ETR Form 4: Director Stock Award of 265 Shares and Disclosure Correction
Rhea-AI Filing Summary
Entergy Corporation director Brian W. Ellis acquired 265 shares of Entergy common stock on 09/02/2025 under the company's Director Stock Program, at a reported price of $0 (deemed issuance under the program). After the transaction, Ellis beneficially owns 12,912 shares. The filing corrects an administrative error from a Form 4 filed on 06/02/2025 that had incorrectly reported a sale of 647 shares when only 600 shares were sold. The Form 4 was submitted by power of attorney on 09/03/2025.
Positive
- Acquisition under Director Stock Program of 265 shares on 09/02/2025 adds to director alignment with shareholders
- Correction of prior reporting error clarifies insider holdings and shows disclosure was amended
Negative
- Administrative error in prior Form 4 incorrectly reported the number of shares sold (647 reported vs. 600 actually sold), indicating a reporting control lapse
Insights
TL;DR: Director acquisition is routine compensation; corrected prior reporting error highlights an administrative fix but not a material corporate change.
The 265-share acquisition was executed through the Director Stock Program and carries no cash purchase price in the filing, indicating an equity-award issuance common for board compensation. The post-transaction beneficial ownership of 12,912 shares is modest relative to a large-cap utility and unlikely to move valuation metrics. The explicit correction to the June Form 4 reduces ambiguity in insider holdings and is important for transparency; it appears administrative rather than substantive.
TL;DR: Filing shows standard director equity issuance and a corrected reporting error, underscoring the need for accurate Section 16 disclosures.
Acquisitions under director compensation plans are routine and align director and shareholder interests. The correction of a previously misstated sale (647 reported vs. 600 actually sold) is material to disclosure accuracy but does not indicate a change in control or new governance actions. Timely amendment and POA signature demonstrate remediation of the administrative inaccuracy.