Richard C. Leger - 01 Oct 2024 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Signature
Vincent A. Mercaldi, Attorney-in-Fact
Issuer symbol
CNP
Transactions as of
01 Oct 2024
Net transactions value
$0
Form type
4
Filing time
02 Oct 2024, 16:16:13 UTC
Previous filing
31 Jul 2024
Next filing
14 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNP Common Stock Award $0 +3,346 +12% $0.000000 32,073 01 Oct 2024 Direct F1, F2
holding CNP Common Stock 1,720 01 Oct 2024 By Savings Plan F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan and vesting (i) in October 2027 if the Reporting Person continues to be an employee of Issuer from the grant date through the vesting date; (ii) in the event of his earlier disability or death; or (iii) if he is earlier involuntarily terminated without cause.
F2 Total includes previous awards under Issuer's Long-Term Incentive Plan of (i) 2,169 RSUs vesting in February 2025, (ii) 2,063 RSUs vesting in February 2026, (iii) 2,220 RSUs vesting in three equal installments in February 2025, 2026 and 2027, and (iv) 3,426 RSUs vesting in July 2027. The above awards shall vest (a) upon continued employment with Issuer through the respective vesting date, (b) in the event of earlier disability or death, or (c) for the award under clause (iv), upon earlier involuntary termination without cause. The awards, other than the award under clause (iv), will also vest on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions, and all vesting of those awards is further conditioned upon achievement of positive operating income for the year preceding the applicable vesting date except in the case of death or disability.
F3 Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.