Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1037

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 3
Chunk 1037
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 base salary and annual and long-term incentives as outlined in the table below:

Compensation ElementFormObjectiveMetrics/Performance PeriodBase SalaryCashProvides a base level of competitive cash compensation for executive talent.Adjustments consider individual performanceAnnual Incentive Program AwardsCashMotivates and rewards executives for performance on both key financial and non-financial measures during the year; incentivizes behaviors that serve the Company’s four stakeholders - customers, employees, communities, and owners.•ETR Adjusted EPS•Adjusted FFO/Debt Ratio•Safety•Customer NPS•DIBMeasured over a one-year performance period2024–2026PUP AwardsEquityProvides market competitive compensation designed to retain skills and knowledge while increasing our executives’ ownership in the Company to further enhance their focus on driving continuous improvement in operational results to the benefit of all stakeholders.  Designed to focus our executives on driving utility growth, building long-term shareholder value, making progress toward quantitative environmental goals aligning with desired customer outcomes for clean energy, reliable operations, and reduced storm restoration costs and delivering positive outcomes from capital investments relating to both the energy transition and environmental risks.•Relative TSR•Environmental StewardshipMeasured over a three-year performance periodStock OptionsEquityEnhances management’s focus on driving continuous improvement in operational results to the benefit of all stakeholders.  Designed to align interests of management with long-term shareholder value as demonstrated by increases in our share price, provide market competitive compensation, retain talent, and increase management’s ownership in the Company.Share price appreciation with three-year pro rata vestingRestricted StockEquityEnhances management’s focus on driving continuous improvement in operational results to the benefit of all stakeholders.  Designed to provide market competitive compensation, retain talent, and increase management’s ownership in the Company.Service-based with three-year pro rata vesting

476

2024 Compensation Decisions

Base Salary

The salary for each NEO is based on the outcome of an annual merit review, results of the annual market assessment of NEO compensation as provided by Pay Governance, the need to retain an experienced team, job promotion, individual performance, scope of responsibility, leadership skills, and behaviors, current compensation, and internal equity.  The Talent and Compensation Committee considers changes in the base salaries of the NEOs at least annually, and in 2024, all of the NEOs received increases in their base salaries ranging from approximately 3.5% to 13.6%, which were effective April 1, 2024, and were based on the factors above.  In the