Carter Matthew Jr 4
Research Summary
AI-generated summary
NRG Director Carter Matthew Jr Receives 1,499 Deferred Stock Units
What Happened
- Carter Matthew Jr, a director of NRG Energy, Inc. (NRG), was granted 1,499 Deferred Stock Units (DSUs) on 2026-06-01. The Form 4 reports the acquisition as an award (code A) at $0.00 per unit — this is a compensation grant, not an open‑market purchase or sale.
- Each DSU is equivalent in value to one share of NRG common stock and will be converted into one share of common stock when the reporting person’s service on the Board terminates. The filing reports $0 cash paid for the award (standard for deferred compensation grants).
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (filed within the normal two-business-day window).
- Transaction type/code: Award/Grant (A); price per unit: $0.00; units granted: 1,499 DSUs.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 — 1,499 Deferred Stock Units issued under NRG’s Long‑Term Incentive Plan; conversion to one share per DSU occurs upon board-service termination. F2 — the filing also references 5,383 Dividend Equivalent Rights (DERs) tied to holdings.
- Timeliness: No late filing flag; filing date indicates timely reporting.
Context
- Deferred Stock Units and Dividend Equivalent Rights are compensation vehicles that defer share delivery and mimic economic ownership (including dividend equivalents) until a triggering event (here, end of board service). Such awards reflect compensation policy and are not direct buy/sell signals about the insider’s market view.
- For retail investors, note this is a grant of deferred compensation rather than an outright purchase or sale of stock.