Form 4: Southern Company EVP Stan W. Connally, Jr. Reports Stock Transactions

EVP & COO of Southern Company, Stan W. Connally, Jr., reports the vesting of performance restricted stock units and subsequent tax withholding.

Summary

• On February 13, 2025, Stan W. Connally, Jr., EVP & COO of Southern Company, reported transactions involving Southern Company common stock.
• 2,421 shares were acquired upon the vesting of the final 1/3 of performance restricted stock units granted on February 13, 2022, including 260 accrued dividend equivalent units.
• 1,075 shares were withheld to satisfy required state and federal tax withholding requirements at a price of $86.78 per share.
• Following these transactions, Connally directly owns 161,919 shares of Southern Company common stock and indirectly owns 14,889.2475 shares through a 401(k).
• 2,161 Performance Restricted Stock Units were converted.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted stock units and tax withholding.

Key Dates