Southern director granted deferred stock units
Southern Company director Janaki Akella received a grant of deferred stock units as part of board compensation.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Southern Company director Janaki Akella received a grant of deferred stock units as part of board compensation. The award covered 464.2047 deferred stock units valued at $96.94 per unit, increasing Akella’s holdings to 20,534.9193 deferred stock units. Each unit represents one share of Southern Company common stock, to be settled in shares after board service ends, with no exercise or expiration date.
Insider Trade Summary
Grant/Award: 464.2047 shares
Grant/Award
1 txn
Insider
Akella Janaki
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 464.2047 | $96.94 | $45K |
Holdings After Transaction:
Deferred Stock Units Holding — 20,534.9193 contracts (Direct)
Holdings Before and After:
Deferred Stock Units Holding, 20,070.7146 to 20,534.9193 contracts (Direct)
Footnotes (3)
- F1. Represents quarterly director equity retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company (Deferred Compensation Plan). Each deferred stock unit represents the right to receive one share of Southern Company common stock.
- F2. Deferred stock units are settled in shares of Southern Company common stock on the date(s) following the termination of the reporting person's service on the Board as specified by the reporting person pursuant to the Deferred Compensation Plan. There is no exercise or expiration date.
- F3. Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.
Key Figures
Deferred stock units granted: 464.2047 units
Grant reference price: $96.94 per unit
Total deferred stock units after grant: 20,534.9193 units
3 metrics
Deferred stock units granted
464.2047 units
Quarterly director equity retainer grant
Grant reference price
$96.94 per unit
Value used for deferred stock unit award
Total deferred stock units after grant
20,534.9193 units
Holdings following the reported transaction
Key Terms
Deferred Stock Units, Deferred Compensation Plan for Outside Directors, equity retainer, dividend reinvestment feature
4 terms
Deferred Stock Units financial
"Represents quarterly director equity retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred pursuant to the Deferred Compensation Plan"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Deferred Compensation Plan for Outside Directors financial
"deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company"
equity retainer financial
"Represents quarterly director equity retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan"
dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Southern Company (SO) director Janaki Akella report on this Form 4?
Director Janaki Akella reported receiving 464.2047 deferred stock units as a board compensation grant. These units were awarded under Southern Company’s 2021 Equity and Incentive Compensation Plan and are deferred pursuant to the Deferred Compensation Plan for Outside Directors.
How many Southern Company (SO) deferred stock units does Akella hold after this transaction?
After the grant, Janaki Akella holds 20,534.9193 deferred stock units. This total includes the new quarterly equity retainer, prior grants, and additional units acquired through the dividend reinvestment feature of the Deferred Compensation Plan for Outside Directors.
What is the value per deferred stock unit in the Southern Company (SO) grant?
The 464.2047 deferred stock units were valued at $96.94 per unit. This valuation reflects the reference price used for the quarterly director equity retainer paid under Southern Company’s 2021 Equity and Incentive Compensation Plan and deferred into stock units.
When will Southern Company (SO) deferred stock units be settled for Janaki Akella?
These deferred stock units will be settled in shares of Southern Company common stock after Akella’s board service ends. The specific settlement date or dates are determined by Akella’s elections under the Deferred Compensation Plan for Outside Directors.
Do Southern Company (SO) deferred stock units have an exercise or expiration date?
The deferred stock units reported have no exercise or expiration date. They represent the right to receive shares of Southern Company common stock and are settled following termination of board service according to the Deferred Compensation Plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
