CenterPoint Energy (CNP) director receives 4,037-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Franklin Chris reported acquisition or exercise transactions in this Form 4 filing.
CENTERPOINT ENERGY INC director Chris Franklin received a grant of common stock as part of compensation under the company’s Stock Plan for Outside Directors. The award covered 4,037 shares at a stated price of $0.00 per share, reflecting a non-cash equity grant rather than an open‑market purchase.
Following this grant, Franklin directly holds 25,039 shares of CenterPoint Energy common stock. This type of equity award is a routine element of director compensation and does not represent a discretionary buy or sell decision in the market.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Franklin Chris
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,037 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,039 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 4,037 shares
Grant price: $0.00 per share
Shares held after grant: 25,039 shares
3 metrics
Shares granted
4,037 shares
Common Stock grant to director Chris Franklin
Grant price
$0.00 per share
Equity award, not an open-market purchase
Shares held after grant
25,039 shares
Franklin’s direct holdings following the award
Key Terms
Stock Plan for Outside Directors, Grant, award, or other acquisition, Common Stock
3 terms
Stock Plan for Outside Directors financial
"Shares of common stock granted under the Issuer's Stock Plan for Outside Directors, as amended and restated."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did CenterPoint Energy (CNP) report for Chris Franklin?
CenterPoint Energy reported that director Chris Franklin received a grant of 4,037 shares of common stock. The shares were awarded under the company’s Stock Plan for Outside Directors and represent equity compensation rather than an open‑market purchase or sale.
Was the Chris Franklin CenterPoint Energy (CNP) transaction an open-market buy or sell?
The transaction was not an open-market trade. It was coded as a grant or award, with 4,037 shares of common stock issued at $0.00 per share under the Stock Plan for Outside Directors as part of routine director compensation.
What plan governed the Chris Franklin stock award at CenterPoint Energy (CNP)?
The stock award was granted under CenterPoint Energy’s Stock Plan for Outside Directors, as amended and restated. This plan provides equity compensation in common stock to non‑employee directors, aligning their interests with shareholders through share ownership rather than cash alone.