Thomas A. Fanning - Feb 11, 2022 Form 4 Insider Report for SOUTHERN CO (SO)

Role
President, CEO & Chairman
Signature
/s/ Marcia R. DeMar, Attorney-in-Fact for Thomas A. Fanning
Stock symbol
SO
Transactions as of
Feb 11, 2022
Transactions value $
-$1,034,911
Form type
4
Date filed
2/14/2022, 06:19 PM
Previous filing
Dec 17, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SO Southern Company Common Stock Options Exercise $0 +18.8K +2.88% $0.00 672K Feb 11, 2022 Direct F1
transaction SO Southern Company Common Stock Tax liability -$570K -8.53K -1.27% $66.79 664K Feb 11, 2022 Direct F2
transaction SO Southern Company Common Stock Options Exercise $0 +15.3K +2.31% $0.00 679K Feb 11, 2022 Direct F3
transaction SO Southern Company Common Stock Tax liability -$465K -6.96K -1.03% $66.79 672K Feb 11, 2022 Direct F2
holding SO Southern Company Common Stock 155K Feb 11, 2022 By Grantor Retained Annuity Trust
holding SO Southern Company Common Stock 15K Feb 11, 2022 By 401(K)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SO Performance Restricted Stock Units Options Exercise $0 -16.6K -100% $0.00* 0 Feb 11, 2022 Southern Company Common Stock 16.6K $0.00 Direct F4
transaction SO Performance Restricted Stock Units Options Exercise $0 -14.1K -50% $0.00 14.1K Feb 11, 2022 Southern Company Common Stock 14.1K $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired upon vesting of final 1/3 of performance restricted stock units granted on February 11, 2019. Includes 2,234 accrued dividend equivalent units.
F2 Shares withheld to satisfy required state and federal tax withholding requirements.
F3 Shares acquired upon vesting of second 1/3 of performance restricted stock units granted on February 11, 2020. Includes 1,224 accrued dividend equivalent units.
F4 Represents final 1/3 of performance restricted stock units granted on February 11, 2019. 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.
F5 Represents second 1/3 of performance restricted stock units granted on February 11, 2020. The remaining 1/3 of the award will vest in 2023. Each performance 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.