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SEC Filing Details

10-K
NRG ENERGY, INC. filed this Form 10-K on 03/01/2018
Entire Document
 

The Company is no longer subject to U.S. federal income tax examinations for years prior to 2015. With few exceptions, state and local income tax examinations are no longer open for years before 2010.
The following table reconciles the total amounts of uncertain tax benefits:
 
As of December 31,
 
2017
 
2016
 
(In millions)
Balance as of January 1
$
34

 
$
32

Increase due to current year positions
4

 
8

Decrease due to prior year positions
(8
)
 

Decrease due to settlements and payments

 
(6
)
Uncertain tax benefits as of December 31
$
30

 
$
34

Note 20 — Stock-Based Compensation
NRG Energy, Inc. Long-Term Incentive Plan
On April 27, 2017, the NRG LTIP was amended to increase the number of shares available for issuance by 3,000,000. As of December 31, 2017 and 2016, a total of 25,000,000 and 22,000,000 shares of NRG common stock were authorized for issuance under the NRG LTIP, respectively. There were 8,724,595 and 7,487,058 shares of common stock remaining available for grants under the NRG LTIP as of December 31, 2017 and 2016, respectively. The NRG LTIP is subject to adjustments in the event of reorganization, recapitalization, stock split, reverse stock split, stock dividend, and a combination of shares, merger or similar change in NRG's structure or outstanding shares of common stock.
Upon adoption of the amended NRG LTIP effective April 27, 2017, no shares of NRG common stock remain available for future issuance under the NRG GenOn LTIP as of December 31, 2017. There were 5,558,390 shares of NRG common stock authorized for issuance under the NRG GenOn LTIP as of December 31, 2016. As of December 31, 2017 and 2016, there were 1,369,880 and 960,904 shares of common stock remaining available for grants under the NRG GenOn LTIP, respectively.
Non-Qualified Stock Options
NQSOs granted under the NRG LTIP and the NRG GenOn LTIP typically have three-year graded vesting schedules beginning on the grant date and become exercisable at the end of the requisite service period. NRG recognizes compensation costs for NQSOs over the requisite service period for the entire award. The maximum contractual term is 10 years for NRG's outstanding NQSOs. No NQSOs were granted in 2017, 2016 or 2015.
The following table summarizes the Company's NQSO activity and changes during the year:
 
Shares(a)
 
Weighted Average
Exercise Price
 
Weighted Average Remaining Contractual Term
 
Aggregate Intrinsic Value
 
 
 
(In years)
 
 (In millions)
Outstanding at December 31, 2016
1,522,919

 
$
25.03

 
3
 
$

Forfeited
(50,001
)
 
29.35

 
 
 
 
Exercised
(187,060
)
 
20.71

 
 
 
 
Outstanding at December 31, 2017
1,285,858

 
25.49

 
3
 
6

Exercisable at December 31, 2017
1,285,858

 
25.49

 
3
 
6

(a) As of December 31, 2017, 51,207 NQSOs granted to employees of GenOn remain outstanding and exercisable.
The following table summarizes the total intrinsic value of options exercised and the cash received from the exercises of options:
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
(In millions)
Total intrinsic value of options exercised
$
1

 
$

 
$
2

Cash received from options exercised
4

 

 
9

There were no options exercised during the year ended December 31, 2016.

196