4//SEC Filing
Hoffmann M Stephen 4
Accession 0001209191-09-001718
CIK 0001013871other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 4:55 PM ET
Size
16.9 KB
Accession
0001209191-09-001718
Insider Transaction Report
Form 4
Hoffmann M Stephen
SVP, Region Pres, West Region
Transactions
- Award
Performance Units
2009-01-02+7,600→ 7,600 totalFrom: 2012-01-02Exp: 2012-01-02→ Common Stock, par value $.01 per share (7,600 underlying) - Award
Common Stock, par value .01 per share
2009-01-02+1,900→ 8,523 total - Award
Non-Qualified Stock Options
2009-01-02+15,800→ 15,800 totalExercise: $23.64From: 2010-01-02Exp: 2015-01-02→ Common Stock, par value $.01 per share (15,800 underlying) - Tax Payment
Common Stock, par value .01 per share
2009-01-03−338→ 8,185 total
Footnotes (7)
- [F1]Represents Restricted Stock Units issued to Mr. Hoffmann by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan.
- [F2]Each Restricted Stock Unit is equivalent in value to one share of NRG Energy, Inc.'s Common Stock, par value $0.01. Mr. Hoffmann will receive from NRG Energy, Inc. one such share of Common Stock for each Restricted Stock Unit on January 2, 2012.
- [F3]Includes 340 shares acquired under NRG Energy, Inc.'s Employee Stock Purchase Plan on December 31, 2008.
- [F4]On January 3, 2006, Mr. Hoffmann was issued 800 Restricted Stock Units ("RSU's") by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan (the "LTIP"). Each RSU is equivalent in value to one share of NRG's Common Stock, par value $0.01. On January 3, 2009, the RSUs vested. Pursuant to the LTIP, Mr. Hoffmann elected to satisfy his tax withholding obligation upon the exchange of common stock for RSUs by surrendering a number of shares of common stock having a value on the date of the exchange equal to the tax withholding obligation. This form is being filed to reflect the surrender of 338 shares of common stock to satisfy the grantee's tax withholding obligation.
- [F5]Pursuant to the Grant Agreement by and between NRG Energy, Inc. and Mr. Hoffmann, the Stock Options will vest and become exercisable as follows: 33 1/3% on January 2, 2010, 33 1/3% on January 2, 2011 and 33 1/3% on January 2, 2012.
- [F6]Stock Options expire six years from the date of grant.
- [F7]Mr. Hoffmann was issued 3,800 Performance Units by NRG Energy, Inc. under NRG Energy, Inc.'s Long Term Incentive Plan on January 2, 2009. Each Performance Unit will be paid out on January 2, 2012 if the closing price of NRG's Common Stock January 2, 2012 (the "Measurement Price") is equal to or greater than $30.61 (the "Threshold Price"). The payout for each PU will be equal to a pro-rated amount in between one-half and one share of common stock if the Measurement Price equals or exceeds the Threshold Price but less than $33.21 (the "Target Price"). The payout for each PU will be equal to a pro-rated amount in between one and two shares of common stock if the Measurement Price is equal to the Target Price but less than $38.84 (the "Maximum Price"). The payout for each PU will be equal to two shares of common stock if the Measurement Price is equal to or greater than the Maximum Price.
Issuer
NRG ENERGY, INC.
CIK 0001013871
Entity typeother
Related Parties
1- filerCIK 0001361282
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 4:55 PM ET
- Size
- 16.9 KB