CenterPoint Energy (CNP) EVP receives stock award and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CENTERPOINT ENERGY INC EVP and General Counsel Monica Karuturi reported equity transactions in company common stock. She acquired 80,596 shares at no cost from the vesting of performance shares awarded in 2023 under the long-term incentive plan, while 28,282 and 10,811 shares were withheld at $42.64 per share to cover taxes on vested performance shares and time-based RSUs. Following these transactions, she directly holds 241,665 shares, and footnotes detail additional unvested RSU awards scheduled to vest between February 2027 and February 2029, subject to continued employment and positive operating income conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Karuturi Monica
Role
EVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,596 | $0.00 | -- |
| Tax Withholding | Common Stock | 28,282 | $42.64 | $1.21M |
| Tax Withholding | Common Stock | 10,811 | $42.64 | $461K |
Holdings After Transaction:
Common Stock — 280,758 shares (Direct)
Footnotes (1)
- Vesting of performance shares awarded in 2023 under the Issuer's long-term incentive plan (the "Plan"). Shares withheld for taxes upon vesting of performance shares. Shares withheld for taxes upon vesting of time-based restricted stock units ("RSUs"). Total includes previous awards under the Plan of (i) 5,636 RSUs vesting in February 2027, (ii) 12,430 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 20,872 RSUs vesting in three equal installments in February 2027, 2028, and 2029. The above awards shall vest (a) upon continued employment with the Issuer through the respective vesting date, (b) in the event of earlier disability or death, or (c) on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions. All vesting is conditioned upon achievement of positive operating income for the year preceding the applicable vesting date except in the case of death or disability.
FAQ
What insider transactions did CNP executive Monica Karuturi report on this Form 4?
Monica Karuturi reported the vesting of 80,596 CenterPoint Energy common shares from 2023 performance awards. She also reported share dispositions where 28,282 and 10,811 shares were withheld at $42.64 each to satisfy tax obligations on vested performance shares and restricted stock units.
What future RSU vesting schedule is disclosed for Monica Karuturi at CenterPoint Energy?
Footnotes state her total includes RSU awards of 5,636 units vesting in February 2027, 12,430 units vesting in two equal tranches in February 2027 and 2028, and 20,872 units vesting in three equal tranches in February 2027, 2028, and 2029, subject to specified conditions.
What conditions apply to Monica Karuturi’s unvested RSUs at CenterPoint Energy (CNP)?
The unvested RSUs require continued employment through each vesting date, or earlier vesting upon disability, death, or certain retirement scenarios. Vesting is also conditioned on achievement of positive operating income in the year before each vesting date, except in cases of death or disability.