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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 265 | $0.00 | -- |
Footnotes (1)
- Acquired under Entergy Corporation's Director Stock Program. On the Form 4 filed on June 2, 2025 for this reporting person, due to an administrative error, it was erroneously reported that the reporting person sold 647 shares when only 600 shares were sold. The balance on this Form 4 corrects that error.
