CenterPoint Energy (CNP) SVP Colvin gets 25,646 shares, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CenterPoint Energy senior vice president and chief accounting officer Kristie Colvin received a grant of 25,646 shares of common stock on February 19, 2026, tied to vesting of 2023 performance awards under the long‑term incentive plan. To cover taxes on vested performance shares and time-based RSUs, 6,719 and 3,007 shares were automatically withheld at $42.64 per share, a tax-withholding disposition rather than an open-market sale. After these transactions, Colvin holds 138,127 shares directly and 58 equivalent shares through the company savings plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Colvin Kristie
Role
SVP and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,646 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,719 | $42.64 | $286K |
| Tax Withholding | Common Stock | 3,007 | $42.64 | $128K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 147,853 shares (Direct);
Common Stock — 58 shares (Indirect, By Savings Plan)
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 the previous awards under the Plan of (i) 1,300 RSUs vesting in February 2027, (ii) 2,732 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 3,325 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.
FAQ
What insider equity award did CenterPoint Energy (CNP) report for Kristie Colvin?
Kristie Colvin received a grant of 25,646 CenterPoint Energy common shares on February 19, 2026. The award reflects vesting of performance shares granted in 2023 under the company’s long-term incentive plan, increasing her directly held equity stake in the utility.
What long-term incentive plan awards for Kristie Colvin remain unvested at CenterPoint Energy (CNP)?
Unvested awards include 1,300 RSUs vesting in February 2027, 2,732 RSUs vesting in equal installments in February 2027 and 2028, and 3,325 RSUs vesting in equal installments in February 2027, 2028, and 2029, all subject to employment and performance conditions.
How are future RSU vestings for Kristie Colvin at CenterPoint Energy (CNP) conditioned?
Future RSU vestings require continued employment to each vesting date or earlier disability, death, or qualifying retirement. Vesting is also conditioned on achievement of positive operating income for the year before each vesting date, except in cases of death or disability.
What does the Form 4 reveal about Kristie Colvin’s indirect ownership in CenterPoint Energy (CNP)?
The filing shows Kristie Colvin indirectly holds 58 equivalent CenterPoint shares through the CenterPoint Energy, Inc. Savings Plan. These savings plan holdings are reported separately from her 138,127 directly owned common shares following the February 19, 2026 equity transactions.