CenterPoint EVP granted shares, stock withheld for taxes
CENTERPOINT ENERGY INC EVP and General Counsel Monica Karuturi reported equity transactions in company common stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 80,596 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 28,282 | $42.64 | $1.21M |
| Exercise Price or Tax Liability | Common Stock | 10,811 | $42.64 | $461K |
Footnotes (4)
- F1. Vesting of performance shares awarded in 2023 under the Issuer's long-term incentive plan (the "Plan").
- F2. Shares withheld for taxes upon vesting of performance shares.
- F3. Shares withheld for taxes upon vesting of time-based restricted stock units ("RSUs").
- F4. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CNP executive Monica Karuturi report on this Form 4?
What future RSU vesting schedule is disclosed for Monica Karuturi at CenterPoint Energy?
What conditions apply to Monica Karuturi’s unvested RSUs at CenterPoint Energy (CNP)?
AI-generated analysis. How Rhea-AI works. Not financial advice.