NRG Energy EVP Matthew Pistner Receives Dividend Equivalent Rights

Executive Summary

On November 2, 2026, Matthew Pistner, EVP and President of NRG Wholesale at NRG Energy, Inc. ($NRG), acquired 25 shares of Common Stock at $0.00 per share pursuant to dividend equivalent rights.

Transaction Details

• Security: Common Stock, par value $.01 per share
• Transaction Code: A (Grant, award, or other acquisition)
• Shares Acquired: 25
• Transaction Price: $0.00 (Award/Dividend Equivalent)
• Total Transaction Value: $0.00
• Post-Transaction Beneficial Ownership: 48,428 shares (Direct)

Additional Footnote Context

Footnote 1 indicates that the 25 shares represent dividend equivalent rights accrued on deferred stock units and/or restricted stock units that settle in NRG common stock. Furthermore, the updated post-transaction holdings reflect:

• 26 shares acquired under NRG's Employee Stock Purchase Plan (ESPP) since the last filing.
• An adjustment of 18 shares correcting holdings previously reported on Form 3.
• A total of 161 dividend equivalent rights.

Market & Governance Impact

This filing reflects a routine non-discretionary accrual of dividend equivalent rights rather than an active open-market purchase or sale. As such, the trading significance is rated as Low.