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 8,101 shares of common stock on August 26, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 26, 2024, Peter S. Norgeot Jr., the Executive VP & Chief Operating Officer of Entergy Corp, sold 8,101 shares of common stock.
• The sale was executed at a price of $120 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on May 10, 2024.
• Following the transaction, Norgeot directly owns 37,888 shares of Entergy Corp.
• Norgeot also exercised an employee stock option to buy 8,101 shares at $89.19.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily reflect a positive or negative outlook on the company's future.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for signals about management's view of the company's prospects. Sales under 10b5-1 plans are generally less indicative of current sentiment, as they are pre-arranged.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates