Ryan Jason Michael 4
4 · CENTERPOINT ENERGY INC · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
CenterPoint (CNP) EVP Ryan Michael Receives 13,666 RSUs
What Happened
Ryan Jason Michael, EVP, Regulatory Services & Government Affairs at CenterPoint Energy (CNP), was granted 13,666 restricted stock units (RSUs) on February 11, 2026. The award was recorded at $0.00 per share (no cash paid by the insider) — total value shown in the Form 4 is $0 (this is a compensation award, not a market purchase). These RSUs are time-based and conditioned on continued service and company performance.
Key Details
- Transaction date and type: 2026-02-11 — Grant/Award of 13,666 RSUs at $0.00 (acquisition code A).
- Vesting: Award vests in three equal installments in February 2027, 2028 and 2029 per footnote F1.
- Performance/service conditions: Vesting requires the reporting person to remain an employee through each vesting date (with death/disability exceptions). All vesting is conditioned on achievement of positive operating income for the year preceding the applicable vesting date (except death/disability). Retirement may trigger pro rata vesting in the grant year.
- Aggregate awards: Footnote F2 lists prior outstanding awards (13,425 RSUs vesting Feb 2026; 6,279 RSUs vesting in Feb 2026 & Feb 2027; 9,853 RSUs vesting in Feb 2026–2028). Including the new 13,666 RSUs, the filing references a total of 43,223 RSUs awarded (aggregate unvested awards shown in the filing).
- Savings plan note: F3 indicates equivalent shares are held in the CenterPoint Energy, Inc. Savings Plan (number not specified).
- Filing timeliness: Form filed 2026-02-13 for a 2026-02-11 grant — appears to be filed promptly (within the normal two-business-day Form 4 window).
Context
This is a standard long-term incentive RSU grant as part of executive compensation, not an open-market purchase or sale. Because vesting is both time- and performance-conditioned, these awards are tied to retention and company operating results; they should be viewed as compensation rather than a direct insider "buy" signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-11+13,666→ 175,566 total
- 3,842(indirect: By Savings Plan)
Common Stock
[F3]
Footnotes (3)
- [F1]Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting in three equal installments in February 2027, 2028, and 2029. The above award shall vest (i) if the Reporting Person ("R.P.") continues to be an employee of Issuer from the grant date through the respective vesting date, (ii) in the event of his earlier disability or death, or (iii) if he satisfies various conditions, upon his earlier retirement, except that such retirement vesting will be on a pro rata basis if his retirement occurs in the year of grant. 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.
- [F2]Total includes previous awards under the Plan of (i) 13,425 RSUs vesting in February 2026, (ii) 6,279 RSUs vesting in two equal installments in February 2026 and 2027, and (iii) 9,853 RSUs vesting in three equal installments in February 2026, 2027, and 2028. The above awards shall vest (a) if he continues to be an employee of Issuer from the grant date through the respective vesting date or (b) in the event of his earlier disability or death. The awards will also vest 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.
- [F3]Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.