Brown Marcus V 4
Research Summary
AI-generated summary
Entergy (ETR) Exec Legal Advisor Marcus V. Brown Sells 21,428 Shares
What Happened
Marcus V. Brown, Executive Legal Advisor to the CEO of Entergy Corp (ETR), sold 21,428 shares of Entergy common stock in open‑market transactions on February 13, 2026. The Form 4 reports a weighted average price of $105.12 per share, with total proceeds of $2,252,511.
Key Details
- Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-17). Filing appears timely (within required business-day window).
- Quantity sold: 21,428 shares.
- Price: weighted average $105.12; trade prices ranged $105.12–$105.16 (see footnote).
- Proceeds: $2,252,511 (approx.).
- Shares owned after the transaction: not specified in the provided excerpt.
- Footnote: The reported price is a weighted average; the seller says they can provide the exact breakdown of shares sold at each price upon request.
- No 10b5-1 plan, option exercise, tax-withholding, or gift notation is shown in the provided details.
Context
This was a sale (liquidity event) reported by a company executive. Sales are common and can reflect routine portfolio management or cash needs; they do not, by themselves, indicate management’s view of the company’s prospects. The filing’s footnote clarifies the reported price is a weighted average across multiple trades.