Peoples James Jeffrey 4
4 · SOUTHERN CO · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Southern Co (SO) Chairman/CEO James Peoples Receives Awards, Sells Shares
What Happened
James (Jim) Peoples, Chairman, President & CEO of Southern Co (SO), received shares from the vesting of performance share units and restricted stock units on Feb 11, 2026. He was issued 41,770 shares from the 2023–2025 performance share award and 2,929 shares from the first 1/3 tranche of 2025 performance restricted stock units (total acquired = 44,699 shares). To satisfy withholding tax obligations, the company withheld 18,526 and 1,438 shares (total withheld = 19,964 shares) at $90.86 per share, yielding approximately $1,813,929. After withholding, Peoples received a net ~24,735 shares.
Key Details
- Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (filed within the usual two-business-day window).
- Awarded/Acquired: 41,770 shares (PSUs, 2023–2025) and 2,929 shares (first 1/3 of 2025 PRSUs).
- Withheld for taxes (treated as dispositions): 18,526 shares and 1,438 shares at $90.86 each; total withholding value ≈ $1,813,929.
- Net shares received after withholding: ~24,735 shares.
- Footnotes summary:
- F1: 41,770 shares from PSU vesting for 2023–2025; includes dividend equivalents; performance certified Feb 11, 2026.
- F2: Shares withheld to satisfy state and federal tax withholding.
- F3: 2,929 shares from vesting of first 1/3 of PRSUs (Feb 5, 2025 grant); includes 96 dividend equivalents.
- F4: The 2,833-unit line represents the first 1/3 tranche of the 2025 PRSUs (remaining vest in 2027 & 2028); units convert to shares at settlement and shares will be withheld to cover taxes.
- Shares owned after the transaction are not specified in the provided excerpt.
Context
These entries are award vestings and related tax-withholding (codes A, M for award/conversion; F for tax withholding), not open-market purchases or discretionary sales. The company’s withholding of shares to cover taxes is routine (a cashless-like settlement) and should be viewed as standard compensation administration rather than a directional insider trade signal.
Insider Transaction Report
- Award
Southern Company Common Stock
[F1]2026-02-11+41,770→ 59,175 total - Tax Payment
Southern Company Common Stock
[F2]2026-02-11$90.86/sh−18,526$1,683,272→ 40,649 total - Exercise/Conversion
Southern Company Common Stock
[F3]2026-02-11+2,929→ 43,578 total - Tax Payment
Southern Company Common Stock
[F2]2026-02-11$90.86/sh−1,438$130,657→ 42,140 total - Exercise/Conversion
Performance Restricted Stock Units
[F4]2026-02-11−2,833→ 5,666 totalExercise: $0.00→ Southern Company Common Stock (2,833 underlying)
- 9,379.558(indirect: By 401(k))
Southern Company Common Stock
Footnotes (4)
- [F1]Shares acquired upon vesting of performance share units under Company's Performance Share Program for the 2023-2025 award. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes accrued dividend equivalent units.
- [F2]Shares withheld to satisfy required state and federal tax withholding requirements.
- [F3]Shares acquired upon vesting of first 1/3 of performance restricted stock units granted on February 5, 2025. The Compensation and Talent Development Committee certified performance on February 11, 2026. Includes 96 accrued dividend equivalent units.
- [F4]Represents first 1/3 of performance restricted stock units granted on February 5, 2025. The remaining award will vest 1/3 in 2027 and 1/3 in 2028. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. Additional units will be acquired with deemed dividends. Shares will be withheld upon vesting to satisfy tax requirements.