4//SEC Filing
LESAR DAVID J 4
Accession 0001130310-23-000025
CIK 0001130310other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 4:40 PM ET
Size
8.2 KB
Accession
0001130310-23-000025
Insider Transaction Report
Form 4
LESAR DAVID J
Director
Transactions
- Award
Common Stock
2023-02-15+84,964→ 1,127,423 total - Award
Common Stock
2023-02-15+200,000→ 1,327,423 total
Footnotes (4)
- [F1]Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting (i) in February 2026 if the Reporting Person ("R.P.") 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) on a pro-rata basis upon his earlier retirement unless he satisfies various conditions for full vesting, provided, however, that 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.
- [F2]Reflects the award of RSUs under the Plan vesting (a) in December 2023 if the R.P. continues to be an employee of Issuer from the grant date through the vesting date; (b) in the event of the R.P.'s earlier disability or death; or (c) upon the R.P.'s termination of employment without cause or the R.P.'s resignation for good reason.
- [F3]Includes 17,298 time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan ("Plan") and vesting in July 2023. R.P. must remain an employee through vesting date. Also includes (i) 109,289 RSUs awarded under the Plan and vesting in July 2023, (ii) 93,119 RSUs awarded under the Plan and vesting in February 2024, and (iii) 78,851 RSUs awarded under the Plan and vesting in February 2025. The awards in the pervious sentence shall vest (a) if R.P. remains an employee through the vesting date, (b) upon earlier disability or death, or (c) on a pro-rata basis upon earlier retirement unless full vesting conditions satisfied. However, for shares vesting in February 2024 and 2025, 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.
- [F4]Also includes 400,000 RSUs awarded under the Plan and vesting in December 2023. The above award shall vest (a) if R.P. continues to be an employee of Issuer from the grant date; (b) in the event of the R.P.'s earlier disability or death; or (c) upon the R.P.'s termination of employment without cause or the R.P.'s resignation for good reason.
Documents
Issuer
CENTERPOINT ENERGY INC
CIK 0001130310
Entity typeother
Related Parties
1- filerCIK 0001198405
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 4:40 PM ET
- Size
- 8.2 KB