Nesbitt Martin H. 4
4 · CENTERPOINT ENERGY INC · Filed Aug 18, 2022
Insider Transaction Report
Form 4
Nesbitt Martin H.
Director
Transactions
- Other
Common Stock
2022-08-16+19,096→ 19,096 total(indirect: See footnote)
Holdings
- 11,476
Common Stock
Footnotes (2)
- [F1]These shares were previously reported as directly beneficially owned by the Reporting Person, but were contributed on or around September 1, 2020 to MN-CE, LLC, a limited liability company for which the Reporting Person is the sole manager (the "LLC"). The sole member of the LLC was a grantor retained annuity trust, for which the Reporting Person 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 Reporting Person. On August 16, 2022, the Reporting Person, through the Reporting Person'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.
- [F2]Effective as of August 16, 2022, the Reporting Person is the sole manager of the LLC, and the Revocable Trust is the sole member of the LLC. The Reporting Person is the sole Trustee of the Revocable Trust.