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Changes in Capital Structure (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Changes in NRG's common shares issued and outstanding

As of September 30, 2022 and December 31, 2021, the Company had 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common stock issued and outstanding:

			Issued						Treasury						Outstanding
Balance as of December 31, 2021			423,547,174						(179,793,275)						243,753,899
Shares issued under LTIPs			347,365						—						347,365
Shares issued under ESPP			—						68,941						68,941
Shares repurchased			—						(12,045,068)						(12,045,068)
Balance as of September 30, 2022			423,894,539						(191,769,402)						232,125,137
Shares issued under LTIPs			2,462						—						2,462
Shares issued under ESPP			—						73,884						73,884
Shares repurchased			—						(1,817,278)						(1,817,278)
Balance as of October 31, 2022			423,897,001						(193,512,796)						230,384,205

Shares Repurchased

The following repurchases have been made during the nine months ended September 30, 2022, and through October 31, 2022:

			Total number of shares and share equivalents purchased						Average price paid per share and share equivalent						Amounts paid for shares and share equivalents purchased (in millions)
2022 repurchases
Repurchases(a)			12,045,068												$	483
Equivalent shares purchased in lieu of tax withholdings on equity compensation issuances(b)			150,448												6
Total Share Repurchases during the nine months ended September 30, 2022			12,195,516						$40.07						489
Repurchases made during October(a)			1,817,278												$	76
Equivalent shares purchased in October in lieu of tax withholdings on equity compensation issuances(b)			793												—
Total Share Repurchases January 1, 2022 through October 31, 2022			14,013,587						$40.28						$	565

(a)Includes $10 million and $6 million accrued as of September 30, 2022 and October 31, 2022, respectively

(b)NRG elected to pay cash for tax withholding on equity awards instead of issuing actual shares to management. The average price per equivalent shares withheld was $42.75 and $41.04 for the nine months ended September 30, 2022 and for October 2022, respectively

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