equivalent rights accrued on deferred stock units/RSUs and states these rights may only be settled in NRG common stock; the footnote indicates a total of 525 dividend-equivalent rights are included.
- Shares owned after transaction: Not specified in the available filing excerpt.
- Filing timeliness: Report filed May 4, 2026. Given the reported transaction dates (Apr 30 and May 1), the Form 4 appears to have been filed within the usual two-business-day window.
Context
These entries are compensatory equity awards (not open-market purchases or sales). RPSUs are derivative awards that do not immediately transfer tradable shares — they convert to stock only if/when vesting and performance conditions are met. Dividend-equivalent rights accrue cash/dividend value that, per the footnote, will be settled in common stock rather than cash. Such grants are common components of executive compensation and do not by themselves indicate a personal buy or sell decision.
Insider Transaction Report
- Award
Common Stock, par value $.01 per share
[F1]2026-05-01+57→ 79,263 total - Award
Relative Performance Stock Units
[F2]2026-04-30+13,423→ 13,423 totalExercise: $0.00From: 2029-04-30Exp: 2029-04-30→ Common Stock, par value $.01 per share (13,423 underlying)
Footnotes (2)
- [F1]Represents dividend equivalent rights accrued on the Reporting Person's deferred stock units and or restricted stock units, which become exercisable proportionately with the underlying units to which they are related and may only be settled in NRG common stock. Each dividend right is the economic equivalent of one share of NRG common stock. Includes 525 dividend equivalent rights.
- [F2]On April 30, 2026, the Reporting Person was issued 13,423 RPSUs by NRG under the Company's Long Term Incentive Plan that vest on April 30, 2029, subject to certain performance conditions.