Southern Co officer plans sale of 4,266 shares
SOUTHERN CO (SO) received a Form 144 notice indicating that officer Peter P. Sena III plans a proposed sale of up to 4,266 shares of Southern common stock through Merrill Lynch on September 3, 2026 on the NYSE.
Rhea-AI Filing Summary
SOUTHERN CO (SO) received a Form 144 notice indicating that officer Peter P. Sena III plans a proposed sale of up to 4,266 shares of Southern common stock through Merrill Lynch on September 3, 2026 on the NYSE. The shares relate to restricted stock units that vested on December 15, 2024 as compensatory payments.
Positive
- None.
Negative
- None.
Key Figures
Shares proposed for sale: 4,266 shares
Aggregate market value: $377,924.94
First RSU vesting tranche: 3,953 shares
+3 more
6 metrics
Shares proposed for sale
4,266 shares
Common stock covered by the Form 144 notice
Aggregate market value
$377,924.94
Reported value of the 4,266 common shares in the Form 144
First RSU vesting tranche
3,953 shares
Restricted stock unit vest on December 15, 2024, compensatory payment
Second RSU vesting tranche
313 shares
Restricted stock unit vest on December 15, 2024, compensatory payment
RSU vesting date
December 15, 2024
Date the restricted stock units related to these shares vested
Proposed sale date
September 3, 2026
Date of sale listed for the 4,266 shares
Key Terms
Rule 144, restricted stock unit, Compensatory Payment
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock unit financial
"Common | 12/15/2024 | RESTRICTED STOCK UNIT VEST | THE SOUTHERN COMPANY"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Compensatory Payment financial
"3953 | 12/15/2024 | Compensatory Payment"
FAQ
What does the Form 144 filing mean for SOUTHERN CO (SO)?
An officer, Peter P. Sena III, filed a Form 144 covering a proposed sale of 4,266 common shares of SOUTHERN CO under Rule 144. It is a notice of intent to sell restricted or control securities, not a confirmation that the sale has already occurred.
AI-generated analysis. How Rhea-AI works. Not financial advice.