ETR executive Kimberly Cook-Nelson plans $1.9M stock sale under Form 144
Rhea-AI Filing Summary
Entergy Corp. (ETR) – Form 144 filing: Chief administrative officer Kimberly Cook-Nelson has filed to sell up to 21,160 common shares through Fidelity Brokerage on or after 30 Jul 2025. The shares have an aggregate market value of $1.91 million, implying a reference price of roughly $90/share. The proposed sale represents only ≈0.005 % of the 430.8 million shares outstanding.
The shares originate from three option exercises granted on 27 Jan 2022, 26 Jan 2023 and 25 Jan 2024, totaling 4,472; 6,540; and 10,148 shares respectively, all paid in cash on 30 Jul 2025. During the past three months the filer already sold 7,500 shares for $660,000 (≈$88/share).
Form 144 is a notification only; it does not guarantee that the sale will occur. No adverse, non-public information is asserted, and the filer affirms compliance with Rule 10b5-1 if applicable.
Positive
- Sale size is immaterial, representing only ≈0.005 % of shares outstanding, limiting potential market impact.
Negative
- Insider selling can be interpreted by some investors as a bearish signal, even if routine.
Insights
TL;DR: Small-scale insider sale (<0.01 % float); signals routine diversification, negligible impact on ETR valuation.
The filing discloses a prospective disposal of 21,160 shares by senior executive Kimberly Cook-Nelson. At $1.9 M, the trade is immaterial to Entergy’s $23 B market cap and falls well within normal Rule 144 parameters. The shares stem from recent option exercises, indicating compensation monetisation rather than a bearish outlook. Previous 7,500-share sale in July supports a staggered liquidity strategy. No mention of concurrent negative developments and the Rule 10b5-1 language lowers litigation risk. From a governance lens, the transaction appears routine and should not alter investor perception or capital structure.