David P. Poroch - Jun 5, 2023 Form 4 Insider Report for SOUTHERN CO (SO)

Signature
/s/ Marcia R. DeMar, Attorney-in-Fact for David P. Poroch
Stock symbol
SO
Transactions as of
Jun 5, 2023
Transactions value $
-$700,500
Form type
4
Date filed
6/6/2023, 05:14 PM
Previous filing
Mar 15, 2023
Next filing
Nov 17, 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 +10K +34.85% $0.00 38.7K Jun 5, 2023 Direct
transaction SO Southern Company Common Stock Sale -$701K -10K -25.85% $70.05 28.7K Jun 5, 2023 Direct F1
holding SO Southern Company Common Stock 100 Jun 5, 2023 By Daughter
holding SO Southern Company Common Stock 4.36K Jun 5, 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 Option Right to Buy Options Exercise $0 -10K -33.22% $0.00 20.1K Jun 5, 2023 Southern Company Common Stock 10K $41.28 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $70.00 to $70.14, inclusive. The reporting person undertakes to provide to Southern Company, any security holder of Southern Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.