NRG Energy Management

Management criteria checks 3/4

NRG Energy's CEO is Larry Coben, appointed in Nov 2023, has a tenure of less than a year. directly owns 0.07% of the company’s shares, worth €10.16M. The average tenure of the management team and the board of directors is 2.3 years and 5.3 years respectively.

Key information

Larry Coben

Chief executive officer

US$479.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.07%
Management average tenure	2.3yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

CEO

Larry Coben (64 yo)

less than a year

Tenure

US$479,036

Compensation

Dr. Lawrence Stephen Coben, also known as Larry, Ph. D. is Interim President and Chief Executive Officer at NRG Energy, Inc. since November 17, 2023. He served as the Chairman and Chief Executive Officer a...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Woo-Sung Chung	EVP & CFO	less than a year	US$5.05m	0.016% $ 2.4m
Elizabeth Killinger	Advisor	8.2yrs	US$3.91m	0.050% $ 7.3m
Robert Gaudette	Executive Vice President of NRG Business	10.3yrs	US$3.82m	0.032% $ 4.7m
Rasesh Patel	Executive VP of Smart Home & President of NRG Consumer and Vivint	1.1yrs	US$5.51m	0.023% $ 3.4m
Lawrence Coben	Interim President	less than a year	US$479.04k	0.070% $ 10.2m
Gerald Spencer	Senior VP & Chief Accounting Officer	less than a year	no data	no data
Dak Liyanearachchi	Senior Vice President of Data & Technology	2.3yrs	no data	no data
Michael Bramnick	Senior VP of Administration & Chief Compliance Officer	2.3yrs	no data	no data
Kevin Cole	Senior Vice President of Investor Relations	8.3yrs	no data	no data
Brian Curci	Executive VP of Legal & General Counsel	6.1yrs	US$2.03m	0.042% $ 6.2m
Gin Kinney	Senior Vice President of Marketing	2.3yrs	no data	no data
Judith Lagano	Senior Vice President of Asset Management	8.8yrs	no data	no data

2.3yrs

Average Tenure

50yo

Average Age

Experienced Management: NRA's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lawrence Coben	Interim President	20.3yrs	US$479.04k	0.070% $ 10.2m
Paul Hobby	Independent Director	18.1yrs	US$289.01k	0.044% $ 6.5m
Alexander Pourbaix	Independent Director	less than a year	US$234.33k	0.0019% $ 280.6k
Marwan Fawaz	Independent Director	less than a year	US$234.35k	0.0017% $ 249.9k
E. Abraham	Independent Director	11.3yrs	US$309.02k	0.0031% $ 454.5k
Alexandra D. Pruner	Independent Director	4.5yrs	US$309.02k	0.0011% $ 165.2k
Anne Schaumburg	Lead Independent Director	19yrs	US$369.03k	0.0048% $ 703.0k
Kevin Howell	Independent Director	less than a year	US$2.21m	0.047% $ 6.8m
Elisabeth Donohue	Independent Director	3.5yrs	US$309.06k	0.0022% $ 325.9k
Matthew Carter	Independent Director	6.1yrs	US$289.01k	no data
Antonio Carrillo	Independent Director	4.5yrs	US$289.01k	0.011% $ 1.5m
Heather M. Cox	Independent Director	6.1yrs	US$299.01k	0.0050% $ 726.4k

5.3yrs

Average Tenure

61.5yo

Average Age

Experienced Board: NRA's board of directors are considered experienced (5.3 years average tenure).

NRG Energy Management

Management criteria checks 3/4

Key information

Recent management updates

NRG Energy, Inc. Announces Leadership Changes

Executive Vice President of Smart Home recently sold €2.8m worth of stock

NRG Energy, Inc., Annual General Meeting, Apr 25, 2024

NRG Energy, Inc. Appoints Gerald Alfred Spencer as Senior Vice President and Chief Accounting Officer of the Company Effective December 4, 2023

NRG Energy, Inc. Announces Management Changes

President recently bought €452k worth of stock

Recent updates

Upcoming dividend of US$0.41 per share

Fourth quarter dividend of US$0.41 announced

NRG Energy, Inc. to Report Q1, 2024 Results on May 07, 2024

NRG Energy, Inc. Announces Quarterly Dividend on Common Stock, Payable on May 15, 2024

NRG Energy, Inc. Announces Leadership Changes

Executive Vice President of Smart Home recently sold €2.8m worth of stock

NRG Energy, Inc., Annual General Meeting, Apr 25, 2024

Full year 2023 earnings released: US$1.12 loss per share (vs US$5.17 profit in FY 2022)

Third quarter dividend of US$0.41 announced

NRG Energy, Inc. Announces Quarterly Dividend, Payable on February 15, 2024

NRG Energy, Inc. to Report Q4, 2023 Results on Feb 28, 2024

NRG Energy, Inc. Appoints Gerald Alfred Spencer as Senior Vice President and Chief Accounting Officer of the Company Effective December 4, 2023

