STOCK TITAN

Southern Company (NYSE: SO) director defers quarterly equity retainer into stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southern Company director reports new deferred stock units as part of regular board compensation. On 01/02/2026, the reporting person, a director of Southern Company, acquired 516.055 deferred stock units as a quarterly director equity retainer under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred them under the Deferred Compensation Plan for Outside Directors.

Each deferred stock unit represents the right to receive one share of Southern Company common stock, to be settled in shares after the director’s board service ends, as specified under the plan. Following this transaction, the director beneficially owned 201,300.8631 deferred stock units, which also include units accumulated through the plan’s dividend reinvestment feature. The derivative security is shown with a price of $87.2.

Positive

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Insider JAMES DONALD M
Role Director
Type Security Shares Price Value
Grant/Award Deferred Stock Units Holding 516.055 $87.20 $45K
Holdings After Transaction: Deferred Stock Units Holding — 201,300.863 shares (Direct)
Footnotes (1)
  1. 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. 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. Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
JAMES DONALD M

(Last) (First) (Middle)
30 IVAN ALLEN JR. BLVD., NW

(Street)
ATLANTA GA 30308

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SOUTHERN CO [ SO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Deferred Stock Units Holding(1) $0 01/02/2026 A 516.055 (2) (2) Southern Company Common Stock 516.055 $87.2 201,300.8631(3) D
Explanation of Responses:
1. 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.
2. 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.
3. Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.
/s/ Brittney Anderson, Attorney-in-Fact for Donald M. James 01/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Southern Company (SO) disclose in this Form 4?

The filing reports that a Southern Company director acquired 516.055 deferred stock units on 01/02/2026 as a quarterly director equity retainer deferred under the company’s outside director compensation plan.

How do the Southern Company (SO) deferred stock units work for this director?

Each deferred stock unit represents the right to receive one share of Southern Company common stock. The units are settled in shares on date(s) after the director’s service on the Board ends, as specified by the director under the Deferred Compensation Plan.

How many Southern Company (SO) deferred stock units does the director now hold?

After the reported transaction, the director beneficially owned 201,300.8631 deferred stock units, which includes units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.

Is there an exercise or expiration date on the Southern Company (SO) deferred stock units?

The filing states there is no exercise or expiration date for these deferred stock units. They are settled in Southern Company common stock after the director’s Board service terminates, according to the terms chosen under the plan.

What plan governs the director’s equity retainer at Southern Company (SO)?

The quarterly director equity retainer is 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.

What price is associated with the Southern Company (SO) deferred stock units in this filing?

In the derivative securities table, the deferred stock units are shown with a price of $87.2 for the Southern Company common stock underlying the units.