Form 4: Entergy Director Philip L. Frederickson Increases Stake Through Stock and Phantom Unit Grants

Entergy Corporation Director Philip L. Frederickson has increased his beneficial ownership in the company by acquiring common stock and phantom stock units through established company programs.

Summary

• Philip L. Frederickson, a Director at Entergy Corp /DE/ (ETR), acquired 279 shares of common stock on June 2, 2025, under Entergy Corporation's Director Stock Program.
• Additionally, Mr. Frederickson acquired 1,023 phantom stock units on June 2, 2025, through Entergy Corporation's Service Recognition Program.
• Each phantom stock unit is the economic equivalent of one share of Entergy common stock, vested at the time of grant, and will be settled in shares after his separation from Entergy's Board of Directors.
• Following these transactions, Mr. Frederickson's total beneficial ownership stands at 31,306 shares of common stock.
• This total includes 103 shares of Entergy common stock acquired pursuant to Entergy's dividend reinvestment plan.

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates a director increasing their stake in the company, albeit through compensation programs rather than open market purchases, which still aligns their interests with shareholders.

Positives

• A director increasing their stake in the company, even through grants, can signal continued alignment of interests between management and shareholders.
• The acquisition of shares and phantom units through established programs indicates ongoing compensation and retention mechanisms for board members.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

Insider transactions, particularly stock grants to directors as part of compensation plans, are a common practice across various industries, including the utilities sector, to align the interests of board members with those of shareholders.

Comparison to Industry Standards

• The acquisition of shares and phantom units through established compensation programs is a standard practice for director remuneration in publicly traded companies, aligning with common corporate governance practices.
• The specific number of shares granted would typically be benchmarked against peer companies in the utility sector (e.g., Duke Energy, Southern Company, NextEra Energy) to ensure competitive and appropriate director compensation, though this document does not provide such comparative data.

Stakeholder Impact

• Shareholders: The increase in a director's beneficial ownership, even through grants, can be viewed positively as it enhances alignment between the board and shareholder interests.

Key Dates

Keywords

Entergy Corporation, ETR, Form 4, Insider Transaction, Director Stock Program, Phantom Stock Units, Beneficial Ownership, Corporate Governance, SEC Filing