Entergy SVP Jason Chapman Exercises Options, Sells Shares
$ETR · ENTERGY CORP /DE/Research Summary
AI-generated summary of this SEC filing
Entergy SVP Jason Chapman Exercises Options, Sells Shares
What Happened Jason Chapman, SVP & Chief Technology & Business Services Officer at Entergy (ETR), exercised stock options on July 30, 2026 to acquire a total of 9,447 shares and immediately sold 9,447 shares in an open-market transaction. He exercised: 1,734 shares at $54.24 (cost $94,052), 5,140 shares at $49.54 (cost $254,636), and 2,573 shares at $82.79 (cost $213,019) — total exercise cash paid ≈ $561,707. The sale was 9,447 shares at a weighted-average price of $109.06 for total proceeds of $1,030,290 (sales ranged $109.04–$109.14 per footnote).
Key Details
- Transaction date: 2026-07-30 (Form filed 2026-07-31; appears timely).
- Exercise (code M): 1,734 @ $54.24; 5,140 @ $49.54; 2,573 @ $82.79 (total acquired 9,447 shares).
- Sale (code S): 9,447 shares sold at weighted avg $109.06 for $1,030,290 (price range $109.04–$109.14 per filing; footnote F1).
- Derivative entries showing $0 disposals reflect conversion/exercise of the options into shares.
- Net effect: acquired 9,447 shares and sold 9,447 shares — no net change in total share holdings from these transactions (post-transaction total shares not reported in the provided extract).
- Notable footnotes: F2 notes 54 shares from dividend reinvestment are included in ownership counts; F3–F5 detail option grant dates (Jan 26, 2023; Jan 25, 2024; Feb 6, 2025) and that these options vest in three equal annual installments.
Context This was an option exercise followed by an immediate sale of the exercised shares (commonly a cashless exercise or sale-to-cover pattern). Such same-day exercise-and-sell transactions are routine for executives converting option value to cash and do not, by themselves, indicate a change in long-term sentiment. The filing shows the mechanics (M = exercise, S = sale) and includes vesting/grant details in the footnotes.