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NRG Energy | 3: Initial statement of beneficial ownership of securities-Officer Liyanearachchi Dak

SEC ·  Jan 7 05:59

Summary by Moomoo AI

NRG Energy has appointed Dak Liyanearachchi as Executive VP and Chief Technology Officer, effective January 1, 2025. This appointment is disclosed in a Form 3 filing with the SEC, indicating Liyanearachchi's initial statement of beneficial ownership of NRG securities.Liyanearachchi directly owns 44,081 shares of NRG common stock, including 19,338 Restricted Stock Units (RSUs) that will vest in tranches from 2025 to 2027. Additionally, he holds Relative Performance Stock Units (RPSUs) that vest subject to performance conditions: 8,749 units vesting in 2025, 13,798 in 2026, and 8,361 in 2027.The filing also notes Dividend Equivalent Rights (DERs) accrued on the RSUs, settleable only in NRG common stock. This appointment and stock ownership structure align the new executive's interests with the company's performance and shareholder value.
NRG Energy has appointed Dak Liyanearachchi as Executive VP and Chief Technology Officer, effective January 1, 2025. This appointment is disclosed in a Form 3 filing with the SEC, indicating Liyanearachchi's initial statement of beneficial ownership of NRG securities.Liyanearachchi directly owns 44,081 shares of NRG common stock, including 19,338 Restricted Stock Units (RSUs) that will vest in tranches from 2025 to 2027. Additionally, he holds Relative Performance Stock Units (RPSUs) that vest subject to performance conditions: 8,749 units vesting in 2025, 13,798 in 2026, and 8,361 in 2027.The filing also notes Dividend Equivalent Rights (DERs) accrued on the RSUs, settleable only in NRG common stock. This appointment and stock ownership structure align the new executive's interests with the company's performance and shareholder value.
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