Form 4: Southern Company Executive Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
David P. Poroch, Comptroller of Southern Company, reports the acquisition and disposal of company stock related to the vesting of restricted stock units.
Summary
- On February 13, 2025, David P. Poroch, Comptroller of Southern Company, reported transactions involving Southern Company common stock.
- These transactions include the acquisition of 480 shares upon the vesting of restricted stock units granted on February 13, 2022, at a price of $0.
- Additionally, 144 shares were disposed of to satisfy tax withholding requirements at a price of $86.78 per share.
- Following these transactions, Poroch directly owns 39,902 shares of Southern Company common stock and indirectly owns 5,086.0756 shares through a 401(k) plan.
- The reported transactions also involve the vesting of 429 Southern Co Restricted Stock Units, each representing the right to receive one share of common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing reflecting routine stock transactions related to executive compensation. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| February 13, 2022 | Date of grant for the restricted stock units that vested. |
| February 13, 2025 | Date of the reported transactions (vesting of stock units and tax withholding). |
| February 18, 2025 | Date of the form filing. |
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