Connally Stan W 4

What Happened

• Stan W. Connally, Executive Vice President & COO of Southern Co (SO), had multiple tranches of performance/restricted stock units vest on Jan 31 and Feb 1, 2026. He was recorded as acquiring 2,634 shares (1/31/2026) and 2,639 shares (2/1/2026) at $0 per share (vested RSUs), and the filing shows additional derivative-unit entries tied to the vesting/settlement process.
• To satisfy required tax withholding, a total of 2,336 shares were withheld (1,107 shares on 1/31 and 1,229 shares on 2/1) at an indicated per-share value of $89.31, generating proceeds of $98,866 and $109,762 respectively (total withheld value ≈ $208,628). These withholdings are routine and reflect tax payment on the vested awards.

Key Details

• Transaction dates and codes: 2026-01-31 and 2026-02-01. Codes: M = exercise/conversion of derivative (vesting/settlement of RSUs); F = shares withheld for tax withholding.
• Shares reported acquired (per filing): 2,634 (1/31) + 2,639 (2/1) = 5,273 shares acquired through vesting entries; 2,336 shares withheld for taxes (disposed) for a total withheld value ≈ $208,628.
• Footnotes: Vesting relates to (a) the second 1/3 of performance RSUs granted Jan 31, 2024 (includes 176 accrued dividend equivalents) and (b) the final 1/3 of performance RSUs granted Feb 1, 2023 (includes 275 accrued dividend equivalents). Footnotes note that RSUs convert to one share each at settlement and that shares will be withheld to satisfy tax requirements.
• Filing timeliness: No late-filing flag was provided in the data supplied.

Context

• These transactions are vesting/settlement events for performance restricted stock units (not open-market purchases or discretionary sales). The withholding of shares to cover taxes is a standard, administrative step (similar to a cashless sell of a portion of vested shares to pay tax obligations) and does not necessarily signal a change in the insider’s view of the company.
• For retail investors: vesting and withholding events are common compensation mechanics for executives. Purchases would be a stronger indicator of insider buying interest; these entries primarily document award settlement and routine tax withholding.