CenterPoint Energy (CNP) EVP receives 69,271-share award and withholds stock for taxes
Rhea-AI Filing Summary
CenterPoint Energy executive Jason Michael, EVP of Regulatory Services and Government Affairs, reported equity compensation activity in the form of common stock. He received a grant or award acquisition of 69,271 shares, reflecting the vesting of performance shares awarded in 2023 under the company’s long-term incentive plan.
To cover tax liabilities upon vesting of these performance shares and time-based RSUs, 23,868 shares and 7,813 shares were disposed of through share withholding, rather than open-market sales. After these transactions, he directly holds 213,156 common shares and indirectly holds 3,838 equivalent shares through the CenterPoint Energy, Inc. Savings Plan, which represent his ongoing ownership position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 69,271 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 23,868 | $42.64 | $1.02M |
| Exercise Price or Tax Liability | Common Stock | 7,813 | $42.64 | $333K |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- 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) 3,139 RSUs vesting in February 2027, (ii) 6,568 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 13,666 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.
- F5. Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.
FAQ
What insider transactions did CenterPoint Energy (CNP) report for Jason Michael?
Was the CenterPoint Energy (CNP) insider activity a stock purchase or sale?
What conditions apply to Jason Michael’s remaining CenterPoint Energy (CNP) RSU awards?
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