CENTERPOINT ENERGY (CNP) CFO sees shares withheld for RSU tax obligations
Rhea-AI Filing Summary
CENTERPOINT ENERGY INC Executive Vice President and CFO Christopher A. Foster reported a routine tax-related share disposition. On the vesting of previously granted restricted stock units, 5,867 shares of common stock were withheld to cover taxes at $43.53 per share, a non-market transaction. Following this withholding, Foster directly holds 197,917 common shares.
The total reported holdings include additional time-based restricted stock unit awards: 5,636 RSUs vesting in February 2027, 13,530 RSUs vesting in two equal installments in February 2027 and 2028, and 25,076 RSUs vesting in three equal installments in February 2027, 2028, and 2029. These awards vest upon continued employment or earlier disability, death, or qualifying retirement, and generally require achievement of positive operating income in the year before each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,867 | $43.53 | $255K |
Footnotes (1)
- Shares withheld for taxes upon vesting of time-based restricted stock units previously awarded under the Issuer's Long-Term Incentive Plan ("RSUs"). Total includes previous awards under the Plan of (i) 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.