W. Connally - Feb 13, 2022 Form 4 Insider Report for SOUTHERN CO (SO)

Role
Executive Vice President, SCS
Signature
/s/ Marcia R. DeMar, Attorney-in-Fact for Stan W. Connally
Stock symbol
SO
Transactions as of
Feb 13, 2022
Transactions value $
-$1,263,800
Form type
4
Date filed
2/15/2022, 04:52 PM
Previous filing
Feb 14, 2022
Next filing
Feb 28, 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 +2.91K +4.29% $0.00 70.6K Feb 13, 2022 Direct F1
transaction SO Southern Company Common Stock Tax liability -$86.1K -1.29K -1.83% $66.79 69.3K Feb 13, 2022 Direct F2
transaction SO Southern Company Common Stock Award $0 +39.8K +57.37% $0.00 109K Feb 13, 2022 Direct F3
transaction SO Southern Company Common Stock Tax liability -$1.18M -17.6K -16.17% $66.79 91.4K Feb 13, 2022 Direct F2
holding SO Southern Company Common Stock 12.9K Feb 13, 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 -2.79K -33.33% $0.00 5.58K Feb 13, 2022 Southern Company Common Stock 2.79K $0.00 Direct F4
* 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 first 1/3 of performance restricted stock units granted on February 3, 2021. The Compensation Committee and Management Succession Committee certified performance on February 13, 2022. Includes 117 accrued dividend equivalent units.
F2 Shares withheld to satisfy required state and federal tax withholding requirements.
F3 Shares acquired upon vesting of performance share units under Company's Performance Share Program for the 2019-2021 award. The Compensation and Management Succession Committee certified performance on February 13, 2022. Includes accrued dividend equivalent units.
F4 Represents first 1/3 of performance restricted stock units granted on February 3, 2021. The remaining award will vest 1/3 in 2023 and 1/3 in 2024. 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.