Southern (NYSE: SO) CEO Womack reports stock vesting and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Company Chairman, President & CEO Christopher C. Womack reported multiple equity transactions tied to performance-based stock awards on January 31 and February 1, 2026. Performance restricted stock units granted in 2023 and 2024 partially vested, resulting in common shares being issued at a conversion price of $0 per share.
On January 31, he acquired 14,159 Southern Company common shares from vesting units, with 5,975 shares withheld at $89.31 per share for tax obligations. On February 1, he acquired 4,812 shares from another vesting tranche, with 2,166 shares withheld at the same price for taxes. Following these transactions, he directly held 102,642.8806 common shares and indirectly held 2,561.6333 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
17,528 shares exercised/converted
Mixed
7 txns
Insider
WOMACK CHRISTOPHER C
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units | 4,313 | $0.00 | -- |
| Exercise | Southern Company Common Stock | 4,812 | $0.00 | -- |
| Tax Withholding | Southern Company Common Stock | 2,166 | $89.31 | $193K |
| Exercise | Performance Restricted Stock Units | 13,215 | $0.00 | -- |
| Exercise | Southern Company Common Stock | 14,159 | $0.00 | -- |
| Tax Withholding | Southern Company Common Stock | 5,975 | $89.31 | $534K |
| holding | Southern Company Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Restricted Stock Units — 0 shares (Direct);
Southern Company Common Stock — 104,808.881 shares (Direct);
Southern Company Common Stock — 2,561.633 shares (Indirect, By 401(k))
Footnotes (1)
- Shares acquired upon vesting of second 1/3 of performance restricted stock units granted on January 31, 2024. Includes 944 accrued dividend equivalent units. Shares withheld to satisfy required state and federal tax withholding requirements. Shares acquired upon vesting of final 1/3 of performance restricted stock units granted on February 1, 2023. Includes 499 accrued dividend equivalent units. Represents final 1/3 of performance restricted stock units granted on February 1, 2023. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. Additional units will be acquired with deemed dividends. Shares will be withheld upon vesting to satisfy tax requirements. Represents second 1/3 of performance restricted stock units granted on January 31, 2024. The remaining award will vest in 2027. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. Additional units will be acquired with deemed dividends. Shares will be withheld upon vesting to satisfy tax requirements.
FAQ
What insider transactions did SO CEO Christopher C. Womack report?
Christopher C. Womack reported vesting of performance restricted stock units that converted into Southern Company common shares, plus related tax withholdings. The transactions occurred on January 31 and February 1, 2026, and involved both derivative units and underlying common stock.
What are performance restricted stock units in the SO Form 4 filing?
Performance restricted stock units are awards that convert into common stock if performance and time conditions are met. Each unit represents the right to receive one Southern Company share at settlement, with additional units credited as deemed dividends before vesting and settlement.
What do the dividend equivalent units mentioned in the SO filing represent?
Dividend equivalent units are additional performance restricted stock units credited when dividends are paid on common stock. The filing notes that vested tranches included accrued dividend equivalents, increasing the total number of units that ultimately converted into Southern Company common shares.