Martin Bernard Davis, EVP and CIO, has demonstrated a consistent pattern of selling activity across two companies—Southern Company (SO) and SouthState Corporation (SSB)—with no recorded purchases in the past two years. His 24 reported transactions, all involving SO except for one SSB filing, resulted in over $2.05 million in total sales. The most significant dispositions occurred in early 2025, including a $809,932 sale of SO shares on February 5 and a $100,811 transaction on March 3. Smaller but repeated sales, typically in the $50,000–$70,000 range, appear tied to periodic stock dispositions, such as the $66,257 and $71,441 transactions on February 5 and February 1, 2025, respectively.
Davis’s activity in 2024 followed a similar trend, with multiple SO sales including a $768,586 transaction on February 7 and smaller dispositions like $50,480 and $65,835 that month. The lone SSB filing on November 1, 2025, showed no monetary value, suggesting a non-sale adjustment. The absence of any buy transactions and the recurring nature of his sales—often clustered around February—indicate a systematic reduction in his SO holdings, possibly linked to scheduled vesting events or portfolio rebalancing. The data reflects a clear divestment bias without recent acquisitions in either position.
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