Management ChangeApr 30, 2026, 04:19 PM
NRG Names Mr. Gaudette CEO; Details Compensation Package
AI Summary
NRG Energy, Inc. announced the appointment of Mr. Gaudette as Chief Executive Officer, effective April 30, 2026, following his prior appointment as President on January 6, 2026. His employment agreement includes an annual base salary of $1,200,000 and eligibility for an annual bonus targeted at 125% of his base salary. Mr. Gaudette will also receive a 2026 supplemental equity grant valued at $5,072,285 and is eligible for a 2027 equity grant of no less than 825% of his base salary.
Key Highlights
- Mr. Gaudette appointed President effective January 6, 2026, and CEO effective April 30, 2026.
- Annual base salary set at $1,200,000.
- Eligible for an annual bonus with a target of 125% of base salary.
- Received a 2026 supplemental equity grant (RPSUs) with a target fair value of $5,072,285.
- Eligible for a 2027 equity grant with a target fair value of no less than 825% of base salary.
- Entitled to annual tax/financial planning reimbursement up to $25,000 and legal fee reimbursement up to $10,000.
- Severance for involuntary termination includes a lump sum of two times annual base salary.
- Change in control severance is 2.99 times the sum of base salary and target annual bonus.