Insider Sells Over 17,000 Shares of Utility Stock, Valued at Nearly $700,000
Non-discretionary sale to cover tax withholding on vesting restricted stock units. Soto retains 173,355 shares and over 146,000 RSUs vesting through 2029.
Overview
Jesus Soto Jr., EVP and COO, reported a disposition of 17,075 shares of CenterPoint Energy, Inc. (NYSE:CNP) on Aug. 11, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($40.18); post-transaction value based on Aug. 11, 2026, market close ($40.18).
Details
CenterPoint Energy is a diversified public utility holding company with a $26.7 billion market capitalization and TTM revenues of $9.6 billion, operating as a regulated electric and natural gas utility across multiple U.S. markets. The company's business model is anchored in regulated utility operations, which provide stable, predictable cash flows through cost-of-service rate structures and infrastructure investment opportunities. CenterPoint Energy maintains a competitive position through its integrated electric and natural gas platforms, established distribution networks, and participation in wholesale power markets, enabling the company to serve diverse customer segments while benefiting from regulatory frameworks that support long-term capital deployment.
Source
Originally published at www.fool.com.