James Y. Kerr II - Feb 13, 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 13, 2023
Transactions value $
-$1,207,065
Form type
4
Date filed
2/15/2023, 03:45 PM
Previous filing
Feb 14, 2023
Next filing
Feb 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SO Southern Company Common Stock Award $0 +37K +26.4% $0.00 177K Feb 13, 2023 Direct F1
transaction SO Southern Company Common Stock Tax liability -$1.12M -16.7K -9.42% $67.13 161K Feb 13, 2023 Direct F2
transaction SO Southern Company Common Stock Options Exercise $0 +2.85K +1.78% $0.00 163K Feb 13, 2023 Direct F3
transaction SO Southern Company Common Stock Tax liability -$86.4K -1.29K -0.79% $67.13 162K Feb 13, 2023 Direct F2
holding SO Southern Company Common Stock 28.9K Feb 13, 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 -2.75K -33.34% $0.00 5.5K Feb 13, 2023 Southern Company Common Stock 2.75K $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 performance share units under Company's Performance Share Program for the 2020-2022 award. The Compensation and Management Succession Committee certified performance on February 13, 2023. Includes accrued dividend equivalent units.
F2 Shares withheld to satisfy required state and federal tax withholding requirements.
F3 Shares acquired upon vesting of first 1/3 of performance restricted stock units granted on February 13, 2021. The Compensation Committee and Management Succession Committee certified performance on February 13, 2023. Includes 104 accrued dividend equivalent units.
F4 Represents first 1/3 of performance restricted stock units granted on February 13, 2022. The remaining award will vest 1/3 in 2024 and 1/3 in 2025. 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.