Ryan Jason Michael 4

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.