CenterPoint Energy (CNP) director receives 4,037-share stock grant as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CENTERPOINT ENERGY INC director Michael Albert Herman reported an acquisition of company stock through an equity award. He received 4,037 shares of Common Stock on a grant or award basis, with no cash price per share listed. Following this award, his directly held ownership increased to 5,062 shares. The shares were granted under CenterPoint Energy's Stock Plan for Outside Directors, as amended and restated, indicating this was part of routine non-employee director compensation rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Herman Michael Albert
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,037 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,062 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 4,037 shares
Post-transaction holdings: 5,062 shares
Grant price: $0.0000 per share
3 metrics
Shares granted
4,037 shares
Common Stock grant to director on May 1, 2026
Post-transaction holdings
5,062 shares
Director’s direct Common Stock ownership after grant
Grant price
$0.0000 per share
Reported transaction price for awarded shares
Key Terms
Form 4, Common Stock, Stock Plan for Outside Directors, grant or award
4 terms
Form 4 regulatory
"Michael Albert Herman reported an acquisition of company stock through an equity award on Form 4."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"He received 4,037 shares of Common Stock on a grant or award basis."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Stock Plan for Outside Directors financial
"The shares were granted under CenterPoint Energy's Stock Plan for Outside Directors, as amended and restated."
grant or award financial
"The transaction was coded as a grant or award, not an open-market trade."
FAQ
What did CENTERPOINT ENERGY INC (CNP) director Michael Albert Herman report on this Form 4?
Director Michael Albert Herman reported receiving an equity award of 4,037 shares of CenterPoint Energy Common Stock. The transaction was coded as a grant or award, not an open-market trade, and reflects routine director compensation under the company’s Stock Plan for Outside Directors.
Was the CNP Form 4 transaction a stock purchase or a compensation grant?
The Form 4 transaction was a compensation grant. Michael Albert Herman acquired 4,037 CenterPoint Energy Common Stock shares at a reported price of $0.00 per share, identified as a grant or award under the company’s Stock Plan for Outside Directors, rather than a market purchase.
What is the transaction code used in this CNP Form 4 filing and what does it mean?
The transaction code is “A,” which indicates a grant, award, or other acquisition. In this filing, it represents 4,037 shares of CenterPoint Energy Common Stock granted to director Michael Albert Herman as part of his outside director compensation, not an open-market trade.
What plan governed the equity award reported by CENTERPOINT ENERGY INC (CNP) director Herman?
The equity award was granted under CenterPoint Energy’s Stock Plan for Outside Directors, as amended and restated. This plan provides stock-based compensation to non-employee directors, and the 4,037-share grant to Michael Albert Herman reflects routine compensation under that program.