NRG Energy SVP & CAO Receives Dividend Equivalent Rights

Overview

On November 4, 2026, a Form 4 filing was submitted for NRG Energy, Inc. ($NRG) detailing a transaction by Gerald Alfred Spencer, Senior Vice President and Chief Accounting Officer.

Transaction Details

• Date of Transaction: November 2, 2026
• Transaction Code: A (Grant, award, or other acquisition)
• Security: Common Stock, par value $0.01 per share
• Shares Acquired: 21 shares
• Price per Share: $0.00
• Total Transaction Value: $0.00
• Ownership Nature: Direct
• Post-Transaction Beneficial Ownership: 6,286 shares

Additional Context & Footnotes

• The reported 21 shares represent dividend equivalent rights accrued on deferred stock units and/or restricted stock units. These rights become exercisable proportionately with the underlying equity units and are settled exclusively in NRG common stock.
• The total beneficial ownership also incorporates 50 shares acquired through the company's Employee Stock Purchase Plan (ESPP) since the officer's prior filing, as well as a fractional rounding adjustment of 2 shares.
• As of this filing, the officer holds 147 dividend equivalent rights in total.

Market Significance

This filing represents routine equity award adjustments via dividend equivalent rights rather than discretionary open-market buying or selling. Consequently, its market significance is rated as Low.