Director John R. Burbank awarded 217 equity units at Entergy (NYSE: ETR)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Entergy Corporation director John R. Burbank reported acquiring 217 equity units on Entergy common stock as a quarterly grant under the company’s Director Stock Program. These equity units are deferred awards, bringing his directly held equity units to 5,391 after the transaction.
Each equity unit is the economic equivalent of one share of Entergy common stock, but the award will be settled in cash at the end of a deferral period chosen by Burbank rather than in actual shares. The grant was recorded with a transaction price of $0.00 per unit, reflecting that it is a compensatory award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burbank John R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Equity Units | 217 | $0.00 | -- |
Holdings After Transaction:
Equity Units — 5,391 shares (Direct)
Footnotes (1)
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FAQ
What did Entergy (ETR) director John R. Burbank report in this Form 4?
John R. Burbank reported a quarterly grant of 217 equity units tied to Entergy Corporation common stock. These units are part of Entergy’s Director Stock Program and increase his directly held equity units to 5,391 following the reported transaction.
How many Entergy (ETR) equity units did John R. Burbank receive?
He received 217 equity units as a grant or award. This quarterly grant under Entergy’s Director Stock Program raised his directly held balance to 5,391 equity units immediately after the transaction was recorded on the Form 4.
What are the equity units reported by Entergy (ETR) director John R. Burbank?
The equity units are deferred awards economically equivalent to one share of Entergy common stock each. According to the footnote, they are credited under the Director Stock Program and will be paid out in cash at the end of a selected deferral period.
Will John R. Burbank’s Entergy (ETR) equity units be paid in stock or cash?
The equity units will be distributed in cash, not stock. The footnote explains that each unit tracks the value of one share of Entergy common stock and is paid in cash at the end of the deferral period chosen by the reporting person.
Was John R. Burbank’s Entergy (ETR) Form 4 transaction an open-market purchase?
No. The Form 4 describes the transaction as a grant, award, or other acquisition at a reported price of $0.00 per unit. It is compensation under Entergy’s Director Stock Program rather than an open-market buy of Entergy common shares.
How is the value of John R. Burbank’s Entergy (ETR) equity units determined?
Each equity unit is the economic equivalent of one share of Entergy common stock. The footnote states that the units mirror the stock’s value and, after the chosen deferral period, the accumulated units will be settled in a cash distribution.