Jason P. Wells - Sep 28, 2023 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Role: President & COO
Signature: Vincent A. Mercaldi, Attorney-in-Fact
Stock symbol: CNP
Transactions as of: Sep 28, 2023
Transactions value $: -$269,296
Form type: 4
Date filed: 9/29/2023, 04:14 PM
Previous filing: Feb 22, 2023
Next filing: Nov 9, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CNP	Common Stock	Tax liability	-$269K	-10.1K	-5.85%	$26.70	162K	Sep 28, 2023	Direct	F1, F2
holding	CNP	Common Stock						45.6K	Sep 28, 2023	Wells/Koehler Family Trust

* 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	Total includes (i) 19,209 time-based restricted stock units ("RSUs") previously awarded under the Plan and vesting in February 2024, (ii) 16,154 RSUs previously awarded under the Plan and vesting in February 2025 and (iii) 33,642 RSUs previously awarded under the Plan and vesting in February 2026. The above awards shall vest (a) if the Reporting Person continues to be an employee of Issuer from grant date through vesting date or (b) in the event of his disability or death. Provided 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. With respect to the RSUs vesting in February 2026, such RSUs shall vest if the Reporting Person is not promoted to Chief Executive Officer by January 1, 2025, such RSUs shall vest upon his termination without cause or resignation after such date conditioned upon positive operating income in the last full calendar year of the restricted period.

Content

Shares withheld for taxes upon payment of time-based restricted stock units.

Total includes (i) 19,209 time-based restricted stock units ("RSUs") previously awarded under the Plan and vesting in February 2024, (ii) 16,154 RSUs previously awarded under the Plan and vesting in February 2025 and (iii) 33,642 RSUs previously awarded under the Plan and vesting in February 2026. The above awards shall vest (a) if the Reporting Person continues to be an employee of Issuer from grant date through vesting date or (b) in the event of his disability or death. Provided 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. With respect to the RSUs vesting in February 2026, such RSUs shall vest if the Reporting Person is not promoted to Chief Executive Officer by January 1, 2025, such RSUs shall vest upon his termination without cause or resignation after such date conditioned upon positive operating income in the last full calendar year of the restricted period.