NRG (NRG) CFO Bruce Chung reports equity vesting and share surrender for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NRG Energy EVP & CFO Bruce Chung reported equity award vesting and related tax withholding transactions. On June 5, 2026, 22,328 Relative Performance Stock Units vested under NRG's Long-Term Incentive Plan, along with an incremental 1,410 Dividend Equivalent Rights, each equal in value to one common share. Separately, 2,330 shares from a 6,975-share RSU grant vested, triggering an additional 147 Dividend Equivalent Rights.
To satisfy tax withholding obligations from these vestings, Chung surrendered 12,142 shares and 1,267 shares of common stock back to the company instead of using cash. These dispositions are characterized as tax-withholding events, not open-market sales, and the filing reflects continued direct ownership of NRG common stock and Dividend Equivalent Rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,738 shares exercised/converted
Mixed
6 txns
Insider
Chung Bruce
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Dividend Equivalent Rights | 1,410 | $129.20 | $182K |
| Exercise | Relative Performance Stock Units | 22,328 | $129.20 | $2.88M |
| Exercise | Common Stock, par value $.01 per share | 22,328 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 1,410 | $129.20 | $182K |
| Tax Withholding | Common Stock, par value $.01 per share | 1,267 | $129.20 | $164K |
| Tax Withholding | Common Stock, par value $.01 per share | 12,142 | $129.20 | $1.57M |
Holdings After Transaction:
Dividend Equivalent Rights — 1,410 shares (Direct, null);
Relative Performance Stock Units — 0 shares (Direct, null);
Common Stock, par value $.01 per share — 101,591 shares (Direct, null)
Footnotes (1)
- 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. 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. 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. 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.
Key Figures
RPSUs vested: 22,328 units
DERs vested with RPSUs: 1,410 rights
RSU grant size: 6,975 RSUs
+5 more
8 metrics
RPSUs vested
22,328 units
Relative Performance Stock Units vested on June 5, 2026
DERs vested with RPSUs
1,410 rights
Dividend Equivalent Rights vesting tied to RPSUs
RSU grant size
6,975 RSUs
RSUs issued on June 5, 2023 under long-term plan
RSUs vested
2,330 shares
Shares vesting from RSU grant on June 5, 2026
Shares surrendered for RPSU tax
12,142 shares
Common stock surrendered to satisfy tax on RPSU vesting
Shares surrendered for RSU tax
1,267 shares
Common stock surrendered to satisfy tax on RSU vesting
Total tax withholding shares
13,409 shares
Aggregate shares used for tax withholding per summary
Derivative exercises
23,738 shares
Total underlying shares from derivative exercises
Key Terms
Relative Performance Stock Units, Dividend Equivalent Rights, RSUs, Long-Term Incentive Plan, +1 more
5 terms
Relative Performance Stock Units financial
"The Reporting Person was issued 22,328 Relative Performance Stock Units by NRG Energy, Inc."
Relative performance stock units are a type of share-based pay that vests and pays out only if the company’s stock does better or worse than a predefined group of peers or a market benchmark over a set period. Imagine a race where rewards depend not on finishing time alone but on beating the other runners; for investors this matters because it links executives’ pay to competitive results and can dilute shares if large payouts occur.
Dividend Equivalent Rights financial
"an incremental 1,410 Dividend Equivalent Rights vested. Each DER is the economic equivalent of one share"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
RSUs financial
"the Reporting Person was issued 6,975 RSUs by NRG under the NRG Energy, Inc. Long-Term Incentive Plan"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Long-Term Incentive Plan financial
"by NRG Energy, Inc. under NRG's Long-Term Incentive Plan that vested subject to certain performance conditions"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax withholding obligation financial
"The Reporting Person elected to satisfy their tax obligation upon the exchange of Common Stock for RSUs"
FAQ
What insider transactions did NRG (NRG) CFO Bruce Chung report?
Bruce Chung reported vesting of performance-based and time-based equity awards and related tax withholding. Relative Performance Stock Units, RSUs, and Dividend Equivalent Rights converted into common stock, and some shares were surrendered back to NRG to cover associated tax obligations instead of being sold on the market.
How many Relative Performance Stock Units vested for NRG CFO Bruce Chung?
A total of 22,328 Relative Performance Stock Units vested for Bruce Chung on June 5, 2026. These units were granted under NRG’s Long-Term Incentive Plan and settled in common stock, reflecting performance-based compensation rather than open-market purchases of NRG shares.
What are Dividend Equivalent Rights in the NRG (NRG) Form 4 filing?
Dividend Equivalent Rights, or DERs, are awards economically equivalent to one share of common stock. In this filing, 1,410 DERs vested with the RPSUs, and 147 DERs vested with RSUs, increasing Chung’s derivative-based compensation tied to NRG’s common stock performance and dividends.
What RSU activity did the NRG (NRG) Form 4 disclose for Bruce Chung?
The Form 4 notes a 6,975-share RSU grant from June 5, 2023, with 2,330 shares vesting on June 5, 2026. To meet tax withholding on this vesting, 1,267 common shares were surrendered, and 147 related Dividend Equivalent Rights vested, increasing equity-linked compensation.
Is the NRG (NRG) Form 4 for Bruce Chung a routine compensation event?
The transactions reflect routine vesting of long-term incentive awards and related tax withholding. They involve RPSUs, RSUs, and Dividend Equivalent Rights converting into NRG common stock, with shares surrendered to cover taxes rather than discretionary open-market buying or selling activity.