Peoples James Jeffrey 4

What Happened

• James Peoples, Chairman, President & CEO of Southern Co (SO), had performance-based restricted stock units (RSUs) vest at the end of January/early February 2026. A total of 6,611 shares converted from RSUs into common stock (3,380 on 2026-01-31 and 3,231 on 2026-02-01). To satisfy required tax withholding, the company withheld 1,420 shares on 1/31 and 1,493 shares on 2/1 at $89.31 per share, totaling $260,160. After withholding, Peoples received a net 3,698 shares.

Key Details

• Transaction dates: 2026-01-31 and 2026-02-01; filing date: 2026-02-03 (filing appears timely).
• Gross shares vesting: 6,611 (3,380 + 3,231). Shares withheld for taxes: 2,913 (1,420 + 1,493) at $89.31/share. Total withholding value: $260,160.
• Net shares delivered to insider: 3,698.
• Footnotes: Vesting represents (a) the second 1/3 of performance RSUs granted 1/31/2024 (includes 226 dividend-equivalent units) and (b) the final 1/3 of performance RSUs granted 2/1/2023 (includes 336 dividend-equivalent units). Withholdings were used to satisfy federal/state tax obligations.
• Transaction codes: M = conversion of derivative security (RSU settlement); F = shares withheld for tax payment.
• The filing does not list the insider’s total shares owned following these transactions in the provided summary.

Context

• These transactions are compensation-related vesting events (not open-market purchases or discretionary sales). The company used a net-share (share-withholding) method to satisfy tax withholding—common for RSU settlements—so some shares were surrendered to cover taxes rather than sold on the open market.
• Such routine vestings reflect executive compensation realization, not necessarily a buy/sell signal about the stock’s outlook.