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

Peter S. Norgeot Jr., Executive VP and Chief Operating Officer of Entergy Corp, sold 7,000 shares of common stock at $125 per share on September 13, 2024, while also exercising options to acquire 7,000 shares at $89.19.

Summary

• On September 13, 2024, Peter S. Norgeot 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 7,000 shares at a price of $89.19 per share.
• Simultaneously, Norgeot sold 7,000 shares of common stock at $125 per share.
• Following these transactions, Norgeot directly owns 34,993 shares of Entergy Corp common stock.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 10, 2024.
• The employee stock options, granted earlier, vested in three equal annual installments starting January 31, 2020.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The use of a 10b5-1 plan suggests pre-planned activity, reducing potential negative interpretations.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which can mitigate concerns about insider trading.

Future Outlook

There is no future outlook provided in this document.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates