Research Summary
AI-generated summary of this SEC filing
NRG CFO Bruce Chung Receives 55-Share Award
What Happened
- Bruce Chung, Executive Vice President & Chief Financial Officer of NRG Energy (NRG), was granted 55 shares on August 3, 2026. The Form 4 reports the acquisition as an award (transaction code A) at $0.00 per share (no cash paid). The filing also discloses 433 dividend-equivalent rights tied to deferred stock/restricted stock units that may be settled in NRG common stock (see footnote F1).
Key Details
- Transaction date: 2026-08-03; Form 4 filed: 2026-08-05 (timely filing).
- Transaction type/code: Award/Acquisition (A).
- Shares acquired: 55 at $0.00 per share (total cash paid $0.00).
- Footnote F1: 433 dividend-equivalent rights accrued on deferred/restricted units; each DER equals the economic equivalent of one NRG share and may only be settled in common stock.
- Shares owned after the transaction: not specified in the provided filing excerpt.
Context
- This was an equity award (compensation) rather than an open-market purchase or sale; such grants are routine components of executive pay and do not by themselves indicate the insider is buying or selling stock in the market.
- Dividend-equivalent rights simply accrue value tied to dividends on deferred/restricted units and are typically converted to shares when the related units vest.