Martin H. Nesbitt - Aug 16, 2022 Form 4 Insider Report for CENTERPOINT ENERGY INC (CNP)

Role
Director
Signature
Vincent A. Mercaldi, Attorney-in-Fact
Stock symbol
CNP
Transactions as of
Aug 16, 2022
Transactions value $
$0
Form type
4
Date filed
8/18/2022, 04:31 PM
Previous filing
Jul 25, 2022
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNP Common Stock Other +19.1K 19.1K Aug 16, 2022 See footnote F1, F2
holding CNP Common Stock 11.5K Aug 16, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were previously reported as directly beneficially owned by the Reporting Person, but were contributed on or around September 1, 2020 to MN-CE, LLC, a limited liability company for which the Reporting Person is the sole manager (the "LLC"). The sole member of the LLC was a grantor retained annuity trust, for which the Reporting Person is the sole trustee and annuitant. In satisfaction of a required annuity payment from the grantor retained annuity trust, on September 9, 2021, a portion of the interests in the limited liability company were distributed from the grantor retained annuity trust to the Reporting Person. On August 16, 2022, the Reporting Person, through the Reporting Person's revocable trust (the "Revocable Trust"), purchased all of the outstanding interests in the LLC held by the grantor retained annuity trust in exchange for a promissory note in the amount of $432,253.61.
F2 Effective as of August 16, 2022, the Reporting Person is the sole manager of the LLC, and the Revocable Trust is the sole member of the LLC. The Reporting Person is the sole Trustee of the Revocable Trust.