XML 90 R43.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

The following table includes financial information for stock options for each of the years presented:


	2020	2019	2018
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$3.9	$3.8	$4.3
Tax benefit recognized in Entergy’s consolidated net income	$1.0	$1.0	$1.1
Compensation cost capitalized as part of fixed assets and inventory	$1.5	$1.4	$0.7

The stock option weighted-average assumptions used in determining the fair values are as follows:

A summary of stock option activity for the year ended December 31, 2020 and changes during the year are presented below:


	Number of Options	Weighted- Average Exercise Price	Aggregate Intrinsic Value	Weighted- Average Contractual Life
Options outstanding as of January 1, 2020	2,448,913	$78.48
Options granted	530,716	$131.72
Options exercised	(544,082)	$79.27
Options forfeited/expired	(36,168)	$108.69
Options outstanding as of December 31, 2020	2,399,379	$89.63	$40,842,152	6.72 years
Options exercisable as of December 31, 2020	1,264,641	$74.55	$31,979,370	5.26 years
Weighted-average grant-date fair value of options granted during 2020	$11.45

The following table summarizes information about stock options outstanding as of December 31, 2020:


			Options Outstanding			Options Exercisable
Range of Exercise Price			As of December 31, 2020	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	Number Exercisable as of December 31, 2020	Weighted Average Exercise Price

$51	-	$64.99	240,200	2.72	$63.69	240,200	$63.69
$65	-	$78.99	960,110	6.09	$73.86	759,031	$72.74
$79	-	$91.99	686,753	7.24	$89.34	265,410	$89.57
$92	-	$131.72	512,316	9.08	$131.72	—	$0.00
$51	-	$131.72	2,399,379	6.72	$89.63	1,264,641	$74.55

The following table includes financial information for restricted stock for each of the years presented:


	2020	2019	2018
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$23.1	$20.2	$19.8
Tax benefit recognized in Entergy’s consolidated net income	$5.9	$5.1	$5.1
Compensation cost capitalized as part of fixed assets and inventory	$8.5	$7.1	$5.7

The following table includes information about the restricted stock awards outstanding as of December 31, 2020:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2020	692,134	$82.56
Granted	336,363	$130.11
Vested	(345,271)	$79.41
Forfeited	(34,728)	$101.32
Outstanding shares at December 31, 2020	648,498	$107.89

The following table includes financial information for the long-term performance units for each of the years presented:


	2020	2019	2018
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$12.6	$11.1	$11.5
Tax benefit recognized in Entergy’s consolidated net income	$3.2	$2.8	$2.9
Compensation cost capitalized as part of fixed assets and inventory	$4.9	$4.0	$3.3

The following table includes information about the long-term performance units outstanding at the target level as of December 31, 2020:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2020	551,933	$84.01
Granted	376,557	$105.90
Vested	(423,225)	$71.40
Forfeited	(29,500)	$111.86
Outstanding shares at December 31, 2020	475,765	$110.82

The following table includes financial information for restricted stock unit awards for each of the years presented:


	2020	2019	2018
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$2.0	$2.2	$2.9
Tax benefit recognized in Entergy’s consolidated net income	$0.5	$0.6	$0.7
Compensation cost capitalized as part of fixed assets and inventory	$0.9	$0.9	$0.7

The following table includes information about the restricted stock unit awards outstanding as of December 31, 2020:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2020	130,463	$82.72
Granted	18,100	$114.30
Vested	(55,888)	$77.04
Forfeited	(6,500)	$84.32
Outstanding shares at December 31, 2020	86,175	$92.92