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Vistra Corp. 8-K Report, Regulation FD Disclosure (Nov 15, 2024)

Reports
Regulation FD
Filing Date
Filed November 15, 2024
Period End
November 15, 2024
Security
VST
In the record · 2017–202610-K1010-Q318-K168

VST filed 10 annual reports (10-K), 31 quarterly reports (10-Q) and 168 current reports (8-K) between 2017 and 2026.

  1. Leadership change8-K · Jun ’18Jun ’18
  2. Leadership change8-K · Dec ’20Dec ’20
  3. Material agreement8-K · Mar ’23Mar ’23
  4. Material agreement8-K · Oct ’26Oct ’26

01—Abstract

Summary

Summary of the 8-K filed November 15, 2024. Cited figures are marked; the original filing is the authoritative source.

Vistra Corp. (VST) has filed an 8-K to disclose information regarding its Tax Receivable Agreement (TRA).

The company has provided notice to holders of TRA Rights of an annual tax payment for the 2023 taxable year, amounting to an aggregate value of $392,481a. This payment, scheduled for December 2, 2024, to record holders as of November 25, 2024, comprises $338,897 as a return of basis and $53,584 as interest income. Notably, Vistra Corp. has made significant progress in repurchasing TRA Rights, having acquired approximately 98% of the initially issued rights as of September 30, 2024.

This substantial repurchase indicates a strategic move to consolidate these obligations. The filing also reminds holders about potential withholding taxes on interest income if a correct taxpayer identification number is not provided, directing them to the Transfer Agent for inquiries.

02—Key points

Key Highlights

  1. Vistra Corp. announced an annual tax payment of $392,481 for the 2023 tax year under its Tax Receivable Agreement (TRA).
  2. The payment is to be distributed on December 2, 2024, to holders of record as of November 25, 2024.
  3. The aggregate payment includes $338,897 as a return of basis and $53,584 as interest income.
  4. Vistra Corp. has repurchased approximately 98% of the TRA Rights as of September 30, 2024.
  5. The company estimates the value of each TRA Right on the TCEH Effective Date to be $2.99924.
  6. Holders are cautioned about potential withholding taxes of up to 30% on interest income if a taxpayer identification number is not furnished.
  7. Holders with questions regarding withholding can contact the Transfer Agent at 1-800-937-5449.

03—Questions

Frequently Asked Questions

  1. What is the purpose of this 8-K filing?

    This 8-K filing is to provide disclosure regarding Vistra Corp.'s Tax Receivable Agreement (TRA). Specifically, it announces the annual tax payment for the 2023 tax year and updates on the repurchase of TRA Rights.

  2. How much is the total annual tax payment for 2023, and when will it be paid?

    The total aggregate value of the annual tax payment for the 2023 taxable year is $392,481. This payment will be made on December 2, 2024, to holders of record as of November 25, 2024.

  3. What has Vistra Corp. done regarding its TRA Rights recently?

    Vistra Corp. has been actively repurchasing its TRA Rights. As of September 30, 2024, the company had repurchased approximately 98% of the TRA Rights that were initially issued.

  4. What should TRA Right holders do if they have questions about withholding taxes?

    TRA Right holders who have questions about potential withholding taxes (up to 30% on interest income) should contact the Transfer Agent, Equiniti Trust Company, LLC, by phone at 1-800-937-5449 to inquire about the status of their account.

04—Continue

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