Ryan Jason Michael 4
4 · CENTERPOINT ENERGY INC · Filed Feb 17, 2023
Insider Transaction Report
Form 4
Ryan Jason Michael
EVP, Reg. Svcs. & Gov. Affairs
Transactions
- Award
Common Stock
2023-02-15+8,754→ 56,982 total
Holdings
- 3,282(indirect: By Savings Plan)
Common Stock
Footnotes (3)
- [F1]Time-based restricted stock units ("RSUs") awarded under the Issuer's Long-Term Incentive Plan (the "Plan") and vesting (i) in February 2026 if the Reporting Person ("R.P.") continues to be an employee of Issuer from the grant date through the vesting date, (ii) in the event of his earlier disability or death, or (iii) on a pro-rata basis upon his earlier retirement unless he satisfies various conditions for full vesting, provided, however, that any such vesting is conditioned upon positive operating income in the last full calendar year of the restricted period except in the case of death or disability.
- [F2]Total includes (i) 9,262 time-based restricted stock units ("RSUs") previously awarded under the Plan and vesting in February 2023, (ii) 9,358 RSUs previously awarded under the Plan and vesting in February 2024, and (iii) 7,824 RSUs previously awarded under the Plan and vesting in February 2025. The above awards shall vest (i) if the R.P. continues to be an employee of Issuer from grant date through vesting date and (ii) in the event of his disability or death. Also, the above awards shall vest on a pro-rata basis in the event of his retirement unless he satisfies various conditions for full vesting. However, for shares vesting in February 2024 and February 2025, any such vesting is conditioned upon positive operating income in the last full calendar year of the restricted period except in the case of death or disability.
- [F3]Equivalent shares held in CenterPoint Energy, Inc. Savings Plan.