Karuturi Monica 4
Research Summary
AI-generated summary
CenterPoint (CNP) EVP Monica Karuturi Receives Award, Withholds Shares
What Happened
Monica Karuturi, EVP and General Counsel of CenterPoint Energy (CNP), had 80,596 shares acquired on vesting (award) on 2026-02-19 under the company's long-term incentive plan. To satisfy tax withholding, 28,282 shares were disposed at $42.64 each ($1,205,944) and an additional 10,811 shares were withheld at $42.64 each ($460,981). After withholding, Karuturi received a net of 41,503 shares.
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (appears timely — within the normal 2-business-day window).
- Award: 80,596 shares acquired (code A) at $0.00 (vesting of 2023 performance awards).
- Withholding: 28,282 shares (F) for performance-share taxes and 10,811 shares (F) for RSU taxes at $42.64/share; total taxes covered ≈ $1,666,925.
- Net shares received: 41,503 (80,596 granted minus 39,093 withheld).
- Footnotes: Vesting tied to 2023 awards under the LTIP (F1). Additional outstanding RSUs and future vesting schedules and performance/retention conditions are noted (see F4). F2/F3 denote shares withheld to satisfy tax liabilities.
Context
- This was a vesting/award event, not an open-market purchase or discretionary sale. The tax-withholding steps are routine (cashless settlement) and do not necessarily signal a buy/sell view by the insider.
- Vesting is contingent on performance conditions (e.g., achievement of positive operating income for the applicable year) and some awards have staggered future vesting dates and conditions.