SEC Filings

10-K
NRG ENERGY, INC. filed this Form 10-K on 02/29/2016
Entire Document
 
                

PART II
Item 5 — Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information and Holders
NRG's authorized capital stock consists of 500,000,000 shares of NRG common stock and 10,000,000 shares of preferred stock. A total of 22,000,000 shares of the Company's common stock are authorized for issuance under the NRG LTIP. A total of 5,558,390 shares of NRG common stock were authorized for issuance under the NRG GenOn LTIP. For more information about the NRG LTIP and the NRG GenOn LTIP, refer to Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters and Item 15 — Note 20, Stock-Based Compensation, to the Consolidated Financial Statements. NRG has also filed with the Secretary of State of Delaware a Certificate of Designation for the 2.822% Convertible Perpetual Preferred Stock.
NRG's common stock is listed on the New York Stock Exchange and has been assigned the symbol: NRG. The high and low sales prices, as well as the closing price for the Company's common stock on a per share basis for 2015 and 2014 are set forth below:
Common Stock Price
Fourth
Quarter
2015
 
Third
Quarter
2015
 
Second
Quarter
2015
 
First
Quarter
2015
 
Fourth
Quarter
2014
 
Third
Quarter
2014
 
Second
Quarter
2014
 
First
Quarter
2014
High
$
16.11

 
$
23.22

 
$
26.93

 
$
27.90

 
$
33.92

 
$
37.39

 
$
38.09

 
$
32.04

Low
8.80

 
14.43

 
22.83

 
22.78

 
25.77

 
28.97

 
31.50

 
26.57

Closing
11.77

 
14.85

 
22.88

 
25.19

 
26.95

 
30.48

 
37.20

 
31.80

Dividends Per Common Share
$
0.145

 
$
0.145

 
$
0.145

 
$
0.145

 
$
0.140

 
$
0.140

 
$
0.140

 
$
0.120

NRG had 314,190,042 shares outstanding as of December 31, 2015. As of January 31, 2016, there were 314,890,647 shares outstanding, and there were 26,138 common stockholders of record.
Dividends
On January 18, 2016, NRG declared a quarterly dividend on the Company's common stock of $0.145 per share, or $0.58 per share on an annualized basis, payable on February 16, 2016, to stockholders of record as of February 1, 2016.
The Company's common stock dividends are subject to available capital, market conditions, and compliance with associated laws and regulations. On February 29, 2016, the Company announced a reduction in its common stock dividend to $0.12 per share on an annualized basis.
Repurchase of equity securities
The Company's board of directors authorized share repurchases of $481 million of its common stock under the 2015 Capital Allocation Program which began in December 2014 and was completed during 2015.
The following table reflects the repurchases made under the 2015 Capital Allocation Program during the three months ended December 31, 2015:
For the Three Months Ended December 31, 2015
 
Total number of shares purchased
 
Average price paid per share(a)
 
Total number of shares purchased under the 2015 Capital Allocation Program
 
Dollar value of shares that may be purchased under the 2015 Capital Allocation Program(b)
October 1, 2015 to October 31, 2015
 
5,558,920

 
$
15.03

 
5,558,920

 

November 1, 2015 to November 30, 2015
 

 

 

 

December 1, 2015 to December 31, 2015
 

 

 

 

Total
 
5,558,920

 
$
15.03

 
5,558,920

 
$

(a) The average price paid per share excludes commissions of $0.015 per share paid in connection with the share repurchases.
(b) Includes commissions of $0.015 per share paid in connection with the share repurchases.


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