Form 4: Entergy Director Karen Puckett Increases Stake Through Pre-Planned Stock and Phantom Unit Grants

Entergy Corporation Director Karen A. Puckett acquired 1,302 shares and phantom stock units through company compensation programs, increasing her beneficial ownership to 32,417 shares, as part of a pre-planned transaction under Rule 10b5-1(c).

Summary

• Karen A. Puckett, a Director of Entergy Corporation (ETR), reported the acquisition of common stock and phantom stock units.
• On June 2, 2025, Ms. Puckett acquired 279 shares of Common Stock at a price of $0, as part of Entergy Corporation's Director Stock Program.
• On the same date, she also acquired 1,023 phantom stock units at a price of $0, under Entergy Corporation's Service Recognition Program.
• These phantom stock units are economically equivalent to one share of Entergy common stock, are vested at the time of grant, and will be settled in shares after her separation from Entergy's Board of Directors.
• Following these transactions, Ms. Puckett's direct beneficial ownership of Entergy common stock and phantom stock units increased to 32,417.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director is increasing their stake in the company, aligning their interests with shareholders. The transactions are routine compensation, not indicative of negative events.

Positives

• The acquisition of additional shares and phantom units by a director aligns their interests more closely with those of shareholders, potentially indicating confidence in the company's future.
• The transactions are part of established company compensation programs (Director Stock Program and Service Recognition Program), indicating routine and structured equity grants.

Future Outlook

This Form 4 filing reports pre-planned equity grants scheduled for a future date (June 2, 2025) under a Rule 10b5-1 plan, indicating a structured approach to director compensation.

Industry Context

The acquisition of stock and phantom units by a director as part of compensation programs is a common practice in publicly traded companies, aiming to align management and director incentives with shareholder interests. The use of Rule 10b5-1 plans for such transactions is standard for pre-planned insider equity movements.

Stakeholder Impact

• Shareholders: The increase in director ownership can be viewed positively as it enhances alignment between management and shareholder interests.

Key Dates

Keywords

Entergy, ETR, Form 4, Insider Transaction, Director Compensation, Stock Grant, Phantom Stock Units, Beneficial Ownership, Rule 10b5-1