Jason P. Wells - Feb 15, 2024 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Role: President & CEO, Director
Signature: Vincent A. Mercaldi, Attorney-in-Fact
Stock symbol: CNP
Transactions as of: Feb 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/20/2024, 04:41 PM
Previous filing: Nov 9, 2023
Next filing: Feb 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	Price $	Shares After	Date	Ownership	Footnotes
transaction	CNP	Common Stock	Award	$0	+51.6K	+31.8%	$0.00	214K	Feb 15, 2024	Direct	F1, F2
holding	CNP	Common Stock						55.6K	Feb 15, 2024	Wells/Koehler Family Trust

Explanation of Responses:

Id	Content
F1	Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting in three equal installments in February 2025, 2026, and 2027. The above award shall vest (i) if the Reporting Person ("R.P.") continues to be an employee of Issuer from the grant date through the respective vesting date, (ii) in the event of his earlier disability or death, or (iii) if he satisfies various conditions, upon his earlier retirement, except that such retirement vesting will be on a pro rata basis if his retirement occurs in the year of grant. 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.
F2	Total includes (i) 19,209 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. The above awards are conditioned upon positive operating income in the last full calendar year of the restricted period except in the case of death or disability.

Content

Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting in three equal installments in February 2025, 2026, and 2027. The above award shall vest (i) if the Reporting Person ("R.P.") continues to be an employee of Issuer from the grant date through the respective vesting date, (ii) in the event of his earlier disability or death, or (iii) if he satisfies various conditions, upon his earlier retirement, except that such retirement vesting will be on a pro rata basis if his retirement occurs in the year of grant. 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.

Total includes (i) 19,209 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. The above awards are conditioned upon positive operating income in the last full calendar year of the restricted period except in the case of death or disability.