Form 4: Entergy Corp Executive Phillip R May Jr. Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Phillip R May Jr., an officer of Entergy Corp, exercised stock options and sold shares of common stock on February 21, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On February 21, 2025, Phillip R May Jr., an officer of Entergy Corp, executed transactions involving Entergy's common stock.
- May exercised employee stock options to acquire 12,400 shares at $44.60 and 10,784 shares at $47.94.
- Simultaneously, May sold 35,184 shares of common stock at $85.28.
- Following these transactions, May directly owns 26,566 shares of Entergy common stock.
- May also indirectly owns 17,715 shares through a 401(k) plan.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on November 19, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an officer. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It's common for executives to utilize Rule 10b5-1 trading plans to manage their stock holdings and avoid accusations of insider trading. The filing itself doesn't provide specific insights into Entergy's overall performance or strategy, but it does offer a glimpse into the financial activities of its officers.
Comparison to Industry Standards
- Executive compensation practices, including stock option grants and trading plans, are common across publicly traded companies, including Entergy's peers in the utilities sector such as Duke Energy, Southern Company, and Exelon.
- The use of Rule 10b5-1 trading plans is a standard practice among corporate executives to manage their personal finances while complying with insider trading regulations.
- The specific details of these plans, such as the timing and volume of trades, are typically determined by the individual executive and their financial advisors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2022 | Original exercisable date of Employee Stock Option (Right to Buy) for 12,400 shares. |
| 01/28/2024 | Original exercisable date of Employee Stock Option (Right to Buy) for 10,784 shares. |
| 11/19/2024 | Date the reporting person adopted a Rule 10b5-1 trading plan. |
| 01/31/2029 | Expiration date of Employee Stock Option (Right to Buy) for 12,400 shares. |
| 01/28/2031 | Expiration date of Employee Stock Option (Right to Buy) for 10,784 shares. |
| 02/21/2025 | Date of the reported transactions: exercising stock options and selling shares. |
| 02/24/2025 | Date of the Form 4 filing. |
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