Form 4: Southern Company Executive Daniel S. Tucker Reports Stock Transactions
SEC Form 4 Filing
EVP & CFO of Southern Company, Daniel S. Tucker, reports the vesting of performance restricted stock units and subsequent tax withholding.
Summary
- Daniel S. Tucker, EVP & CFO of Southern Company, filed a Form 4 detailing changes in beneficial ownership.
- On February 13, 2025, 2,764 shares of Southern Company common stock were acquired upon the vesting of the final 1/3 of performance restricted stock units granted on February 13, 2022, including 297 accrued dividend equivalent units.
- Also on February 13, 2025, 1,235 shares were withheld to satisfy tax obligations at a price of $86.78 per share.
- Following these transactions, Tucker directly owns 73,727 shares and indirectly owns 3,489.474 shares through a 401(k).
- 2,467 Performance Restricted Stock Units were converted to common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The vesting of stock options and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/13/2022 | Date of grant for the performance restricted stock units, one third of which vested on 02/13/2025 |
| 02/13/2025 | Date of transaction: vesting of performance restricted stock units and tax withholding. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
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