Martin H. Nesbitt - May 1, 2023 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Role
Director
Signature
Vincent A. Mercaldi, Attorney-in-Fact
Stock symbol
CNP
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
4
Date filed
5/3/2023, 04:21 PM
Previous filing
Aug 18, 2022
Next filing
May 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNP Common Stock Award $0 +5.54K +48.28% $0.00 17K May 1, 2023 Direct F1
holding CNP Common Stock 19.1K May 1, 2023 See footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of common stock granted under the Issuer's Stock Plan for Outside Directors, as amended and restated.
F2 These shares were previously reported as directly beneficially owned by the Reporting Person ("R.P."), but were contributed on or around September 1, 2020 to MN-CE, LLC, a limited liability company for which the R.P. is the sole manager (the "LLC"). The sole member of the LLC was a grantor retained annuity trust, for which the R.P. is the sole trustee and annuitant. In satisfaction of a required annuity payment from the grantor retained annuity trust, on September 9, 2021, a portion of the interests in the limited liability company were distributed from the grantor retained annuity trust to the R.P. On August 16, 2022, the R.P., through the R.P.'s revocable trust (the "Revocable Trust"), purchased all of the outstanding interests in the LLC held by the grantor retained annuity trust in exchange for a promissory note in the amount of $432,253.61. The R.P. is the sole manager of the LLC and sole Trustee of the Revocable Trust. The Revocable Trust is the sole member of the LLC.