Form 4: Entergy Director Kirkland H. Donald Reports Acquisition of Phantom Stock and Equity Units

Entergy Corporation Director Donald Kirkland H. reported the acquisition of 1,023 phantom stock units and 279 equity units as part of compensation programs, increasing his total beneficial ownership.

Summary

• Donald Kirkland H., a Director at Entergy Corporation (ETR), reported transactions on June 2, 2025, involving the acquisition of company securities.
• He acquired 1,023 phantom stock units under Entergy's Service Recognition Program, which are equivalent to one share of Entergy common stock each and are vested at the time of grant.
• These phantom stock units will be settled in shares of Entergy common stock after his separation from Entergy's Board of Directors.
• Additionally, he acquired 279 equity units as a quarterly grant from Entergy's Director Stock Program, which are deferred and equivalent to one share of Entergy common stock each.
• These equity units will be distributed in cash at the end of the deferral period selected by Mr. Donald.
• His beneficial ownership of common stock following these transactions is 23,464 shares, which includes 211 shares acquired through Entergy's dividend reinvestment plan.
• His beneficial ownership of derivative equity units following these transactions is 14,150 units.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director's increased beneficial ownership, even through compensation, generally aligns their interests with shareholders and can signal confidence in the company.

Positives

• The acquisition of phantom stock units and equity units aligns the director's interests with those of shareholders, as his compensation is tied to the company's stock performance.
• The increase in beneficial ownership by a director can be viewed as a sign of confidence in the company's future.

Future Outlook

The acquired phantom stock units will be settled in shares of Entergy common stock after the director's separation from the Board, and the equity units will be distributed in cash at the end of a selected deferral period.

Industry Context

This filing reflects routine director compensation practices common in publicly traded companies, where non-employee directors receive a portion of their compensation in equity or equity-linked instruments to align their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The acquisition of equity-linked compensation by a director can be seen as a positive alignment of interests, potentially fostering long-term value creation.

Next Steps

• Settlement of 1,023 phantom stock units in Entergy common stock upon Donald Kirkland H.'s separation from Entergy's Board of Directors.
• Distribution of 279 equity units in cash at the end of the deferral period selected by Donald Kirkland H.

Key Dates

Keywords

Entergy Corporation, ETR, SEC Form 4, Insider Transaction, Director Compensation, Phantom Stock Units, Equity Units, Beneficial Ownership, Stock Acquisition, Corporate Governance