Fawaz Marwan 4
Research Summary
AI-generated summary
NRG Director Fawaz Marwan Receives Award of 1,422 Shares
What Happened
- Fawaz Marwan, a director of NRG Energy, Inc. (NRG), was issued 1,422 Deferred Stock Units under the company's Long-Term Incentive Plan and received one share of common stock for each unit on June 1, 2026. The filing reports an acquisition (award) of 1,422 shares at $0.00 per share (no cash purchase).
Key Details
- Transaction date: June 1, 2026 (Form 4 filed June 3, 2026).
- Transaction type/code: Award/Grant (A).
- Amount: 1,422 Deferred Stock Units issued and converted to 1,422 shares.
- Price reported: $0.00 per share (issued as compensation; no cash paid).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The units were Deferred Stock Units (DSUs) each equivalent to one share; on June 1, 2026 the Reporting Person received one share of Common Stock in exchange for each DSU issued (footnote F1).
- Timeliness: Form 4 was filed two days after the transaction date; no late filing indication in the record.
Context
- This was an equity award/compensation event (common for directors) rather than an open-market purchase or sale. Such awards are part of routine compensation and do not in themselves indicate a buy or sell decision by the insider. The filing documents issuance and conversion of DSUs into shares rather than an option exercise or market trade.