Chung Bruce 4
4 · NRG ENERGY, INC. · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
NRG CFO Bruce Chung Exercises RPSUs, Surrenders Shares for Taxes
What Happened
Bruce Chung, EVP & CFO of NRG Energy (NRG), had long‑term incentive awards vest on June 5, 2026. As reported on the Form 4 filed June 9, 2026, 22,328 Relative Performance Stock Units vested and were converted to common shares; those 22,328 shares were disposed at $129.20 each for proceeds of $2,884,778. In addition, Chung surrendered 12,142 shares (from the RPSUs) and 1,267 shares (from earlier RSUs) to satisfy tax withholding obligations, valued at $1,568,746 and $163,696 respectively. Combined proceeds/value of the dispositions and withholdings are approximately $4,617,220. The filing also shows dividend‑equivalent rights and a small additional conversion of RSU/DER units totaling roughly 1,410 shares (valued at $129.20 / $182,172).
Key Details
- Transaction date: June 5, 2026; Form 4 filed June 9, 2026.
- Prices shown: $129.20 per share for the disposed shares.
- Major actions: 22,328 RPSUs vested and converted to shares; 12,142 shares surrendered for RPSU tax withholding; 1,267 shares surrendered for RSU tax withholding; 22,328 shares disposed/sold at $129.20.
- Approximate total value realized/used for withholding: ~$4.62 million.
- Footnotes: F1–F4 explain vesting of 22,328 RPSUs, vesting of 1,410 dividend equivalent rights (DERs), prior‑issued RSUs with partial vesting and share surrender to cover taxes, and the surrender of 12,142 shares to satisfy RPSU withholding.
- Shares owned after the transactions: not provided in the summary data here — see the filed Form 4 for current holdings.
- Filing timeliness: Form 4 filed June 9 reporting June 5 transactions (see filing for exact timeliness status).
Context
This was not an open‑market buy — it reflects the vesting/conversion of performance and restricted stock units and internal “sell‑to‑cover” or surrender of shares to satisfy tax withholding. For retail investors, these types of filings typically reflect routine compensation vesting and tax withholding rather than a direct market view by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock, par value $.01 per share
[F1]2026-06-05+22,328→ 101,591 total - Exercise/Conversion
Common Stock, par value $.01 per share
[F2]2026-06-05$129.20/sh+1,410$182,172→ 103,001 total - Tax Payment
Common Stock, par value $.01 per share
[F3]2026-06-05$129.20/sh−1,267$163,696→ 101,734 total - Tax Payment
Common Stock, par value $.01 per share
[F4]2026-06-05$129.20/sh−12,142$1,568,746→ 89,592 total - Exercise/Conversion
Dividend Equivalent Rights
2026-06-05$129.20/sh+1,410$182,172→ 1,410 totalExercise: $0.00From: 2026-06-05Exp: 2026-06-05→ Common Stock, par value $.01 per share (1,410 underlying) - Exercise/Conversion
Relative Performance Stock Units
2026-06-05$129.20/sh−22,328$2,884,778→ 0 totalExercise: $0.00From: 2026-06-05Exp: 2026-06-05→ Common Stock, par value $.01 per share (22,328 underlying)
Footnotes (4)
- [F1]The Reporting Person was issued 22,328 Relative Performance Stock Units by NRG Energy, Inc. under NRG's Long-Term Incentive Plan that vested subject to certain performance conditions on June 5, 2026.
- [F2]In connection with the vesting of the RPSUs described above, an incremental 1,410 Dividend Equivalent Rights vested. Each DER is the economic equivalent of one share of Common Stock.
- [F3]On June 5, 2023, the Reporting Person was issued 6,975 RSUs by NRG under the NRG Energy, Inc. Long-Term Incentive Plan. On June 5, 2026, 2,330 shares vested. The Reporting Person elected to satisfy their tax obligation upon the exchange of Common Stock for RSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 1,267 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation. In connection with the vesting of the RSUs, 147 DERs vested, resulting in the Reporting Person holding 378 DERs in the aggregate.
- [F4]The Reporting Person elected to satisfy their tax withholding obligation upon the exchange of Common Stock for RPSUs having a value on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 12,142 shares of Common Stock to satisfy the Reporting Person's tax withholding obligation.