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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As of April 1, 2022, Chris Moser, Executive Vice President, Operations of NRG Energy, Inc. (the “Company”), transferred to a newly created leadership role with the Company as the Company’s Head of Competitive Markets and Policy. In this position, Mr. Moser will leverage his experience by promoting competitive markets and advancing the Company’s initiatives for customer choice in all states.
Effective April 1, 2022, Robert Gaudette, Senior Vice President, NRG Business of the Company, was promoted to Executive Vice President, NRG Business, and will be responsible for all products and services the Company sells to commercial, industrial and other businesses, as well as oversight of the power and natural gas marketing and trading businesses. Mr. Gaudette, age 49, has been with the Company since December 2012.
Mr. Gaudette will receive a base salary increase of $27,835 resulting in an annual base salary of $580,000. Mr. Gaudette will participate in the Company’s Annual Incentive Plan with a target level of 100% of his base salary and a maximum level of 200% of his base salary. He will also participate in the Company’s Long-Term Incentive Plan valued at 250% of his base salary, which will consist of a combination of restricted stock units and relative performance stock units, or other design as determined by the Compensation Committee. In addition, Mr. Gaudette will continue to be a participant in the Company’s Executive Change in Control and General Severance Plan. There are no transactions between Mr. Gaudette and the Company that are required to be reported under Item 404(a) of Regulation S-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| NRG Energy, Inc. | ||
| (Registrant) | ||
| Dated: April 1, 2022 | By: | /s/ Christine A. Zoino |
| Christine A. Zoino | ||
| Corporate Secretary | ||
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