Anderson Bryan D 4

What Happened
Bryan D. Anderson, Executive Vice President of Southern Company (SO), had performance-restricted stock units (PRSUs) vest and convert into shares on Jan 31 and Feb 1, 2026. He was credited with 2,052 shares on 2026-01-31 and 2,037 shares on 2026-02-01 (4,089 total) at $0 acquisition price (conversion of PRSUs). To satisfy tax withholding, 981 shares were withheld on 1/31 ($87,613) and 1,085 shares were withheld on 2/1 ($96,901), for a total tax-withheld value of $184,514. Net shares delivered to Anderson after withholding were 2,023. The vesting included accrued dividend equivalent units (see footnotes).

Key Details

• Transaction dates: 2026-01-31 and 2026-02-01; Form 4 filed 2026-02-03. No late filing flag shown in the filing excerpt.
• Conversion (SEC code M): 2,052 shares (1/31) and 2,037 shares (2/1) acquired at $0 (conversion of PRSUs).
• Tax withholding (SEC code F): 981 shares withheld on 1/31 ($87,613) and 1,085 shares withheld on 2/1 ($96,901); per-share price used = $89.31. Total withheld value ≈ $184,514.
• Net shares received after withholding: 2,023.
• Footnotes:
  • These shares come from the second 1/3 of PRSUs granted 1/31/2024 (includes 137 dividend-equivalent units) and the final 1/3 of PRSUs granted 2/1/2023 (includes 212 dividend-equivalent units).
  • The 1/31/2024 award’s remaining tranche will vest in 2027. Shares were withheld upon vesting to satisfy tax requirements (net settlement).
• Shares owned after the transaction are not specified in the provided excerpt.

Context
These transactions are vesting/settlement events (conversion of PRSUs to common stock) with shares withheld to cover taxes — a routine compensation event (not an open-market sale or purchase). For retail investors, such awards reflect executive compensation being settled, not a direct buy signal; the net delivery of ~2,023 shares is the meaningful change to the insider’s holdings.