Form 4: Entergy Corp Executive Peter S Norgeot Jr. Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President and Chief Operating Officer of Entergy Corp, Peter S Norgeot Jr., reports the acquisition and disposal of company stock.
Summary
- Peter S Norgeot Jr., an EVP and Chief Operating Officer at Entergy Corp, reported transactions involving the company's common stock.
- On January 17, 2025, Mr. Norgeot acquired 24,319 shares of common stock at $0 per share, which was a settlement of long-term performance units.
- On the same day, he disposed of 10,699 shares at a price of $81.99 per share.
- Following these transactions, Mr. Norgeot beneficially owns 84,596 shares of Entergy common stock.
- The reported balance includes 450 shares acquired through the dividend reinvestment plan and 45 shares acquired through a dividend reinvestment feature of Entergy's equity ownership plan.
- The balance is adjusted to reflect a 2-for-1 forward stock split effective on December 12, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, which is neither positive nor negative for the company's overall outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are typical for executives receiving stock-based compensation and managing their personal holdings.
- Similar filings are made by executives at comparable companies such as Duke Energy, Southern Company, and NextEra Energy.
Stakeholder Impact
- The stock transactions by the executive may have a minor impact on the stock price, but are generally not considered significant.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Effective date of the 2-for-1 forward stock split. |
| 01/17/2025 | Date of stock acquisition and disposal by Peter S Norgeot Jr. |
| 01/22/2025 | Date of signature on the Form 4 filing. |
Keywords
Entergy Corp, stock transaction, insider trading, Form 4, Peter S Norgeot Jr, executive compensation, stock split, dividend reinvestment
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