Form 4: Entergy Corp Executive VP Peter Norgeot Sells Shares Under 10b5-1 Trading Plan

Executive VP and Chief Operating Officer of Entergy Corp, Peter Norgeot S Jr, sold 7,922 shares of common stock at $130 and exercised stock options to acquire 7,922 shares at $95.87 on September 23, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 23, 2024, Peter Norgeot S Jr, Executive VP & Chief Operating Officer of Entergy Corp, engaged in transactions involving the company's common stock.
• Norgeot exercised employee stock options to acquire 7,922 shares at a price of $95.87 per share.
• Concurrently, Norgeot sold 7,922 shares of common stock at $130 per share.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on May 10, 2024.
• Following these transactions, Norgeot directly owns 34,993 shares of Entergy Corp common stock.
• Norgeot also directly owns 3,962 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. The transactions are part of a pre-arranged plan.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies, often governed by pre-arranged trading plans like Rule 10b5-1 to avoid insider trading accusations. These transactions can be influenced by factors such as company performance, executive compensation structures, and personal financial planning.

Comparison to Industry Standards

• Executive compensation packages in the utility sector, like Entergy, typically include a mix of base salary, stock options, and restricted stock units.
• The vesting schedules and exercise prices of stock options are generally aligned with industry norms to incentivize long-term performance.
• Rule 10b5-1 trading plans are widely used by corporate executives across various industries to manage their stock holdings in a compliant manner.
• Comparing Entergy's executive compensation structure and stock ownership guidelines with peers like Duke Energy, Southern Company, and Exelon can provide further context.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates