CALDWELL JAMES FRANK JR 4

What Happened
James F. Caldwell Jr., a director of Entergy Corp. (ETR), received equity awards on 2026-06-01 consisting of two grants: 221 shares under Entergy's Director Stock Program and 501 phantom stock units under the Service Recognition Program. Both grants were reported at $0.00 per share/unit (i.e., awarded, not purchased), totaling 722 shares/units granted.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (appears timely).
• Grants: 221 shares (Director Stock Program) and 501 phantom stock units (Service Recognition Program). Reported acquisition price: $0.00.
• Total shares/units granted: 722. Reported dollar consideration for the awards: $0.
• Phantom stock note: the 501 phantom units are the economic equivalent of one share each, are vested at grant, and will be settled in shares after the director separates from Entergy's board.
• Additional note (F3): the filing references 2 shares acquired under Entergy’s dividend reinvestment plan.
• Shares owned after the transaction: not specified in the provided filing.

Context
These transactions are awards (compensation/recognition), not open-market purchases or sales, and are commonly part of director pay programs. Phantom units are deferred-equity instruments that track stock value and convert to actual shares upon specified events (here, separation from the board). Such awards are routine for board members and do not by themselves indicate the director buying/selling stock for a market-view signal.