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Equity award vests for Southern (NYSE: SO) EVP & CHRO Sloane Drake

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Southern Company executive Sloane N. Drake reported routine equity award activity. On January 31, 2026, 1,579 shares of Southern Company common stock were acquired at $0 upon vesting of performance restricted stock units, including 106 dividend-equivalent units. To cover state and federal taxes, 773 shares were withheld at $89.31 per share. Drake now directly owns 25,263 common shares and has 2,534.841 shares held indirectly in a 401(k). Performance restricted stock units tied to a January 31, 2024 grant continue, with the remaining portion scheduled to vest in 2027.

Positive

  • None.

Negative

  • None.

Insights

Routine vesting and tax withholding; no change to thesis.

Sloane N. Drake, EVP & CHRO of Southern Company, reported vesting of performance restricted stock units on January 31, 2026. This generated 1,579 common shares at $0 as the award settled in stock rather than cash.

To satisfy tax obligations, 773 shares were withheld at $89.31 per share, a standard mechanism for equity awards. After these transactions, Drake held 25,263 shares directly and 2,534.841 shares indirectly in a 401(k), plus ongoing performance restricted stock units scheduled to complete vesting in 2027.

These activities appear to reflect normal long-term incentive compensation rather than discretionary open-market buying or selling. As such, they are typically viewed as administrative and do not materially alter an investment view on Southern Company based solely on this information.

Insider Drake Sloane N
Role EVP & CHRO
Type Security Shares Price Value
Exercise Performance Restricted Stock Units 1,473 $0.00 --
Exercise Southern Company Common Stock 1,579 $0.00 --
Tax Withholding Southern Company Common Stock 773 $89.31 $69K
holding Southern Company Common Stock -- -- --
Holdings After Transaction: Performance Restricted Stock Units — 1,473 shares (Direct); Southern Company Common Stock — 26,036 shares (Direct); Southern Company Common Stock — 2,534.841 shares (Indirect, 401(k))
Footnotes (1)
  1. Shares acquired upon vesting of second 1/3 of performance restricted stock units granted on January 31, 2024. Includes 106 accrued dividend equivalent units. Shares withheld to satisfy required state and federal tax withholding 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.
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*
Drake Sloane N
(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 & CHRO
3. Date of Earliest Transaction (Month/Day/Year)
01/31/2026
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 01/31/2026 M 1,579(1) A $0 26,036 D
Southern Company Common Stock 01/31/2026 F 773(2) D $89.31 25,263 D
Southern Company Common Stock 2,534.841 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 01/31/2026 M 1,473(3) (3) (3) Southern Company Common Stock 1,473 $0 1,473 D
Explanation of Responses:
1. Shares acquired upon vesting of second 1/3 of performance restricted stock units granted on January 31, 2024. Includes 106 accrued dividend equivalent units.
2. Shares withheld to satisfy required state and federal tax withholding requirements.
3. 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.
/s/ Brittney Anderson, Attorney-in-Fact for Sloane N. Drake 02/03/2026
** 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 transaction did Southern Company (SO) EVP Sloane Drake report?

Sloane N. Drake, EVP & CHRO of Southern Company, reported routine equity award activity. Performance restricted stock units vested into 1,579 common shares, with part of the shares withheld to cover taxes and the remainder added to Drake’s direct ownership stake in Southern Company.

How many Southern Company (SO) shares did Sloane Drake acquire and retain?

Drake acquired 1,579 Southern Company common shares upon vesting of performance restricted stock units. After 773 shares were withheld to satisfy state and federal tax requirements, Drake’s direct holdings increased to 25,263 shares, in addition to shares already held indirectly through a 401(k) plan.

What price was used for tax withholding on Sloane Drake’s Southern (SO) shares?

For tax withholding, 773 Southern Company shares were withheld at a price of $89.31 per share. This price was applied solely to satisfy required state and federal tax obligations associated with the vesting of performance restricted stock units, rather than representing an open-market sale.

What performance restricted stock units does Sloane Drake hold in Southern Company (SO)?

Drake’s Form 4 shows performance restricted stock units with an exercise price of $0, linked to Southern Company common stock. The filing notes these units stem from a January 31, 2024 grant, with the second third addressed now and the remaining portion scheduled to vest in 2027.

How many Southern Company (SO) shares does Sloane Drake own indirectly?

In addition to directly held shares, Drake has 2,534.841 Southern Company shares reported as indirectly owned through a 401(k) plan. This indirect position represents retirement-plan holdings rather than separately traded shares, complementing Drake’s direct ownership reported in the same Form 4 filing.

Does this Southern Company (SO) Form 4 indicate an open-market stock sale by Sloane Drake?

The Form 4 reflects equity award vesting and tax withholding, not a discretionary open-market sale. Shares were acquired at $0 upon vesting of performance restricted stock units, and 773 shares were withheld at $89.31 solely to meet tax obligations, a standard administrative process for such awards.