Form 4: Entergy Corp Executive Marcus V. Brown Reports Stock Transactions
SEC Form 4 Filing
EVP & General Counsel of Entergy Corp, Marcus V. Brown, reports the conversion of restricted stock units into common stock.
Summary
- Marcus V. Brown, EVP & General Counsel of Entergy Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2024, 14,216 restricted stock units converted into shares of Entergy Corporation common stock on a one-for-one basis.
- These restricted stock units were granted on May 17, 2021, and vested in whole on May 17, 2024.
- Following the transaction, Brown directly owns 24,127 shares of common stock and indirectly owns 715 shares through a 401(k).
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted compensation.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 05/17/2021 | Restricted stock units were granted to Marcus V. Brown. |
| 05/17/2024 | Restricted stock units vested and converted into common stock; transaction date. |
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