Form 4: Southern Company Executive Kimberly Greene Reports Stock Transactions Following Vesting of Performance-Based Units

Kimberly Greene, Chairman, President & CEO of Gas at Southern Company, reports acquisition and disposal of company stock related to vesting of performance-based restricted stock units and shares, along with shares withheld for tax obligations.

Summary

• On February 5, 2025, Kimberly S. Greene, Chairman, President & CEO, GPC of Southern Company, reported transactions involving Southern Company common stock.
• These transactions include the acquisition of 3,875 shares upon the vesting of performance restricted stock units granted on January 31, 2024.
• Additionally, 40,602 shares were acquired upon the vesting of performance share units under the Company's Performance Share Program for the 2022-2024 award.
• A total of 1,909 and 18,126 shares were withheld to satisfy state and federal tax withholding requirements at a price of $83.87 per share.
• Following these transactions, Greene beneficially owns 137,156 shares of Southern Company common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The vesting of performance-based units suggests that performance targets were met. The transactions themselves are routine and expected.

Positives

• The vesting of performance-based units suggests that performance targets were met, which is a positive indicator for the company.

Future Outlook

The remaining performance restricted stock units granted on January 31, 2024, will vest in two tranches: 1/3 in 2026 and 1/3 in 2027.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future performance.

Comparison to Industry Standards

• Executive compensation packages often include performance-based equity awards to align management's interests with those of shareholders.
• The vesting schedules and performance metrics associated with these awards vary across companies and industries.
• Comparing Southern Company's executive compensation practices with those of its peers, such as Duke Energy, Dominion Energy, and NextEra Energy, would provide a broader context for evaluating the appropriateness and effectiveness of these incentives.

Stakeholder Impact

• The vesting of performance-based equity awards aligns management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates

Keywords

Southern Company, Kimberly Greene, Form 4, Stock Transactions, Performance Restricted Stock Units, Performance Share Units, Vesting, Tax Withholding, Beneficial Ownership