8-K/ALeadership ChangesExhibits & Filings

ENTERGY CORP /DE/ 8-K/A Report, Executive Changes (Aug 2, 2022)

Filed August 2, 2022For Securities:ETR

Summary

This 8-K filing by Entergy Corp. (ETR) primarily announces the compensation details for Peter S. Norgeot, Jr., who is set to assume the role of Executive Vice President and Chief Operating Officer effective August 12, 2022. Investors should note the competitive compensation package designed to attract and retain executive talent, reflecting the importance of this operational leadership role. The compensation structure includes a base salary, annual cash bonus targets, and long-term equity incentives, aligning the executive's interests with shareholder value.

Key Highlights

  • 1Peter S. Norgeot, Jr. appointed Executive Vice President and Chief Operating Officer effective August 12, 2022.
  • 2Mr. Norgeot's annual base salary will be $575,000.
  • 3Eligible for an annual cash bonus targeted at 75% of his Base Salary.
  • 4Eligible to receive performance units, restricted stock, and stock options under the 2019 Omnibus Incentive Plan.
  • 5Long-term incentive grants will be determined based on seniority, scope of responsibility, and the company's normal annual compensation process.
  • 6Will participate in other general executive compensation and benefit programs.

Frequently Asked Questions

The appointment signifies a key leadership change in Entergy's operational management. The compensation package indicates the company's commitment to attracting and retaining high-caliber executive talent for this critical role, suggesting a focus on operational efficiency and strategic execution.

Mr. Norgeot's compensation includes a base salary of $575,000, an annual cash bonus targeted at 75% of his base salary, and eligibility for long-term incentives such as performance units, restricted stock, and stock options under the company's incentive plan.

Mr. Norgeot's appointment as Executive Vice President and Chief Operating Officer, along with his new compensation structure, will be effective August 12, 2022.

Yes, Mr. Norgeot will participate in other compensation and benefit programs that are generally made available to other Entergy executives.