Form 4: Entergy Corp Executive Reginald T. Jackson Reports Stock Sale
SEC Filing
Reginald T. Jackson, SVP & Chief Accounting Officer of Entergy Corp, reported the sale of 9,229 shares of common stock on May 6, 2024, while also exercising stock options.
Summary
- Reginald T. Jackson, a senior officer at Entergy Corp, filed a Form 4 detailing changes in beneficial ownership of Entergy stock.
- On May 6, 2024, Jackson exercised employee stock options to acquire 3,767 shares of Entergy common stock at a price of $95.87 per share.
- Simultaneously, Jackson sold 3,767 shares at a weighted average price of $108.72, with individual transactions ranging from $108.70 to $108.73.
- An additional 5,462 shares were sold at $108.7.
- Following these transactions, Jackson directly owns 2,166 shares and indirectly owns 759 shares through a 401(k).
- Jackson also holds options to purchase 0 shares of Entergy common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the executive's trading activity.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders may interpret the stock sale as a lack of confidence in the company's future performance, although it could also be due to personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 01/28/2024 | Employee Stock Option Date Exercisable |
| 05/06/2024 | Date of earliest transaction; Exercise of stock options and sale of shares |
| 05/07/2024 | Date of signature |
| 01/28/2031 | Employee Stock Option Expiration Date |
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