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NRG > SEC Filings for NRG > Form 8-K on 23-Jun-2014All Recent SEC Filings

Show all filings for NRG ENERGY, INC.

Form 8-K for NRG ENERGY, INC.


Other Events

Item 8.01 Other Events

NRG Energy, Inc., today announced that David Crane, its President and Chief Executive Officer, and Mauricio Gutierrez, its Chief Operating Officer, have adopted prearranged trading plans in order to exercise options that will expire at the end of 2014 and to sell other shares representing a portion of their current ownership of NRG stock for personal financial management purposes. The stock trading plans were adopted in accordance with the guidelines specified under Rule 10b5-1 of the Securities and Exchange Act of 1934.

Rule10b5-1 allows corporate executives to adopt trading plans to buy or sell shares of company stock when they are not in possession of material, non-public information. Under the plans, the stock sales are intended to be spread evenly over an extended period of time and reduce market impact.

Mr. Crane and Mr. Gutierrez will continue to hold ownership interests in NRG well in excess of the Company's current stock ownership guidelines, which are six times and two and a half times base salary, respectively.

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