David P. Poroch - 16 Nov 2023 Form 4 Insider Report for SOUTHERN CO (SO)

Signature
/s/ Marcia R. DeMar, Attorney-in-Fact, David P. Poroch
Issuer symbol
SO
Transactions as of
16 Nov 2023
Net transactions value
-$281,100
Form type
4
Filing time
17 Nov 2023, 17:04:05 UTC
Previous filing
06 Jun 2023
Next filing
18 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SO Southern Company Common Stock Options Exercise $412,800 +10,000 +35% $41.28 38,691 16 Nov 2023 Direct
transaction SO Southern Company Common Stock Sale $693,900 -10,000 -26% $69.39 28,691 16 Nov 2023 Direct
holding SO Southern Company Common Stock 100 16 Nov 2023 By Daughter
holding SO Southern Company Common Stock 4,584 16 Nov 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 -10,000 -50% $0.000000 10,099 16 Nov 2023 Southern Company Common Stock 10,000 $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).