[Form 3] CENTERPOINT ENERGY INC Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
CenterPoint Energy Inc. VP and CAO Russell Keith Wright filed an initial ownership report showing 8,714 shares of common stock held directly. This total includes several prior awards of restricted stock units under the company’s Long-Term Incentive Plan with different vesting schedules and conditions.
The footnote explains that RSU tranches of 864, 915, 404, 862, and 1,929 units are scheduled to vest between August 2026 and February 2029, subject to continued employment, certain termination events, and, for some awards, achievement of positive operating income in the year before each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wright Russell Keith
Role
VP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,714 shares (Direct)
Footnotes (1)
- F1. Total includes previous awards under Issuer's Long-Term Incentive Plan of (i) 864 time-based restricted stock units ("RSUs") vesting in August 2026, (ii) 915 RSUs vesting in November 2026, (iii) 404 RSUs vesting in February 2027, (iv) 862 RSUs vesting in two equal installments in February 2027 and 2028, and (v) 1929 RSUs vesting in three equal installments in February 2027, 2028, and 2029. The awards shall vest (a) upon continued employment with Issuer through the respective vesting date, (b) in the event of earlier disability or death, (c) for the awards under clauses (i) and (ii), upon earlier involuntary termination without cause, or (d) for the awards under clauses (iii) - (v), on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions. Vesting of the awards under clauses (iii) - (v) is conditioned upon achievement of positive operating income for the year preceding the applicable vesting date except in the case of death or disability.
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FAQ
What does CenterPoint Energy (CNP) VP and CAO report on this Form 3?
The filing shows VP and CAO Russell Keith Wright directly holding 8,714 shares of CenterPoint Energy common stock. This amount includes multiple prior restricted stock unit awards granted under the company’s Long-Term Incentive Plan with various vesting schedules and performance conditions.
When do the RSUs reported by CenterPoint Energy (CNP) VP and CAO vest?
The RSUs are scheduled to vest in August 2026, November 2026, and in installments during February 2027, 2028, and 2029. Vesting timing varies by tranche and depends on employment status and other stated conditions in the long-term incentive awards.
What conditions affect vesting of the CenterPoint Energy (CNP) RSUs?
Vesting requires continued employment through each vesting date or certain earlier events like disability, death, specified terminations, retirement, and, for some awards, positive operating income in the year before vesting, except in the case of death or disability.
Does this CenterPoint Energy (CNP) Form 3 show insider buying or selling?
No buy or sell transactions are reported; the Form 3 discloses initial ownership. It lists 8,714 common shares and associated RSU awards held by VP and CAO Russell Keith Wright as of the reporting date, rather than new market purchases or sales.