Form 4: Entergy Corp Executive Sells Shares to Cover Tax Obligations

An Entergy Corp executive, Marcus V Brown, sold shares to cover tax obligations related to vesting of stock awards.

Summary

• Marcus V Brown, an Executive Vice President and General Counsel at Entergy Corp, sold a total of 1,781 shares of common stock.
• The sales occurred on January 25, 2025 and January 26, 2025.
• The shares were sold at a price of $82.52 per share.
• The sales were made to cover tax obligations related to the vesting of stock awards.
• Following these transactions, Mr. Brown directly owns 50,824 shares of Entergy Corp common stock and indirectly owns 1,429 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for an executive to cover tax obligations, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Similar transactions are regularly reported by executives at comparable utility companies such as Duke Energy, Southern Company, and NextEra Energy.

Stakeholder Impact

• The stock sales by the executive are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Entergy Corp, Marcus V Brown, stock sale, insider trading, Form 4, executive compensation, tax obligations