Company: EAI
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000065984-25-000012
Chunk: 1016

Company: ENTERGY ARKANSAS, LLC
Filing Date: 2025-02-18
Form: 10-K
Item: Item 7
Chunk 1016
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— $— — $350,052,918 12/01/2024 - 12/31/2024— $— — $350,052,918 Total— $— —  

In accordance with Entergy’s stock-based compensation plans, Entergy periodically grants stock options to key employees, which may be exercised to obtain shares of Entergy’s common stock.  According to the plans, these shares can be newly issued shares, treasury stock, or shares purchased on the open market.  Entergy’s management has been authorized by the Board to repurchase on the open market shares up to an amount sufficient to fund the exercise of grants under the plans.  In addition to this authority, the Board has authorized share repurchase programs to enable opportunistic purchases in response to market conditions.  In October 2010 the Board granted authority for a $500 million share repurchase program.  The amount of share repurchases under these programs may vary as a result of material changes in business results or capital spending or new investment opportunities.  In addition, in the first quarter 2024, Entergy withheld 203,920 shares of its common stock at $49.66 per share, 105,036 shares of its common stock at $49.43 per share, 3,462 shares of its common stock at $51.97 per share, 632 shares of its common stock at $51.32 per share, 464 shares of its common stock at $51.39 per share, 82 shares of its common stock at $50.08 per share, and 12 shares of its common stock at $52.34 per share to pay income taxes due upon vesting of restricted stock granted and payout of performance units as part of its long-term incentive program.

(1)All share and per share amounts reflect the two-for-one forward stock split effective December 12, 2024.  See Note 7 to the financial statements for discussion of the stock split.  See Note 12 to the financial statements for additional discussion of the stock-based compensation plans.

(2)Maximum amount of shares that may yet be repurchased relates only to the $500 million share repurchase program plan and does not include an estimate of the amount of shares that may be purchased to fund the exercise of grants under the stock-based compensation plans.

Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Ent