Marsh Andrew S 4

What Happened

Andrew S. Marsh, Entergy Corp. Chair, CEO and Director, had 3,687 shares disposed on January 26, 2026 as a payment to satisfy tax liability tied to an equity event. The shares were recorded at $94.97 each for a total value of approximately $350,154. This disposition is reported under code F (payment of exercise price or tax liability), which is typically a routine withholding rather than an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-01-26; Filing date: 2026-01-28 (Accession: 0000065984-26-000088) — appears to be filed in the normal two-business-day window.
• Shares disposed: 3,687 at $94.97 per share; reported total value ≈ $350,154.
• Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered to cover taxes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan or other footnotes were indicated in the provided summary.

Context

A code F disposition usually means the insider surrendered or had shares withheld to cover taxes from an option exercise or restricted stock vesting (a form of net-share settlement), not an active market sale signaling a change in investment view. For retail investors, routine tax-withholding dispositions are common and generally less informative about management’s view of the company than outright open-market purchases or large discretionary sales.