Entergy (ETR) director reports grant of 245 deferred equity units in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entergy Corporation director reports quarterly equity grant. A company director filed a Form 4 disclosing a quarterly grant of 245 equity units, each economically equivalent to one share of Entergy common stock. These units were issued at a price of $0 as part of Entergy's Director Stock Program and are classified as derivative securities. At the end of a deferral period chosen by the director, the units will be settled in cash based on the value of Entergy common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DONALD KIRKLAND H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Equity Units | 245 | $0.00 | -- |
Holdings After Transaction:
Equity Units — 14,660 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Entergy (ETR) report in this Form 4?
A director of Entergy Corporation (ETR) reported receiving a quarterly grant of 245 equity units linked to Entergy common stock under the Director Stock Program.
What are the 245 equity units reported by the Entergy (ETR) director?
The 245 equity units are deferred awards where each unit is the economic equivalent of one share of Entergy common stock, to be settled in cash at the end of a selected deferral period.
Was there a purchase price for the Entergy (ETR) director’s equity units?
The filing states that the 245 equity units were granted at a price of $0, reflecting an award under Entergy's Director Stock Program rather than an open-market purchase.
How will the Entergy (ETR) director’s equity units be settled?
According to the disclosure, the equity units will be distributed in cash at the end of the deferral period selected by the reporting person, based on the value of Entergy common stock.
Does this Entergy (ETR) Form 4 involve derivative securities?
Yes. The Form 4 lists the award in Table II for derivative securities, describing the units as deferred equity units tied to Entergy common stock.