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Insider Trends: Insider Acquires Southern Co Stock Via Option/Derivative Security, Sells Part to Pay Tax, Trend of Selling Intact

· 02/05/2021 12:26

05:16 PM EST, 02/05/2021 (MT Newswires) -- Andrew W Evans, EVP & CFO, exercised options/derivative securities for 3,594 shares of Southern Co (SO) and sold 1,691 shares in the company for $100,530 to meet tax obligations on Feb 03, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 1,903 company shares. Evans, after the transactions defined in the SEC Form 4 filing, owns 146,989 shares of company stock, which have a market value of $8.87 million as of the prior-day closing price. In addition the company has granted Evans stock options of which 6,888 are currently in the money and have an approximate value of $415,622 as of yesterday's closing price.

In the 90 days prior to the date of this filing, there have been 14 insider transactions reported to the SEC for Southern Co. These transactions came from the activities of 7 different insiders that resulted in a net disposition of 31,737 company shares. Relative to the preceding 90-day window of time, there were 6 transactions from 4 insiders that resulted in the net disposition of 21,916 shares.

This level of insider transactions is lower than the peer group average in the 76-company Electric Utilities peer group over the last 90-day period. Activity in the peer group averaged 106.4 transactions per company, with company insiders acquiring on average 18,030 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/92122/000120919121008188/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.