0001225208-21-012140.txt : 20210908
0001225208-21-012140.hdr.sgml : 20210908
20210908165910
ACCESSION NUMBER: 0001225208-21-012140
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210903
FILED AS OF DATE: 20210908
DATE AS OF CHANGE: 20210908
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Callen David
CENTRAL INDEX KEY: 0001636160
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-15891
FILM NUMBER: 211242750
MAIL ADDRESS:
STREET 1: NRG ENERGY, INC.
STREET 2: 211 CARNEGIE CENTER
CITY: PRINCETON
STATE: NJ
ZIP: 08540
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: NRG ENERGY, INC.
CENTRAL INDEX KEY: 0001013871
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 411724239
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 910 LOUISIANA STREET
CITY: HOUSTON
STATE: TX
ZIP: 77002
BUSINESS PHONE: 713-537-3000
MAIL ADDRESS:
STREET 1: 910 LOUISIANA STREET
CITY: HOUSTON
STATE: TX
ZIP: 77002
FORMER COMPANY:
FORMER CONFORMED NAME: NRG ENERGY INC
DATE OF NAME CHANGE: 19960509
4
1
doc4.xml
X0306
4
2021-09-03
0001013871
NRG ENERGY, INC.
NRG
0001636160
Callen David
804 CARNEGIE CENTER
PRINCETON
NJ
08540
1
Sr VP & Chief Accounting Offic
Common Stock, par value $.01 per share
2021-09-03
4
A
0
772.0000
0
A
21196.0000
D
Relative Performance Stock Units
0.0000
2021-09-03
4
A
0
1274.0000
0.0000
A
2024-09-03
2024-09-03
Common Stock, par value $.01 per share
1274.0000
1274.0000
D
On September 3, 2021, the reporting person received a supplemental grant in connection with an increase in equity compensation for eligible plan participants under the NRG Energy, Inc. (the "Company") Long Term Incentive Plan (the "LTIP") as determined by the Compensation Committee (the "Committee"). The adjustment was made following a review by the Committee of the Company's compensation structure as part of the integration of Direct Energy and the continued evaluation of the size and scope of the Company's business.
Each RSU is equivalent in value to one share of NRG's Common Stock, par value $.01 per share. The Reporting Person will receive from NRG one such share of Common Stock for each RSU that will vest ratably over a three year period beginning on the first anniversary of the date of grant.
The Reporting Person was issued 1,274 Relative Performance Stock Units ("RPSUs") by NRG Energy, Inc. under the LTIP on September 3, 2021. The RPSUs will convert to shares of NRG Common Stock on September 3, 2024 only in the event the Company has achieved a certain level of total shareholder return ("TSR") relative to the Peer Group (defined below) over a three-year performance period. The numberof shares of Common Stock that the Reporting Person may receive is interpolated for TSR falling between Threshold, Target, and Maximum levels as described below.
Reporting Person will receive(i) a maximum of 2,548 shares of Common Stock if Company's TSR is ranked at or above the 75th percentile relative to a peer group of companies approved by the Company's Compensation Committee (the "Peer Group") for the performance period (the "Maximum"); (ii) 1,274 shares of Common Stock if Company's TSR is ranked at the 55th percentile relative to the Peer Group for the performance period (the "Target"); provided, however, if TSR is less than negative fifteen percent (-15%), the Company's TSR must be ranked at the 65th percentile relative to the Peer Group for the performance period to receive the Target award; or (iii) 318 shares of Common Stock if Company's TSR is ranked at the 25th percentile relative to the Peer Group for the performance period(the "Threshold"). The Reporting Person will not receive any shares of Common Stock if Company's TSR is below the 25th percentile relative to the Peer Group for the performance period.
The Maximum award that the Reporting Person will receive shall not exceed six (6) times the fair market value of the Target award, determined as of the date of grant.
Christine Zoino, by Power of Attorney
2021-09-08