|4Feb 23, 4:03 PM ET

Colvin Kristie 4

4 · CENTERPOINT ENERGY INC · Filed Feb 23, 2026

Research Summary

AI-generated summary of this filing

Updated

CenterPoint (CNP) SVP Kristie Colvin Receives Award; Shares Withheld for Taxes

What Happened

  • Kristie Colvin, Senior Vice President and Chief Accounting Officer of CenterPoint Energy (CNP), had performance shares vest on Feb 19, 2026. She was awarded 25,646 shares (reported as an award at $0.00 per share).
  • To satisfy tax withholding on the vesting, 9,726 shares were withheld/disposed on the same date (6,719 shares and 3,007 shares) at $42.64 per share, generating proceeds/withholdings of $286,498 and $128,218 respectively (combined ≈ $414,716).
  • This is not an open-market sale for investment purposes but routine tax withholding upon vesting of equity awards.

Key Details

  • Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely filing).
  • Award: 25,646 performance shares granted/vested (code A) reported at $0.00 per share.
  • Withheld/disposed: 6,719 shares and 3,007 shares at $42.64 (code F) to satisfy tax liabilities; total withheld ≈ $414,716.
  • Shares owned after transaction: not specified in the provided filing details.
  • Footnotes: F1 = vesting of 2023 performance shares under the long‑term plan; F2/F3 = shares withheld for taxes on performance shares and RSUs; F4 = remaining RSU schedules and vesting conditions (future vesting subject to continued service and operating income conditions); F5 = equivalent shares held in the Company savings plan.
  • Filing timeliness: Filed within the SEC’s two-business-day window (not a late filing).

Context

  • This was a vesting event (award + tax withholding). The withheld/disposed shares reflect tax withholding (cashless settlement) rather than a discretionary sale — such transactions are routine and intended to satisfy tax obligations on vested equity.
  • The award includes additional time‑based RSUs with staggered vesting in 2027–2029 and performance-based vesting conditions described in footnote F4.

Insider Transaction Report

Form 4
Period: 2026-02-19
Colvin Kristie
SVP and CAO
Transactions
  • Award

    Common Stock

    [F1]
    2026-02-19+25,646147,853 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-19$42.64/sh6,719$286,498141,134 total
  • Tax Payment

    Common Stock

    [F3][F4]
    2026-02-19$42.64/sh3,007$128,218138,127 total
Holdings
  • Common Stock

    [F5]
    (indirect: By Savings Plan)
    58
Footnotes (5)
  • [F1]Vesting of performance shares awarded in 2023 under the Issuer's long-term incentive plan (the "Plan").
  • [F2]Shares withheld for taxes upon vesting of performance shares.
  • [F3]Shares withheld for taxes upon vesting of time-based restricted stock units ("RSUs").
  • [F4]Total includes the previous awards under the Plan of (i) 1,300 RSUs vesting in February 2027, (ii) 2,732 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 3,325 RSUs vesting in three equal installments in February 2027, 2028, and 2029. The above awards shall vest (a) upon continued employment with the Issuer through the respective vesting date, (b) in the event of earlier disability or death, or (c) on a full or pro-rata basis upon earlier retirement, subject to satisfaction of certain conditions. 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.
  • [F5]Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.
Signature
Vincent A. Mercaldi, Attorney-in-Fact|2026-02-23

Documents

1 file
  • 4
    wk-form4_1771880617.xmlPrimary

    FORM 4