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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

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


	2021	2020	2019
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$4.2	$3.9	$3.8
Tax benefit recognized in Entergy’s consolidated net income	$1.1	$1.0	$1.0
Compensation cost capitalized as part of fixed assets and inventory	$1.5	$1.5	$1.4

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, 2021 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, 2021	2,399,379	$89.63
Options granted	508,704	$95.87
Options exercised	(72,138)	$80.54
Options forfeited/expired	(16,301)	$117.89
Options outstanding as of December 31, 2021	2,819,644	$90.82	$71,110,949	6.34 years
Options exercisable as of December 31, 2021	1,788,702	$81.91	$58,164,228	5.16 years
Weighted-average grant-date fair value of options granted during 2021	$12.27

The following table summarizes information about stock options outstanding as of December 31, 2021:


			Options Outstanding			Options Exercisable
Range of Exercise Price			As of December 31, 2021	Weighted-Average Remaining Contractual Life-Yrs.	Weighted Average Exercise Price	Number Exercisable as of December 31, 2021	Weighted Average Exercise Price

$51	-	$64.99	240,200	1.72	$63.69	240,200	$63.69
$65	-	$78.99	915,839	5.19	$73.80	915,839	$73.80
$79	-	$91.99	653,585	6.21	$89.35	465,577	$89.41
$92	-	$131.72	1,010,020	8.58	$113.66	167,086	$131.72
$51	-	$131.72	2,819,644	6.34	$90.82	1,788,702	$81.91

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


	2021	2020	2019
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$24.7	$23.1	$20.2
Tax benefit recognized in Entergy’s consolidated net income	$6.3	$5.9	$5.1
Compensation cost capitalized as part of fixed assets and inventory	$9.3	$8.5	$7.1

The following table includes information about the restricted stock awards outstanding as of December 31, 2021:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2021	648,498	$107.89
Granted	419,095	$96.45
Vested	(323,698)	$99.28
Forfeited	(58,540)	$108.57
Outstanding shares at December 31, 2021	685,355	$104.91

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


	2021	2020	2019
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$14.5	$12.6	$11.1
Tax benefit recognized in Entergy’s consolidated net income	$3.7	$3.2	$2.8
Compensation cost capitalized as part of fixed assets and inventory	$5.8	$4.9	$4.0

The following table includes information about the long-term performance units outstanding at the target level as of December 31, 2021:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2021	475,765	$110.82
Granted	303,092	$104.02
Vested	(235,983)	$82.42
Forfeited	(21,038)	$122.87
Outstanding shares at December 31, 2021	521,836	$119.23

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


	2021	2020	2019
	(In Millions)
Compensation expense included in Entergy’s consolidated net income	$1.9	$2.0	$2.2
Tax benefit recognized in Entergy’s consolidated net income	$0.5	$0.5	$0.6
Compensation cost capitalized as part of fixed assets and inventory	$0.7	$0.9	$0.9

The following table includes information about the restricted stock unit awards outstanding as of December 31, 2021:


	Shares	Weighted-Average Grant Date Fair Value Per Share
Outstanding shares at January 1, 2021	86,175	$92.92
Granted	39,478	$105.06
Vested	(37,005)	$90.89

Outstanding shares at December 31, 2021	88,648	$99.18