U.S. Power Company Executives Sell Shares, Cashing Out Hundreds of Millions

On June 16, Scott B. Helm, a director at U.S. integrated power company Vistra Corp. (NASDAQ: VST), sold 25,000 shares of company stock under a prearranged Rule 10b5-1 trading plan at approximately $160 per share, raising about $4 million (roughly KRW 5 billion). He continues to hold a significant stake valued at approximately $38 million (around KRW 50 billion).

On June 18, director Arcilia Acosta likewise sold 15,000 shares in two tranches under her pre-established plan, generating roughly $2.51 million (about KRW 3 billion). Following the sale, her remaining stake is valued at around $5.3 million (approximately KRW 7 billion).

On June 24, Vistra’s subsidiary, Vistra Operations Company, and its lending syndicate led by Citibank executed the tenth amendment to their February 2022 credit agreement. Lenders agreed to release all collateral and guarantors, and the amendment updates economic terms—such as margins—to reflect an unsecured financing structure.

The company is expanding its zero-carbon power supply business with major technology firms, having signed in January a 20-year power purchase agreement to supply 2,600 MW of carbon-free electricity to Meta Platforms.

Vistra also recently launched a private offering of new senior unsecured notes to refinance maturing 2027 senior notes and loan obligations as part of its capital structure optimization. As of the end of June, the company’s market capitalization stood at approximately $52 billion.

Headquartered in Irving, Texas, Vistra is a Fortune 500 integrated retail power and generation company that owns and operates about 44,000 MW of generation capacity spanning natural gas, coal, nuclear, solar, and large-scale battery storage. Its retail and generation brands include TXU Energy, Luminant, and Dynegy, and it competes across major wholesale power markets in the U.S. Vistra is a component of the S&P 500 index.