Form 4: Southern Company Executive Sterling A. Spainhour Jr. Reports Stock Transactions
SEC Form 4 Filing
EVP & CLO of Southern Company, Sterling A. Spainhour Jr., reports the vesting of restricted stock units and associated tax withholding.
Summary
- Sterling A. Spainhour Jr., an Executive Vice President & Chief Legal Officer at Southern Company, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 13, 2025, Mr. Spainhour vested 742 shares of Southern Company common stock from restricted stock units granted on February 13, 2022.
- Additionally, 332 shares were withheld to cover state and federal tax obligations at a price of $86.78 per share.
- Following these transactions, Mr. Spainhour directly owns 19,762 shares of Southern Company common stock and indirectly owns 6,192.4417 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, with no particularly positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| February 13, 2022 | Date of grant for the restricted stock units that vested on February 13, 2025. |
| February 13, 2025 | Date of the reported transactions: vesting of restricted stock units and tax withholding. |
| February 18, 2025 | Date of the Form 4 filing. |
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