Form 4: CenterPoint Energy SVP Darin M. Carroll Reports Stock Transactions
SEC Form 4 Filing
Darin M. Carroll, SVP of Electric Business at CenterPoint Energy, reports the vesting of performance shares and subsequent withholding of shares for taxes.
Summary
- On February 20, 2025, Darin M. Carroll, SVP of Electric Business at CenterPoint Energy, reported transactions involving common stock.
- 9,546 shares were acquired through the vesting of performance shares awarded in 2022 under the company's Long-term Incentive Plan.
- 2,478 shares were withheld for taxes upon the vesting of these performance shares at a price of $33.73.
- An additional 1,027 shares were withheld for taxes upon the vesting of time-based restricted stock units (RSUs) at a price of $33.73.
- Following these transactions, Carroll beneficially owns 41,187 shares of CenterPoint Energy common stock.
- The total includes previous awards of RSUs vesting in February 2026 (5,407 RSUs), February 2026 and 2027 (4,162 RSUs), and February 2026, 2027, and 2028 (7,827 RSUs).
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The vesting of performance shares indicates that performance targets were met under the Long-term Incentive Plan.
Future Outlook
The document mentions future vesting of RSUs in February 2026, 2027, and 2028, contingent upon continued employment and achievement of positive operating income.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions reported have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of earliest transaction: vesting of performance shares and withholding of shares for taxes. |
| 02/24/2025 | Date of signature by Attorney-in-Fact. |
| February 2026 | Vesting date for 5,407 RSUs. |
| February 2026 and 2027 | Vesting dates for 4,162 RSUs in two equal installments. |
| February 2026, 2027, and 2028 | Vesting dates for 7,827 RSUs in three equal installments. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Shares, CenterPoint Energy, CNP, Carroll, Vesting
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