NRG Energy, Inc. Announces Management Changes

NRG Energy, Inc. Revises Earnings Guidance for the Year 2023

NRG Energy, Inc. Revises Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$1.42 (vs US$0.28 in 3Q 2022)

NRG Energy, Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.38 per share at 3.7% yield

NRG Energy, Inc. Announces Quarterly Dividend, Payable on November 15, 2023

Second quarter 2023 earnings released: EPS: US$1.26 (vs US$2.17 in 2Q 2022)

NRG Energy, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Upcoming dividend of US$0.38 per share at 4.0% yield

NRG Energy, Inc. Announces Quarterly Dividend Payable on August 15, 2023

Elliott Investment Management Issues an Open Letter to NRG Energy

Elliott Investment Management Seeks to Oust NRG Energy's CEO

Constellation Energy Corporation (NasdaqGS:CEG) entered into a definitive agreement to acquire 44% stake in South Texas Project Electric Generating Station from NRG Energy, Inc. (NYSE:NRG) for approximately $1.8 billion.

Elliott Sends Letter and Presentation to the Board of NRG Energy

L5E, LLC acquired BidURenergy/NRG Advisory Services from NRG Energy, Inc.

NRG Energy, Inc. Provides Earnings Guidance for the Full Year 2023

First quarter 2023 earnings released: US$5.82 loss per share (vs US$7.17 profit in 1Q 2022)

Full year 2022 earnings released: EPS: US$5.17 (vs US$8.93 in FY 2021)

NRG Energy, Inc. Provides Earnings Guidance for the Full Year 2023

NRG Energy, Inc. to Report Q4, 2022 Results on Feb 16, 2023

NRG Energy, Inc. Announces Quarterly Dividend, Payable on February 15, 2023

President recently bought €452k worth of stock

Investor sentiment deteriorated over the past week

NRG Energy, Inc. (NYSE:NRG) entered into a definitive agreement to acquire Vivint Smart Home, Inc. (NYSE:VVNT) from a group of shareholders for $2.6 billion.

NRG Energy, Inc. (NYSE:NRG) entered into a definitive agreement to acquire Vivint Smart Home, Inc. (NYSE:VVNT) from a group of shareholders for $2.6 billion.

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$6.60 in 3Q 2021)

NRG Energy, Inc. Reports Impairment Losses for the Three Months Ended September 30, 2022

Insufficient new directors

NRG Energy, Inc. to Report Q3, 2022 Results on Nov 07, 2022

NRG Energy, Inc. Announces Quarterly Dividend, Payable on November 15, 2022

JX Nippon Oil Exploration (CCS) Limited decided to acquire 50% stake in Petra Nova Parish Holdings, LLC from NRG Energy, Inc. (NYSE:NRG).

Tesoro Refining & Marketing Company LLC acquired 49% stake in Watson natural gas generating facility of NRG Energy, Inc. for $59 million.

Second quarter 2022 earnings released: EPS: US$2.17 (vs US$4.40 in 2Q 2021)

NRG Energy, Inc. Announces Impairment Losses for the Three Months Ended June 30, 2022

NRG Energy, Inc. Announces Quarterly Dividend, Payable on August 15, 2022

Investor sentiment deteriorated over the past week

Palm Energy, LLC acquired Portfolio of Several Behind the Meter (BTM) Solutions from NRG Energy, Inc. (NYSE:NRG).

First quarter 2022 earnings released: EPS: US$7.17 (vs US$0.34 loss in 1Q 2021)

NRG Energy, Inc. to Report Q1, 2022 Results on May 06, 2022

NRG Energy, Inc. Announces Quarterly Dividend, Payable on May 16, 2022

NRG Energy, Inc. Announces Management Changes

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

NRG Energy, Inc. to Report Q4, 2021 Results on Feb 24, 2022

Generation Bridge II, LLC acquired 4.9 GW Power Generating Portfolio from NRG Energy, Inc. (NYSE:NRG).

Senior VP of Finance and Accounting & Chief Accounting Officer David Callen has left the company

Executive Vice President of Operations recently bought €62k worth of stock

Third quarter 2021 earnings released: EPS US$6.60 (vs US$1.02 in 3Q 2020)

Insider recently sold €257k worth of stock

Second quarter 2021 earnings released: EPS US$4.40 (vs US$1.28 in 2Q 2020)

Insider recently sold €450k worth of stock

NRG Energy, Inc. Withdraws Earnings Guidance for 2021

NRG Energy, Inc., Annual General Meeting, Apr 29, 2021

Full year 2020 earnings released: EPS US$2.08 (vs US$15.71 in FY 2019)

Revenue misses expectations

Arclight Energy Partners Fund VII, L.P. of ArcLight Capital Partners, LLC entered into a definitive purchase agreement to acquire 4.8GW of Fossil Generation Assets of NRG Energy, Inc. (NYSE:NRG) for $760 million.