Burbank John R 4
Research Summary
AI-generated summary
Entergy (ETR) Director John R. Burbank Receives 1,079-Unit Award
What Happened
John R. Burbank, a director of Entergy Corporation (ETR), was granted a total of 1,079 units on 2026-06-01: 858 shares of common stock (acquired at $0.00) plus 221 derivative phantom stock units (acquired at $0.00). These were awarded under Entergy’s director compensation programs (reporting code A, award/grant). No cash changed hands — these are compensation grants, not purchases or sales.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely).
- Grants: 858 shares @ $0.00 (direct stock units); 221 phantom/derivative units @ $0.00. Total units granted = 1,079.
- Shares owned after the transaction: not disclosed in this filing.
- Footnotes:
- F1: The 221 phantom stock units are part of the Service Recognition Program, are vested at grant, and are the economic equivalent of one share each; they will be settled in Entergy common stock after the director leaves the Board.
- F2: The 858-unit grant is a quarterly deferred director stock award (Director Stock Program); each unit equals one share economically and will be paid in cash at the end of the reporting person’s chosen deferral period.
- Transaction type: Award/Grant (A). No 10b5-1 plan or tax-withholding sale indicated.
Context
These grants are routine director compensation and do not indicate an open-market purchase or sale. Phantom/derivative units represent future economic exposure and may be settled in shares later; deferred equity units will be distributed in cash per the director’s deferral elections.