Form 4: Entergy Corp Executive VP Sells Shares After Exercising Stock Options
SEC Form 4 Filing
Entergy Corp's Executive Vice President and Chief Operating Officer, Peter S Norgeot Jr, sold 19,336 shares of common stock after exercising stock options at a price of $54.8 per share.
Summary
- On February 28, 2025, Peter S Norgeot Jr, Executive Vice President & Chief Operating Officer of Entergy Corp, exercised stock options to acquire 19,336 shares of common stock at $54.8 per share.
- Following the acquisition, Norgeot sold the same 19,336 shares at a weighted average price of $86.78, with individual transactions ranging from $86.74 to $86.84.
- After these transactions, Norgeot directly owns 86,065 shares of Entergy Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock option exercises and sales, indicating a neutral sentiment.
Industry Context
This filing reflects routine transactions by a company executive and is typical for executives holding stock options as part of their compensation package. It doesn't necessarily indicate a broader trend within the utility industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine executive stock transaction.
Key Dates
| Date | Description |
|---|---|
| 01/27/2022 | Options were granted to the reporting person. |
| 01/27/2023 | Options became exercisable in three equal annual installments beginning on this date. |
| 02/28/2025 | Date of transaction: Exercise of stock options and sale of common stock. |
| 01/27/2032 | Expiration date of the employee stock options. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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