Peoples James Jeffrey 4

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.