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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

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


	2022	2021	2020
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$4.2	$4.2	$3.9
Tax benefit recognized in Entergy’s consolidated net income	$1.1	$1.1	$1.0
Compensation cost capitalized as part of fixed assets and materials and supplies	$1.7	$1.5	$1.5

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, 2022 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, 2022	2,819,644	$90.82
Options granted	444,028	$109.59
Options exercised	(438,220)	$72.51
Options forfeited/expired	(49,097)	$114.32
Options outstanding as of December 31, 2022	2,776,355	$96.30	$54,255,547	6.31 years
Options exercisable as of December 31, 2022	1,863,408	$90.28	$47,600,767	5.30 years
Weighted-average grant-date fair value of options granted during 2022	$16.25

The following table summarizes information about stock options outstanding as of December 31, 2022:


			Options Outstanding			Options Exercisable
Range of Exercise Price			As of December 31, 2022	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	Number Exercisable as of December 31, 2022	Weighted Average Exercise Price

$51	-	$64.99	10,400	0.56	$63.91	10,400	$63.91
$65	-	$78.99	814,374	4.24	$73.84	814,374	$73.84
$79	-	$91.99	568,098	5.17	$89.35	568,098	$89.35
$92	-	$131.72	1,383,483	8.04	$112.61	470,536	$120.44
$51	-	$131.72	2,776,355	6.31	$96.30	1,863,408	$90.28

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


	2022	2021	2020
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$23.2	$24.7	$23.1
Tax benefit recognized in Entergy’s consolidated net income	$5.9	$6.3	$5.9
Compensation cost capitalized as part of fixed assets and materials and supplies	$9.2	$9.3	$8.5

The following table includes information about the restricted stock awards outstanding as of December 31, 2022:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2022	685,355	$104.91
Granted	352,062	$109.45
Vested	(330,242)	$104.15
Forfeited	(99,452)	$107.41
Outstanding shares at December 31, 2022	607,723	$107.55

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


	2022	2021	2020
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$16.0	$14.5	$12.6
Tax benefit recognized in Entergy’s consolidated net income	$4.1	$3.7	$3.2
Compensation cost capitalized as part of fixed assets and materials and supplies	$6.7	$5.8	$4.9

The following table includes information about the long-term performance units outstanding at the target level as of December 31, 2022:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2022	521,836	$119.23
Granted	281,569	$124.76
Vested	(224,334)	$99.49
Forfeited	(57,233)	$126.23
Outstanding shares at December 31, 2022	521,838	$129.94

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


	2022	2021	2020
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$2.0	$1.9	$2.0
Tax benefit recognized in Entergy’s consolidated net income	$0.5	$0.5	$0.5
Compensation cost capitalized as part of fixed assets and materials and supplies	$0.8	$0.7	$0.9

The following table includes information about the restricted stock unit awards outstanding as of December 31, 2022:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2022	88,648	$99.18
Granted	72,653	$108.49
Vested	(28,227)	$92.39
Forfeited	(667)	$96.72
Outstanding shares at December 31, 2022	132,407	$105.75