Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 656

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 656
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447,251 $51.74

201

Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

The following table includes financial information for restricted stock for each of the years presented: 202420232022 (In Millions)Compensation expense included in Entergy’s consolidated net income$24.4$22.2$23.2Tax benefit recognized in Entergy’s consolidated net income$6.2$5.7$5.9Compensation cost capitalized as part of fixed assets and materials and supplies$11.3$9.7$9.2The total fair value of the restricted stock awards granted was $43 million, $41 million, and $39 million for the years ended December 31, 2024, 2023, and 2022, respectively.The total fair value of the restricted stock awards vested was $32 million, $33 million, and $34 million for the years ended December 31, 2024, 2023, and 2022, respectively.Long-Term Performance Unit ProgramEntergy grants long-term incentive awards earned under its stock benefit plans in the form of performance units, which represents the value of, and are settled with, one share of Entergy Corporation common stock at the end of the three-year performance period, plus dividends accrued during the performance period on the number of performance units earned.  The Long-Term Performance Unit Program specifies a minimum, target, and maximum achievement level, the achievement of which will determine the number of performance units that may be earned.  Entergy measures performance by assessing Entergy’s total shareholder return relative to the total shareholder return of the companies in the Philadelphia Utility Index.  To emphasize the importance of environmental stewardship, specifically of carbon-free generation and resilience, an environmental achievement measure was selected  as one of the performance measures for the 2024-2026 performance period.  For the 2024-2026 performance period, performance will be measured based eighty percent on relative total shareholder return and twenty percent on the environmental achievement measure.  The total shareholder return portion is valued based on various factors, primarily market conditions; and the environmental achievement measure portion is valued based on the closing price of Entergy Corporation’s common stock on the grant date.  Performance units have the same dividend and voting rights as other common stock, are considered issued and outstanding shares of Entergy upon vesting, and are expensed ratably over the three-year vesting period, and compensation cost for the portion of