CenterPoint Energy (CNP) CFO receives 25,076-share equity grant under incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CenterPoint Energy executive vice president and CFO Christopher A. Foster reported an equity award from the company. On February 11, 2026, he acquired 25,076 shares of common stock at $0 per share as a grant under the long-term incentive plan, bringing his directly held beneficial ownership to 158,579 shares.
The award consists of time-based restricted stock units that vest in three equal installments in February 2027, 2028, and 2029, generally requiring continued employment, or earlier vesting in cases of disability, death, or qualifying retirement. Vesting also depends on the company achieving positive operating income for the year before each vesting date, except in the case of death or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Foster Christopher A
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,076 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 158,579 shares (Direct)
Footnotes (1)
- Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting in three equal installments in February 2027, 2028, and 2029. The above award shall vest (i) if the Reporting Person ("R.P.") continues to be an employee of Issuer from the grant date through the respective vesting date, (ii) in the event of his earlier disability or death, or (iii) if he satisfies various conditions, upon his earlier retirement, except that such retirement vesting will be on a pro rata basis if his retirement occurs in the year of grant. 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. Total includes previous awards under the Plan of (i) 14,908 RSUs vesting in May 2026, (ii) 11,272 RSUs vesting in two equal installments in February 2026 and 2027, and (iii) 20,295 RSUs vesting in three equal installments in February 2026, 2027, and 2028. The above awards shall vest (a) upon continued employment with Issuer through the respective vesting date or (b) in the event of earlier disability or death. The awards will also vest on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions, and all vesting of those awards is further 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 transaction did CenterPoint Energy (CNP) report for its CFO?
CenterPoint Energy reported that EVP and CFO Christopher A. Foster received a grant of 25,076 shares of common stock on February 11, 2026. The shares were awarded at $0 per share as part of the company’s long-term incentive plan, increasing his direct beneficial ownership.
What are the vesting terms of the CFO’s new equity award at CenterPoint Energy (CNP)?
The 25,076 time-based RSUs granted to CenterPoint Energy’s CFO vest in three equal installments in February 2027, 2028, and 2029. Vesting generally requires continued employment or earlier disability, death, or qualifying retirement, and positive operating income in the year before each vesting date, except for death or disability.
Is the CenterPoint Energy (CNP) CFO’s Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant, not an open-market purchase. Christopher A. Foster acquired 25,076 shares at $0 per share as a long-term incentive award, classified as a grant, award, or other acquisition, rather than buying shares on the open market.
What performance condition applies to the CFO’s RSU awards at CenterPoint Energy (CNP)?
Vesting of the CFO’s RSU awards generally requires CenterPoint Energy to achieve positive operating income for the year preceding each vesting date. This performance condition applies to the new grant and prior RSU awards, except in cases of death or disability, where the condition does not apply.
How do retirement, disability, or death affect the CFO’s RSU vesting at CenterPoint Energy (CNP)?
If the CFO retires, becomes disabled, or dies, his RSUs may vest earlier. Disability or death typically triggers full vesting, while qualifying retirement can result in full or pro-rata vesting, depending on timing and conditions, subject to the plan’s detailed rules described in the filing.