NRG · NRG Energy, Inc.

NRG Energy filed an 8-K/A to formally announce the appointment of Robert Gaudette as President and Chief Executive Officer, effective April 30, 2026, succeeding Lawrence Coben who stepped down as CEO and Chair on the same date. Gaudette, previously Executive Vice President of NRG Business and Wholesale Operations and President, entered into an employment agreement with a base salary of $1.2 million, a target annual bonus of 125% of base salary, and a supplemental equity grant for 2026 of approximately $5.07 million in relative performance stock units. For 2027, his long-term incentive award target fair value is set at no less than 825% of base salary. Severance provisions include two times base salary (or 2.99 times the sum of base salary and target bonus upon a change in control) plus prorated target bonus and COBRA premium reimbursement for 18 months. Coben's transition agreement provides for a non-executive advisory role through January 4, 2027, with a base salary of $739,500 and a 2026 target bonus of $1,848,750 prorated for his CEO service days. His outstanding equity awards granted at least 12 months prior will continue to vest. These changes reflect a planned leadership succession and provide clarity on executive compensation and transition terms for investors.