CenterPoint Energy (CNP) EVP awarded 13,666 restricted stock units
Rhea-AI Filing Summary
CenterPoint Energy executive Ryan Jason Michael reported an equity award of common stock under the company’s long-term incentive plan. On February 11, 2026, he acquired 13,666 shares of common stock at a price of $0 per share as a grant, bringing his direct beneficial ownership to 175,566 shares.
The grant 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 disability, death, or qualifying retirement. Vesting (other than for disability or death) also depends on achieving positive operating income in the year before each vesting date. He also has 3,842 shares held indirectly through the CenterPoint Energy, Inc. Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 13,666 shares
Net Buy
2 txns
Insider
Ryan Jason Michael
Role
EVP, Reg. Svcs. & Gov. Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,666 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 175,566 shares (Direct);
Common Stock — 3,842 shares (Indirect, By Savings Plan)
Footnotes (3)
- F1. 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.
- F2. Total includes previous awards under the Plan of (i) 13,425 RSUs vesting in February 2026, (ii) 6,279 RSUs vesting in two equal installments in February 2026 and 2027, and (iii) 9,853 RSUs vesting in three equal installments in February 2026, 2027, and 2028. The above awards shall vest (a) if he continues to be an employee of Issuer from the grant date through the respective vesting date or (b) in the event of his 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. 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.
- F3. Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.
FAQ
What insider transaction did CNP executive Ryan Jason Michael report?
Ryan Jason Michael reported an equity grant of 13,666 CenterPoint Energy common shares at $0 per share. The award is a time-based restricted stock unit grant under the long-term incentive plan, increasing his direct beneficial ownership to 175,566 shares after the transaction.
Was the CNP Form 4 transaction an open-market purchase or a grant?
The CNP Form 4 reports a grant, not an open-market purchase. The transaction code A indicates a grant, award, or other acquisition, with 13,666 shares received at a price of $0 per share under CenterPoint Energy’s long-term incentive plan.
How do the new RSUs for CNP’s EVP vest over time?
The new time-based RSUs vest in three equal installments in February 2027, 2028, and 2029. Vesting generally requires continued employment, or earlier disability, death, or qualifying retirement, and depends on achieving positive operating income in the year before each vesting date.
What performance condition applies to the CNP executive’s RSU vesting?
All RSU vesting, except in cases of death or disability, requires CenterPoint Energy to achieve positive operating income for the year preceding each vesting date. This performance condition applies to the newly granted RSUs and to previous awards described in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
