CenterPoint Energy (CNP) CFO logs stock award vesting and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CenterPoint Energy EVP and CFO Christopher A. Foster reported equity compensation activity in common stock. On February 19, 2026, he acquired 76,929 shares at no cost from vesting performance shares under the company’s long-term incentive plan. On the same date, he disposed of 26,843 shares and 4,881 shares at $42.64 per share to cover tax obligations on vested performance shares and time-based restricted stock units. After these transactions, he directly owned 203,784 common shares, including multiple unvested RSU awards scheduled to vest between May 2026 and 2029, subject to continued employment and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foster Christopher A
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 76,929 | $0.00 | -- |
| Tax Withholding | Common Stock | 26,843 | $42.64 | $1.14M |
| Tax Withholding | Common Stock | 4,881 | $42.64 | $208K |
Holdings After Transaction:
Common Stock — 235,508 shares (Direct)
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) 14,908 RSUs vesting in May 2026, (ii) 5,636 RSUs vesting in February 2027, (iii) 13,530 RSUs vesting in two equal installments in February 2027 and 2028, and (iv) 25,076 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.
FAQ
What did CenterPoint Energy (CNP) CFO Christopher A. Foster report in this Form 4?
Christopher A. Foster reported equity compensation changes in CenterPoint Energy common stock. He received vested performance share stock and had shares withheld to satisfy tax obligations tied to performance shares and restricted stock units, updating his direct ownership position.
Are the CenterPoint Energy (CNP) equity awards subject to future vesting conditions?
Yes. Remaining awards include RSUs scheduled to vest between May 2026 and 2029. Vesting generally requires continued employment, or specified events such as disability, death, or certain retirement conditions, and positive operating income for the year before each vesting date.