David J. Lesar - Jul 1, 2022 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Signature
Vincent A. Mercaldi, Attorney-in-Fact
Stock symbol
CNP
Transactions as of
Jul 1, 2022
Transactions value $
-$207,614
Form type
4
Date filed
7/6/2022, 05:11 PM
Previous filing
Feb 17, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNP Common Stock Tax liability -$208K -6.81K -0.57% $30.50 1.19M Jul 1, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld for taxes upon payment of time-based restricted stock units.
F2 Includes 17,298 time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan ("Plan") and vesting in July 2023. Reporting Person ("R.P.") must remain an employee through vesting date. Also includes (i) 109,289 RSUs awarded under the Plan and vesting in July 2023, (ii) 93,119 RSUs awarded under the Plan and vesting in February 2024, and (iii) 78,851 RSUs awarded under the Plan and vesting in February 2025. The awards in the pervious sentence shall vest (a) if R.P. remains an employee through the vesting date, (b) upon earlier disability or death, or (c) on a pro-rata basis upon earlier retirement unless full vesting conditions satisfied. However, for shares vesting in February 2024 and 2025, any such vesting is conditioned upon positive operating income in the last full calendar year of the restricted period except in the case of death or disability.
F3 Also includes (i) 400,000 RSUs awarded under the Plan and vesting in December 2022, and (ii) 400,000 RSUs awarded under the Plan and vesting in December 2023. The above awards shall vest (a) if R.P. continues to be an employee of Issuer from the grant date; (b) in the event of the R.P.'s earlier disability or death; or (c) upon the R.P.'s termination of employment without cause or the R.P.'s resignation for good reason.