James Y. Kerr II - Feb 3, 2023 Form 4 Insider Report for SOUTHERN CO (SO)

Role
EVP, Chief Legal Officer & CCO
Signature
/s/ Marcia R. DeMar, Attorney-in-Fact for James Y. Kerr II
Stock symbol
SO
Transactions as of
Feb 3, 2023
Transactions value $
-$101,981
Form type
4
Date filed
2/7/2023, 03:48 PM
Previous filing
Aug 1, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SO Southern Company Common Stock Options Exercise $0 +3.2K +2.33% $0.00 140K Feb 3, 2023 Direct F1
transaction SO Southern Company Common Stock Tax liability -$102K -1.52K -1.08% $67.27 139K Feb 3, 2023 Direct F2
holding SO Southern Company Common Stock 28.7K Feb 3, 2023 401K

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 -2.96K -50% $0.00 2.96K Feb 3, 2023 Southern Company Common Stock 2.96K $0.00 Direct F3
* 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 second 1/3 of performance restricted stock units granted on February 3, 2021. Includes 240 accrued dividend equivalent units.
F2 Shares withheld to satisfy required state and federal tax withholding requirements.
F3 Represents second 1/3 of performance restricted stock units granted on February 3, 2021. The remaining 1/3 of the award will vest 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.