Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 658

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 658
---
 vesting.  The costs of restricted stock unit awards are charged to income over the restricted period, which varies from grant to grant.  The average vesting period for restricted stock unit awards granted is 39 months.  As of December 31, 2024, there were 230,058 unvested restricted stock units that are expected to vest over an average period of 44 months.The following table includes information about the restricted stock unit awards outstanding as of December 31, 2024: SharesWeighted-Average Grant Date Fair Value Per ShareOutstanding shares at January 1, 2024279,000 $52.55Granted55,174 $66.26Vested(87,192)$51.70Forfeited(16,924)$44.90Outstanding shares at December 31, 2024230,058 $56.73The following table includes financial information for restricted stock unit awards for each of the years presented: 202420232022 (In Millions)Compensation expense included in Entergy’s consolidated net income$2.5$2.8$2.0Tax benefit recognized in Entergy’s consolidated net income$0.6$0.7$0.5Compensation cost capitalized as part of fixed assets and materials and supplies$1.2$1.2$0.8

203

Table of ContentsEntergy Corporation and SubsidiariesNotes to Financial Statements

The total fair value of the restricted stock unit awards granted was $4 million, $2 million, and $8 million for the years ended December 31, 2024, 2023, and 2022, respectively.The total fair value of the restricted stock unit awards vested was $5 million, $1 million, and $3 million for the years ended December 31, 2024, 2023, and 2022, respectively.

NOTE 13.  BUSINESS SEGMENT INFORMATION (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy)

Entergy has a single reportable segment, Utility, which includes the generation, transmission, distribution, and sale of electric power in portions of Arkansas, Mississippi, Texas, and Louisiana, including the City of New Orleans; and operation of a small natural gas distribution business in portions of Louisiana.  Revenue for the Utility segment is primarily derived from retail electric sales.  The accounting policies