CenterPoint Energy (NYSE: CNP) CEO logs equity award and tax share withholding
Rhea-AI Filing Summary
CenterPoint Energy President & CEO Jason P. Wells reported equity compensation activity in the form of stock awards and tax-related share withholding. On February 19, 2026, he acquired 173,594 shares of common stock at $0.00 per share as a grant/award tied to vesting of 2023 performance shares under the company’s long-term incentive plan.
On the same date, 64,813 shares and 29,215 shares of common stock were disposed of to cover tax liabilities upon vesting of performance shares and time-based RSUs at a price of $42.64 per share. Following these transactions, he directly owned 536,164 shares of common stock. In addition, 2,062 equivalent shares were held through the CenterPoint Energy Savings Plan and 55,560 shares were held through the Wells/Koehler Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 173,594 | $0.00 | -- |
| Tax Withholding | Common Stock | 64,813 | $42.64 | $2.76M |
| Tax Withholding | Common Stock | 29,215 | $42.64 | $1.25M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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) 17,193 RSUs vesting in February 2027, (ii) 46,808 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 76,736 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. Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.