Chung Bruce 4

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.