Cherry Pedro P. 4

What Happened Pedro P. Cherry, Chairman, President & CEO of Southern Co (SO), received shares on vesting of performance share units and restricted stock units. On Feb 11, 2026 he was issued 9,699 shares from the 2023–2025 performance share award and 406 shares upon conversion/exercise of derivative units; 395 derivative units were also settled. To satisfy tax withholding, 4,237 shares and 196 shares (total 4,433 shares) were withheld at $90.86 each, resulting in cash withheld of about $402,783.

Key Details

• Transaction date: February 11, 2026; Form 4 filed Feb 13, 2026 (filed within the typical 2‑business‑day window).
• Awarded/received: 9,699 shares (performance share units) and 406 shares (conversion/exercise of derivative units). 395 derivative units were settled/treated as disposed.
• Tax withholding: 4,237 shares and 196 shares withheld at $90.86/share (total withheld ≈ $402,783).
• Footnotes: Compensation and Talent Development Committee certified performance on Feb 11, 2026. Vesting includes accrued dividend equivalent units. The 406/395 items relate to the first one‑third vesting of restricted/performance units granted Apr 16, 2025; remaining tranches vest in 2027 and 2028.
• Shares owned after the transactions: not specified in the provided filing excerpt.

Context

• These transactions are vesting/settlement events (award/derivative conversion) rather than open‑market buys or voluntary sales. The withheld shares were used solely to satisfy required tax withholding—this is routine following vesting and not an independent sale decision.
• For retail investors, vesting receipts signal compensation realization by management; withheld shares for taxes are a common administrative step and do not by themselves indicate an insider buying or selling for investment reasons.