Form 4: Southern Company Executive Cummiskey Reports Stock Transactions
SEC Form 4 Filing
Christopher Cummiskey, Chairman, President & CEO of Southern Company Services, reports acquisition and disposal of Southern Company common stock related to vesting of performance restricted stock units.
Summary
- On February 1, 2025, Christopher Cummiskey, Chairman, President & CEO of Southern Company Services, reported transactions involving Southern Company common stock.
- He acquired 1,659 shares upon the vesting of the second 1/3 of performance restricted stock units granted on February 1, 2023, at a price of $0.
- 822 shares were withheld to satisfy tax obligations at a price of $83.95.
- Following these transactions, Cummiskey directly owns 23,339.4417 shares and indirectly owns 5,662.8945 shares through a 401(k).
- He also owns 1,537 performance restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Future Outlook
The remaining 1/3 of the performance restricted stock units will vest in 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Next Steps
- The remaining performance restricted stock units are expected to vest in 2026.
Key Dates
| Date | Description |
|---|---|
| 2023-02-01 | Date of grant for performance restricted stock units, one third of which vested on 2025-02-01 |
| 2024-12-09 | Effective date of power of attorney. |
| 2025-02-01 | Date of stock acquisition and disposal due to vesting of performance restricted stock units and tax withholding. |
| 2026 | Remaining performance restricted stock units will vest. |
Keywords
Southern Company, Christopher Cummiskey, Form 4, Stock Transaction, Performance Restricted Stock Units, Beneficial Ownership, SO
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