Form 4: Southern Company Executive James J. Peoples Reports Stock Transactions
SEC Form 4 Filing
James J. Peoples, Chairman, President & CEO, APC of Southern Company, reports stock transactions including acquisition and disposal of shares related to restricted stock units.
Summary
- On February 1, 2025, James J. Peoples acquired 3,125 shares of Southern Company common stock upon the vesting of performance restricted stock units.
- Also on February 1, 2025, 1,456 shares were withheld to satisfy tax obligations at a price of $83.95.
- Following these transactions, Peoples directly owns 20,381 shares and indirectly owns 8,469.7113 shares through a 401(k).
- The reported transactions relate to the vesting of the second 1/3 of performance restricted stock units granted on February 1, 2023, with the remaining award vesting in 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to executive stock transactions, indicating a neutral sentiment.
Future Outlook
The remaining portion of the performance restricted stock units granted on February 1, 2023, will vest in 2026.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects. Form 4 filings are a standard part of regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| 2023-02-01 | Date of grant for performance restricted stock units, vesting in thirds. |
| 2024-12-09 | Effective date of Power of Attorney. |
| 2025-02-01 | Date of stock acquisition and disposal due to vesting of restricted stock units and tax withholding. |
| 2025-02-04 | Date of signature for the Form 4 filing. |
| 2026 | Remaining performance restricted stock units will vest. |
Keywords
Form 4, Southern Company, Stock Transaction, Beneficial Ownership, James J. Peoples, Restricted Stock Units, Vesting
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