Form 4: Cherry Pedro P. reports multiple insider transactions in SO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cherry Pedro P. reported multiple insider transaction types in a Form 4 filing for SO. The filing lists transactions totaling 14,933 shares at a weighted average price of $90.86 per share. Following the reported transactions, holdings were 788 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
395 shares exercised/converted
Mixed
5 txns
Insider
Cherry Pedro P.
Role
Chairman, President & CEO, MPC
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Stock Units | 395 | $0.00 | -- |
| Grant/Award | Southern Company Common Stock | 9,699 | $0.00 | -- |
| Tax Withholding | Southern Company Common Stock | 4,237 | $90.86 | $385K |
| Exercise | Southern Company Common Stock | 406 | $0.00 | -- |
| Tax Withholding | Southern Company Common Stock | 196 | $90.86 | $18K |
Holdings After Transaction:
Performance Restricted Stock Units — 788 shares (Direct);
Southern Company Common Stock — 10,847 shares (Direct)
Footnotes (1)
- Shares acquired upon vesting of performance share units under Company's Performance Share Program for the 2023-2025 award. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes accrued dividend equivalent units. Shares withheld to satisfy required state and federal tax withholding requirements. Shares acquired upon vesting of first 1/3 of performance restricted stock units granted on April 16, 2025. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes 11 accrued dividend equivalent units. Represents first 1/3 of performance restricted stock units granted on April 16, 2025. The remaining award will vest 1/3 in 2027 and 1/3 in 2028. 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 did Pedro P. Cherry report on this Form 4 for Southern Company (SO)?
Pedro P. Cherry reported vesting of performance-based equity awards and related tax withholding in Southern Company common stock. He received vested shares from performance share units and performance restricted stock units, with a portion of shares withheld to satisfy state and federal tax obligations.
What are Pedro P. Cherry’s holdings after these Southern Company (SO) transactions?
Following the reported transactions, Pedro P. Cherry directly owned 6,820 shares of Southern Company common stock and 788 performance restricted stock units. These figures reflect the net amount after vesting-related share acquisitions and share withholding to cover his associated tax liabilities.
What is the vesting schedule for Pedro P. Cherry’s performance restricted stock units at Southern Company (SO)?
The reported 395 performance restricted stock units represent the first third of an award granted April 16, 2025. The remaining units are scheduled to vest in two equal installments, one-third in 2027 and one-third in 2028, with shares withheld at vesting to satisfy taxes.
Were Pedro P. Cherry’s Form 4 transactions in Southern Company (SO) open-market sales?
The filing shows dispositions labeled with transaction code F at $90.86 per share, described as shares withheld to satisfy tax obligations. These represent tax-withholding dispositions tied to equity vesting, rather than discretionary open-market sales of Southern Company common stock.