Sena Peter P III 4
4 · SOUTHERN CO · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Southern Co (SO) CEO Peter Sena Receives Award; Shares Withheld
What Happened
Peter P. Sena III, Chairman, President & CEO of Southern Co (SO), received awards when performance share units (PSUs) and the first tranche of performance restricted stock units (PRSUs) vested on Feb 11, 2026. The filing shows 22,698 shares issued from the 2023–2025 PSU award and 2,311 shares issued from the first 1/3 of the 2025 PRSU award (issued at $0 cost as awards). To satisfy withholding/tax obligations, a total of 11,093 shares were withheld/disposed at $90.86 per share, generating roughly $1,007,910 in tax withholding proceeds (10,067 shares -> $914,688; 1,026 shares -> $93,222). Some derivative units (2,235) were also reported as settled/converted in connection with the vesting.
Key Details
- Transaction date: Feb 11, 2026; Form 4 filed Feb 13, 2026 (timely filing).
- Awards issued: 22,698 PSUs vested; 2,311 PRSUs vested (first 1/3 tranche).
- Withholding/dispositions for tax: 11,093 shares withheld/sold at $90.86 each, totaling ~$1.01M.
- Reported derivative activity: conversion/settlement entries included (codes M and A for acquisitions; F for tax withholding).
- Footnotes: Compensation & Talent Development Committee certified PSU performance (F1). PRSU first tranche vests now, with remaining tranches in 2027 and 2028; accrued dividend equivalents included (F3, F4). Shares withheld to satisfy required state and federal tax withholding (F2).
- Shares owned after transaction: not specified in the provided Form 4.
Context
This was primarily a vesting/award settlement (not an open-market buy or a voluntary sale). The withheld/disposed shares were routine tax-withholding to cover tax obligations on vested awards (transaction code F), not a discretionary sale indicating trading intent. For retail investors, awards vesting and tax-withholding sales are common executive compensation settlements and do not by themselves signal a change in insider sentiment.
Insider Transaction Report
- Award
Southern Company Common Stock
[F1]2026-02-11+22,698→ 39,587 total - Tax Payment
Southern Company Common Stock
[F2]2026-02-11$90.86/sh−10,067$914,688→ 29,520 total - Exercise/Conversion
Southern Company Common Stock
[F3]2026-02-11+2,311→ 31,831 total - Tax Payment
Southern Company Common Stock
[F2]2026-02-11$90.86/sh−1,026$93,222→ 30,805 total - Exercise/Conversion
Performance Restricted Stock Units
[F4]2026-02-11−2,235→ 4,469 totalExercise: $0.00→ Southern Company Common Stock (2,235 underlying)
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 76 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.