Southern Co CEO James Y Kerr II sells 30,000 shares ($2.7M) at $89.64; retains 145,088 shares post-sale
James Y Kerr II, Chairman, President & CEO of Southern Co (SO), sold 30,000 shares at $89.64 on 2024-10-04 for a total value of $2,689,200.00, reducing his holdings by 17.1% from 175,088 shares to 145,088 shares. The sale occurred near the company's 52-week high of $91.59, with the stock currently trading at $89.29 and up 13.8% over the past 90 days. Southern Co's fundamentals show revenue of $6,463,000,000.00 and net income of $1,188,000,000.00 in the latest quarter, though annual revenue growth declined 13.8% year-over-year and the P/E stands at 21.78. The transaction represents a material reduction in the CEO's direct ownership stake during a period of positive 90-day price momentum, warranting observation of whether this reflects broader strategic portfolio positioning or changes in executive outlook.