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SOUTHERN CO·4

Feb 3, 6:00 PM ET

Kim Matthew M. 4

Research Summary

AI-generated summary

Updated

Southern Co (SO) Comptroller Matthew M. Kim Receives Shares

What Happened

  • Matthew M. Kim, Comptroller of Southern Co (SO), had restricted stock units and performance restricted stock units vest on January 31, 2026 and February 1, 2026. He acquired 340 shares (1/31) and 345 shares (2/1) from the vestings (price reported $0.00 because these were awards). To satisfy tax-withholding obligations, 170 shares (1/31) and 173 shares (2/1) were withheld and disposed for cash at $89.31 per share, resulting in withholding cash amounts of $15,183 and $15,451 (total ~$30,634). The filing also records related derivative settlement/conversion entries (317 and 308 units) tied to the awards.

Key Details

  • Transaction dates and prices:
    • 2026-01-31: 340 shares acquired (M) @ $0.00; 170 shares withheld (F) @ $89.31 = $15,183; 317 derivative units disposed (M) @ $0.00.
    • 2026-02-01: 345 shares acquired (M) @ $0.00; 173 shares withheld (F) @ $89.31 = $15,451; 308 derivative units disposed (M) @ $0.00.
  • Shares withheld to cover taxes: 170 + 173 = 343 shares (cash withheld ≈ $30,634).
  • Footnotes:
    • F1/F4: Second 1/3 of RSUs (granted Jan 31, 2024) vested; includes 23 accrued dividend-equivalent units; shares withheld for tax.
    • F3/F5: Final 1/3 of performance RSUs (granted Feb 1, 2023) vested; includes 37 accrued dividend-equivalent units; shares withheld for tax.
    • F2: Withheld shares used to satisfy required state and federal tax withholding.
  • Shares owned after the transactions: not specified in the filing.
  • Filing timeliness: Report filed 2026-02-03 for transactions on 2026-01-31 and 2026-02-01 — appears to be timely.

Context

  • These entries reflect vesting/settlement of restricted and performance stock units (award income), not an open-market purchase or a discretionary sale for investment purposes. The shares reported as "acquired" are award settlements (price $0.00); shares marked as disposed correspond to withholding to pay taxes or to the settlement/termination of derivative units.
  • Withholding to cover taxes is routine for equity compensation and does not necessarily indicate a view on the company's stock. The filing does not indicate any 10% owner transactions or a 10b5-1 plan.