Wells Jason P. 4
4 · CENTERPOINT ENERGY INC · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
CenterPoint (CNP) CEO Jason Wells Receives Award; Shares Withheld
What Happened
Jason P. Wells, President & CEO and a director of CenterPoint Energy (CNP), received 173,594 shares on vesting of 2023 performance awards on Feb 19, 2026 (code A). To cover tax obligations, 64,813 shares and 29,215 shares were withheld and disposed at $42.64 per share (codes F), generating proceeds of $2,763,626 and $1,245,728 respectively (total ~$4.01M). After withholding, Wells netted 79,566 shares from the vesting event.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filing appears timely).
- Award: 173,594 shares vested (2023 performance share award under the issuer's long‑term incentive plan; footnote F1).
- Tax withholding: 64,813 shares ($2,763,626) and 29,215 shares ($1,245,728) withheld/disposed to satisfy taxes (total 94,028 shares; footnotes F2 & F3).
- Net shares retained from vesting: 79,566 shares (173,594 − 94,028).
- Shares owned after transaction: not disclosed in the filing.
- Additional notes: filing references remaining outstanding RSU awards with future vesting schedules (see footnote F4); some equivalent shares may be held via the CenterPoint Savings Plan (F5).
- Transaction codes: A = award/acquisition; F = shares withheld for taxes.
Context
This was a vesting of performance shares and routine tax-withholding, not an open-market sale or a purchase. Withholdings to cover taxes are common and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+173,594→ 630,192 total - Tax Payment
Common Stock
[F2]2026-02-19$42.64/sh−64,813$2,763,626→ 565,379 total - Tax Payment
Common Stock
[F3][F4]2026-02-19$42.64/sh−29,215$1,245,728→ 536,164 total
- 55,560(indirect: By Trust)
Common Stock
- 2,062(indirect: By Savings Plan)
Common Stock
[F5]
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 previous awards under the Plan of (i) 17,193 RSUs vesting in February 2027, (ii) 46,808 RSUs vesting in two equal installments in February 2027 and 2028, and (iii) 76,736 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.