<SEC-DOCUMENT>0001225208-21-000408.txt : 20210105
<SEC-HEADER>0001225208-21-000408.hdr.sgml : 20210105
<ACCEPTANCE-DATETIME>20210105213541
ACCESSION NUMBER:		0001225208-21-000408
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210102
FILED AS OF DATE:		20210105
DATE AS OF CHANGE:		20210105

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Andrews Kirkland B
		CENTRAL INDEX KEY:			0001529284

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15891
		FILM NUMBER:		21508792

	MAIL ADDRESS:	
		STREET 1:		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:		804 CARNEGIE CENTER
		STREET 2:		-
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540
		BUSINESS PHONE:		609-524-4500

	MAIL ADDRESS:	
		STREET 1:		804 CARNEGIE CENTER
		STREET 2:		-
		CITY:			PRINCETON
		STATE:			NJ
		ZIP:			08540

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NRG ENERGY INC
		DATE OF NAME CHANGE:	19960509
</SEC-HEADER>
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<SEQUENCE>1
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        <issuerName>NRG ENERGY, INC.</issuerName>
        <issuerTradingSymbol>NRG</issuerTradingSymbol>
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            <rptOwnerName>Andrews Kirkland B</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PRINCETON</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>08540</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <officerTitle>Exec VP &amp; Chief Financial Offi</officerTitle>
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    <footnotes>
        <footnote id="F1">The Reporting Person was issued 25,305 RPSUs by NRG under the LTIP on January 2, 2018 that vested on January 2, 2021. On the vesting date the Reporting Person was entitled to receive a maximum of 50,610 shares of Common Stock if the company achieved 100% increase in total shareholder return since the grant date (the &quot;Maximum&quot;), 25,305 shares of Common Stock if there is no change in total shareholder return since the grant date (the &quot;Target&quot;) or 6,326 shares of Common Stock if there is a 25% decrease in total shareholder return since the grant date (the &quot;Threshold&quot;). The Reporting Person wouldnot have received any shares of Common Stock if total shareholder return had decreased by more than 25% since the grant date. The number of shares that the Reporting Person could have received in interpolated for total shareholder return fall between Threshold, Target and Maximum levels. On January 2, 2021 the reporting person vested in 31,884 shares.</footnote>
        <footnote id="F2">Represents Restricted Stock Units issued to the Reporting Person under NRG Energy, Inc.'s Amended and Restated Long-Term Incentive Plan (&quot;LTIP&quot;).</footnote>
        <footnote id="F3">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.</footnote>
        <footnote id="F4">In connection with the vesting of the RPSUs described above, an incremental 1,377 DERs vested. Dividend equivalent rights accrue on the Reporting Person's restricted stock units or relative performance stock units, which become exercisable proportionately with the restricted stock units or relative performance stock units to which they relate and may only be settled in NRG common stock. Each dividend equivalent right is the economic equivalent of one share of NRG common stock.</footnote>
        <footnote id="F5">On January 2, 2019, the Reporting Person was issued 11,962 Restricted Stock Units (&quot;RSUs&quot;) by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Each RSU is equivalentin value to one share of NRG's common stock, par value $.01. On January 2, 2021 3,983 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 1,906 shares of common stock to satisfy the grantee's tax withholding obligation.</footnote>
        <footnote id="F6">In connection with the vesting of the RSUs described above, 156 DERs vested, resulting in the Reporting Person holding 814 dividend equivalent rights in the aggregate. Dividend equivalent rights accrue on the Reporting Person's  restricted stock units or relative performance stock units, which become exercisable proportionately with the restricted stock units or relative performance stock units.</footnote>
        <footnote id="F7">On January 2, 2020, the Reporting Person was issued 12,102 Restricted Stock Units (&quot;RSUs&quot;) by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Each RSU is equivalent in value to one share of NRG's common stock, par value $.01. On January 2, 2021 4,029 shares vested.  The Reporting Person elected to satisfy their tax obligation upon the exchange of common stock for RSUs having avalue on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 1,930 shares of common stock to satisfy the grantee's tax withholding obligation.</footnote>
        <footnote id="F8">In connection with the vesting of the RSUs described above, 145 DERs vested, resulting in the Reporting Person holding 669 dividend equivalent rights in the aggregate. Dividend equivalent rights accrue on the Reporting Person's restricted stock units or relative performance stock units, which become exercisable proportionately with the restricted stock units or relative performance stock units.</footnote>
        <footnote id="F9">On January 2, 2018, the Reporting Person was issued 15,427 Restricted Stock Units (&quot;RSUs&quot;) by NRG Energy, Inc. under NRG Energy, Inc.'s Amended and Restated Long Term Incentive Plan. Each RSU is equivalentin value to one share of NRG's common stock, par value $.01. On January 2, 2021 5,153 shares vested.  The Reporting Person elected to satisfy their tax obligation upon the exchange of common stock for RSUs having avalue on the date of the exchange equal to the withholding obligation. This form reflects the surrender of 2,663 shares of common stock to satisfy the grantee's tax withholding obligation.</footnote>
        <footnote id="F10">In connection with the vesting of the RSUs described above, 222 DERs vested, resulting in the Reporting Person holding 447 dividend equivalent rights in the aggregate. Dividend equivalent rights accrue on the Reporting Person's  restricted stock units or relative performance stock units, which become exercisable proportionately with the restricted stock units or relative performance stock units.</footnote>
        <footnote id="F11">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 18,997 shares of common stock to satisfy the grantee's tax withholding obligation</footnote>
        <footnote id="F12">The Reporting Person was issued 25,305 RPSUs by NRG under the LTIP on January 2, 2018 that vested on January 2, 2021. On the vesting date the Reporting Person was entitled to receive a maximum of 50,610 shares of Common Stock if the company achieved 100% increase in total shareholder return since the grant date (the &quot;Maximum&quot;), 25,305 shares of Common Stock if there is no change in total shareholder return since the grant date (the &quot;Target&quot;) or 6,326 shares of Common Stock if there is a 25% decrease in total shareholder return since the grant date (the &quot;Threshold&quot;). The Reporting Person would not have received any shares of Common Stock if total shareholder return had decreased by more than 25% since the grant date. The number of shares that the Reporting Person could have received in interpolated for total shareholder return fall between Threshold, Target and Maximum levels. On January 2, 2021 the reporting person vested in 31,884 shares.</footnote>
        <footnote id="F13">The Reporting Person was issued 19,263 Relative Performance Stock Units (&quot;RPSUs&quot;) by NRG Energy, Inc. under the LTIP on January 2, 2021. The RPSUs will convert to shares of NRG Common Stockon January 2, 2024 only in the event the Company has achieved a certain level of total shareholder return (&quot;TSR&quot;) 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.</footnote>
        <footnote id="F14">Reporting Person will receive(i) a maximum of 38,526 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 &quot;Peer Group&quot;) for the performance period (the &quot;Maximum&quot;); (ii) 19,263 shares of Common Stock if Company's TSR is ranked at the 55th percentile relative to the Peer Group for the performance period (the &quot;Target&quot;); 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) 4,815 shares of Common Stock if Company's TSR is ranked at the 25th percentile relative to the Peer Group for the performance period(the &quot;Threshold&quot;). 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.</footnote>
        <footnote id="F15">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Christine Zoino, by Power of Attorney</signatureName>
        <signatureDate>2021-01-05</signatureDate>
    </ownerSignature>
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</SEC-DOCUMENT>
