Senior Management at Entergy: Selling their Stocks.

There was a recent report about the senior executives of Entergy, who own the nuclear reactor at Vermont Yankee.

Over the last few months, there has been a bit of a selling spree of Entergy stock. But this sell-off isn’t coming from just anybody: these sales are by some of the corporation’s top executives. Between December and early April, five Entergy execs sold off large portions of stock they hold in their employer. On December 3, 2013, Entergy CEO Leo Denault sold more than half of his Entergy stock (55.7%, or 33,949 shares valued at $2,103,480). On February 20,the Chief Financial Officer, Andrew Marsh, sold 20.7% of his stock (2,808 shares valued at $181,902). On February 27, Senior Vice President for Federal Government, Regulatory, and Policy Affairs Kimberly Despeaux sold 20.8% of her stock (3,024 shares valued at $193,113). And most recently, on April 9, Chief Accounting Officer Alyson Mount sold 45.9% of her stock (4,929 shares valued at $347,495). Also, on December 16 and October 16, Senior VP of Human Resources and Chief Diversity Officer Donald Vinci twice sold more than 16% of his Entergy holdings.

I believe that people sell stocks when they believe that the value will go down.  Perhaps they are in a position to see the future of nuclear energy.

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3 thoughts on “Senior Management at Entergy: Selling their Stocks.

    1. andrewblarkin Post author

      I cannot imagine. I suppose some might say that it is the beauty of the market: one person’s trash is another person’s treasure, or, perhaps, as others have said, there is a sucker born every minute.

      Reply
  1. Pingback: Beware of Deals with Entergy and Vermont Yankee | Vernon Radiation Safety

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