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Southern (NYSE: SO) EVP Connally gains shares through awards and tax withholding

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southern Company executive vice president and COO Stan W. Connally, Jr. reported multiple equity compensation events tied to performance awards. He acquired 41,031 shares of Southern Company common stock at $0 upon vesting of performance share units for the 2023–2025 award cycle, and 2,369 additional shares at $0 from the first third of a performance restricted stock unit grant originally awarded on February 5, 2025.

To cover state and federal tax withholding on these vestings, 18,199 shares and 1,163 shares were withheld at a price of $90.86 per share. After these transactions, Connally directly holds 173,981 shares of common stock and 4,581 performance restricted stock units, with a further 15,539.454 shares held indirectly through a 401(k) plan. The remaining restricted stock units are scheduled to vest in two equal parts in 2027 and 2028, with additional units credited via deemed dividends.

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Insider Connally Stan W
Role EVP & COO
Type Security Shares Price Value
Exercise Performance Restricted Stock Units 2,291 $0.00 --
Grant/Award Southern Company Common Stock 41,031 $0.00 --
Tax Withholding Southern Company Common Stock 18,199 $90.86 $1.65M
Exercise Southern Company Common Stock 2,369 $0.00 --
Tax Withholding Southern Company Common Stock 1,163 $90.86 $106K
holding Southern Company Common Stock -- -- --
Holdings After Transaction: Performance Restricted Stock Units — 4,581 shares (Direct); Southern Company Common Stock — 190,974 shares (Direct); Southern Company Common Stock — 15,539.454 shares (Indirect, 401(k))
Footnotes (1)
  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 February 5, 2025. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes 78 accrued dividend equivalent units. Represents first 1/3 of performance restricted stock units granted on February 5, 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Connally Stan W
(Last) (First) (Middle)
30 IVAN ALLEN JR BLVD NW
(Street)
ATLANTA GA 30308
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHERN CO [ SO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP & COO
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Southern Company Common Stock 02/11/2026 A 41,031(1) A $0 190,974 D
Southern Company Common Stock 02/11/2026 F 18,199(2) D $90.86 172,775 D
Southern Company Common Stock 02/11/2026 M 2,369(3) A $0 175,144 D
Southern Company Common Stock 02/11/2026 F 1,163(2) D $90.86 173,981 D
Southern Company Common Stock 15,539.454 I 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Restricted Stock Units $0 02/11/2026 M 2,291(4) (4) (4) Southern Company Common Stock 2,291 $0 4,581 D
Explanation of Responses:
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.
2. Shares withheld to satisfy required state and federal tax withholding requirements.
3. Shares acquired upon vesting of first 1/3 of performance restricted stock units granted on February 5, 2025. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes 78 accrued dividend equivalent units.
4. Represents first 1/3 of performance restricted stock units granted on February 5, 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.
/s/ Brittney Anderson, Attorney-in-Fact for Stanley W. Connally, Jr. 02/13/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Southern (SO) EVP & COO Stan Connally report?

Stan Connally reported equity awards vesting and related tax withholding. He acquired 41,031 shares from a 2023–2025 performance share award and 2,369 shares from a 2025 performance restricted stock grant, with part of the shares withheld to satisfy tax obligations.

How many Southern (SO) shares does Stan Connally own after these Form 4 transactions?

After the reported transactions, Stan Connally directly owns 173,981 Southern Company common shares and 4,581 performance restricted stock units. He also has an indirect holding of 15,539.454 shares through a 401(k) plan, reflecting both long-term ownership and retirement-related investment.

Were any of Stan Connally’s Southern (SO) transactions open-market buys or sales?

The reported transactions were equity award vestings, option-like conversions, and shares withheld for taxes, not open-market trades. Code A and M entries reflect awards and derivative conversions, while F-coded transactions represent shares withheld at $90.86 per share to cover tax liabilities.

What is the nature of the performance awards reported by Southern (SO) EVP Stan Connally?

The filing details performance share units for the 2023–2025 program and performance restricted stock units granted on February 5, 2025. Vesting followed Compensation and Talent Development Committee performance certification on February 11, 2026, with additional units earned via deemed dividend equivalents.

How will Stan Connally’s remaining Southern (SO) performance restricted stock units vest?

The filing states that only the first one-third of the February 5, 2025 performance restricted stock units vested. The remaining two-thirds are scheduled to vest in equal portions in 2027 and 2028, with shares withheld at future vesting dates to satisfy tax requirements.

What price was used for tax withholding on Stan Connally’s Southern (SO) share awards?

The company withheld 18,199 shares and 1,163 shares at a price of $90.86 per share to satisfy required state and federal tax withholding. These F-coded entries represent tax-related dispositions rather than discretionary stock sales in the market.