Form 4: Southern Company Executive Sterling A. Spainhour Jr. Reports Stock Transactions
SEC Form 4 Filing
Sterling A. Spainhour Jr., EVP, Chief Legal Officer & CCO of Southern Company, reports the vesting of performance restricted stock units and subsequent tax withholding.
Summary
- On February 1, 2025, Sterling A. Spainhour Jr., an executive officer of Southern Company, reported transactions involving Southern Company common stock.
- These transactions included the vesting of 2,293 performance restricted stock units, with shares acquired at a price of $0.
- Additionally, 1,099 shares were withheld to satisfy tax obligations at a price of $83.95.
- Following these transactions, Spainhour directly owns 12,901 shares and indirectly owns 6,192.4417 shares through a 401(k) plan.
- The report also details that the remaining performance restricted stock units granted on February 1, 2023, will vest in 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The remaining performance restricted stock units granted on February 1, 2023, are scheduled to vest in 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2023-02-01 | Date of grant for the performance restricted stock units, which vest in three tranches. |
| 2024-12-09 | Effective date of the power of attorney granted to Laura 0. Hewett, Lindsay T. McClelland, Brittney Anderson and J. Patrick Becker. |
| 2025-02-01 | Date of the reported transactions, including vesting of performance restricted stock units and tax withholding. |
| 2026 | Expected vesting date for the remaining performance restricted stock units. |
Keywords
Southern Company, Sterling A. Spainhour Jr., Form 4, Stock Transaction, Performance Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership, Executive Officer
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