Form 4: Southern Company Executive Daniel Tucker Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President & CFO of Southern Company, Daniel S. Tucker, reports the vesting of performance restricted stock units and related tax withholding.
Summary
- Daniel S. Tucker, Executive Vice President & CFO of Southern Company, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 1, 2025, 2,840 shares were acquired upon the vesting of performance restricted stock units granted on February 1, 2023.
- 1,337 shares were withheld to cover state and federal tax obligations at a price of $83.95 per share.
- Following these transactions, Tucker directly owns 47,656 shares and indirectly owns 3,489.474 shares through a 401(k) and 811.6149 shares through his wife's 401(k).
- He also holds 2,632 performance restricted stock units.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing routine stock transactions related to executive compensation.
Positives
- The vesting of restricted stock units indicates a positive performance evaluation for the executive.
Future Outlook
The remaining performance restricted stock units will vest in 2026.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common across publicly traded companies, particularly in the utility sector.
- Comparing the vesting schedule and amounts to peers like Duke Energy (DUK) or NextEra Energy (NEE) would provide a benchmark for Southern Company's executive compensation practices.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Next Steps
- The remaining performance restricted stock units are scheduled to vest in 2026.
Key Dates
| Date | Description |
|---|---|
| 01/30/2025 | Effective date of Power of Attorney. |
| 02/01/2023 | Date performance restricted stock units were granted. |
| 02/01/2025 | Date of stock vesting and tax withholding. |
| 02/04/2025 | Date of Form 4 signature. |
Keywords
Form 4, Southern Company, Daniel Tucker, Stock Options, Beneficial Ownership, Executive Compensation, SO
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