Foster Christopher A 4
Research Summary
AI-generated summary
CenterPoint (CNP) CFO Christopher Foster Receives Award, Sells Shares
What Happened
- Christopher A. Foster, EVP and Chief Financial Officer of CenterPoint Energy (CNP), had 76,929 performance shares vest on Feb 19, 2026 (award, code A). To cover taxes on the vesting, 31,724 shares were withheld/disposed (codes F) at $42.64 per share — 26,843 shares for $1,144,586 and 4,881 shares for $208,126 — totaling $1,352,712. The award shares were reported as acquired at $0 (typical for vested awards).
Key Details
- Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (timely filing).
- Prices: withheld shares accounted at $42.64 per share; vested award listed at $0 acquisition cost.
- Shares withheld (total): 31,724; award vested: 76,929 shares.
- Shares owned after transaction: not specified in the excerpt of the filing.
- Footnotes: F1 = vesting of 2023 performance-share award under the long-term incentive plan; F2/F3 = shares withheld to cover taxes; F4 = remaining outstanding RSU/award schedule (details below).
- Transaction codes: A = award/acquisition upon vesting; F = shares withheld/disposed to satisfy tax withholding.
Context
- This was not an open-market sale for investment reasons but withholding of vested shares to satisfy tax obligations (a common, administrative action). The filing shows vesting of 2023 performance shares under the issuer's LTIP.
- Footnote F4 lists additional outstanding awards that may vest in future periods (e.g., RSUs vesting May 2026, Feb 2027–2029) and notes vesting is generally conditioned on continued employment and achievement of positive operating income for the prior year (except in cases of death or disability).