Drake Sloane N 4

What Happened

• Drake Sloane, EVP & CHRO of Southern Co (SO), had the final half of a 2023 restricted stock unit (RSU) award convert to stock on Feb 6, 2026. The filing shows 3,698 shares acquired at $0.00 (this includes 3,314 RSUs plus 384 accrued dividend equivalents). To satisfy tax withholding, 1,649 shares were withheld (disposed) at an indicated value of $90.80/share, totaling $149,729. Net new shares received = 3,698 − 1,649 = 2,049 shares.

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-10 (within standard reporting window).
• Acquired: 3,698 shares via conversion of RSUs (coded M) at $0.00.
• Withheld for taxes: 1,649 shares (coded F) at $90.80/share = $149,729.
• The filing also lists 3,314 shares (M) corresponding to the RSU grant that vested.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes of note:
  • F1: The 3,698 shares reflect the final 1/2 of RSUs granted Feb 6, 2023, and include 384 accrued dividend equivalents.
  • F2: 1,649 shares were withheld to satisfy required state and federal tax withholdings.
  • F3: The 3,314 figure represents the final 1/2 of RSUs; each RSU equals one share at settlement.

Context

• This was an award/settlement (RSU vesting), not an open-market purchase or an investment sale — routinely taxable compensation for executives. The withholding of shares to cover taxes is a common cashless settlement method and does not by itself indicate a change in insider sentiment.