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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

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



	2019	2018	2017
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$3.8	$4.3	$4.4
Tax benefit recognized in Entergy’s consolidated net income	$1.0	$1.1	$1.7
Compensation cost capitalized as part of fixed assets and inventory	$1.4	$0.7	$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, 2019 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, 2019	2,993,333		$75.14
Options granted	693,161		$89.19
Options exercised	(1,227,047	)	$76.35
Options forfeited/expired	(10,534	)	$81.68
Options outstanding as of December 31, 2019	2,448,913		$78.48	$101,178,880	7.03 years
Options exercisable as of December 31, 2019	1,160,665		$73.97	$53,192,483	5.47 years
Weighted-average grant-date fair value of options granted during 2019	$8.32

The following table summarizes information about stock options outstanding as of December 31, 2019:



				Options Outstanding			Options Exercisable
Range of Exercise Price				As of December 31, 2019	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	Number Exercisable as of December 31, 2019	Weighted Average Exercise Price
	$51	-	$64.99	244,200	3.72	$63.69	244,200	$63.69
	$65	-	$78.99	1,323,452	6.89	$73.97	694,093	$72.50
	$79	-	$91.99	881,261	8.15	$89.36	222,372	$89.85
	$51	-	$89.90	2,448,913	7.03	$78.48	1,160,665	$73.97

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



	2019	2018	2017
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$20.2	$19.8	$19.7
Tax benefit recognized in Entergy’s consolidated net income	$5.1	$5.1	$7.6
Compensation cost capitalized as part of fixed assets and inventory	$7.1	$5.7	$5.2

The following table includes information about the restricted stock awards outstanding as of December 31, 2019:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2019	693,527		$74.17
Granted	379,690		$88.75
Vested	(346,842	)	$72.96
Forfeited	(34,241	)	$78.66
Outstanding shares at December 31, 2019	692,134		$82.56

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



	2019	2018		2017
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$11.1		$11.5		$10.8
Tax benefit recognized in Entergy’s consolidated net income	$2.8		$2.9		$4.2
Compensation cost capitalized as part of fixed assets and inventory	$4.0		$3.3		$3.0

The following table includes information about the long-term performance units outstanding at the target level as of December 31, 2019:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2019	566,626		$79.21
Granted	241,406		$96.18
Vested	(226,252	)	$84.52
Forfeited	(29,847	)	$87.43
Outstanding shares at December 31, 2019	551,933		$84.01

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



	2019	2018	2017
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$2.2	$2.9	$2.5
Tax benefit recognized in Entergy’s consolidated net income	$0.6	$0.7	$1.0
Compensation cost capitalized as part of fixed assets and inventory	$0.9	$0.7	$0.6

The following table includes information about the restricted stock unit awards outstanding as of December 31, 2019:



	Shares		Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2019	186,763		$76.43
Granted	26,700		$109.10
Vested	(83,000	)	$77.05
Outstanding shares at December 31, 2019	130,463		$82.72