CenterPoint (NYSE: CNP) EVP awarded 20,207 time-based restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CenterPoint Energy EVP and COO Jesus Jr. Soto reported an equity award under the company’s long-term incentive plan. On February 11, 2026, he acquired 20,207 shares of common stock at $0 per share, bringing his directly held stake to 190,430 shares.
The award represents time-based restricted stock units that vest in three equal installments in February 2027, 2028, and 2029, generally contingent on continued employment or certain retirement, disability, or death events, and on achieving positive operating income before each vesting date. The total reported amount also reflects earlier RSU grants of 155,561 and 14,662 units with scheduled vesting dates from August 2026 through August 2029 and similar service and performance conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Soto Jesus Jr.
Role
EVP and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 20,207 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 190,430 shares (Direct)
Footnotes (1)
- 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. Total includes previous awards under the Plan of: (i) 155,561 RSUs vesting in four equal installments in August 2026, 2027, 2028, and 2029 and (ii) 14,662 RSUs vesting in three equal installments in August 2026, 2027, and 2028. The above awards shall vest (a) upon continued employment with Issuer through the respective vesting date, (b) in the event of earlier disability or death, or (c) for the award under clause (i), upon earlier involuntary termination without cause. The award under clause (ii) will also vest on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions, and all vesting of that award is further 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 insider transaction did CenterPoint Energy (CNP) report in this Form 4?
CenterPoint Energy reported an equity award to EVP and COO Jesus Jr. Soto. On February 11, 2026, he acquired 20,207 shares of common stock at $0 per share as part of a restricted stock unit grant under the company’s long-term incentive plan.
What are the vesting terms of the new RSU award to CenterPoint’s EVP and COO?
The 20,207 time-based RSUs vest in three equal installments. Vesting occurs in February 2027, 2028, and 2029, generally requiring continued employment or qualifying retirement, disability, or death, and achievement of positive operating income for the year before each vesting date, except for death or disability.
What prior RSU awards for Jesus Jr. Soto are included in the total reported for CNP?
The total includes two earlier RSU grants. One covers 155,561 RSUs vesting in four equal installments from August 2026 through August 2029, and another covers 14,662 RSUs vesting in three equal installments in August 2026, 2027, and 2028, subject to service and performance conditions.
Are performance conditions attached to the CenterPoint Energy (CNP) RSU awards?
Yes, the RSU awards are subject to a performance condition. Vesting for specified grants generally requires CenterPoint Energy to achieve positive operating income for the year preceding each vesting date, with exceptions in the case of the executive’s death or disability.