Southern Co director granted deferred stock units
Southern Company director James O. Etheredge received a grant of deferred stock units as part of his quarterly board compensation.
Rhea-AI Filing Summary
Southern Company director James O. Etheredge received a grant of deferred stock units as part of his quarterly board compensation. On the reported date, he acquired 464.2047 deferred stock units tied to Southern Company common stock under the 2021 Equity and Incentive Compensation Plan.
Each deferred stock unit represents the right to receive one share of Southern Company common stock, to be settled after his service on the Board ends as specified under the Deferred Compensation Plan for Outside Directors. Following this award and dividend reinvestments, Etheredge holds a total of 2,389.7934 deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 464.2047 shares
Grant/Award
1 txn
Insider
Etheredge James O
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 — 2,389.7934 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 held: 2,389.7934 units
+1 more
4 metrics
Deferred stock units granted
464.2047 units
Quarterly director equity retainer on reported date
Grant reference price
$96.94 per unit
Implied price used for deferred stock unit grant
Total deferred stock units held
2,389.7934 units
Holdings following the reported grant
Conversion price
$0.00
Deferred stock units convert to common stock with no exercise cost
Key Terms
Deferred Stock Units, Deferred Compensation Plan for Outside Directors, dividend reinvestment feature, equity and incentive compensation plan
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 (Deferred Compensation Plan)"
dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
equity and incentive compensation plan financial
"quarterly director equity retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan"
FAQ
What insider transaction did Southern Co (SO) report for James O. Etheredge?
Southern Co reported that director James O. Etheredge received 464.2047 deferred stock units as a quarterly equity retainer. These units were granted under the 2021 Equity and Incentive Compensation Plan and represent additional stock-based compensation, not an open-market share purchase or sale.
How many deferred stock units does James O. Etheredge now hold at Southern Co (SO)?
After the latest grant, James O. Etheredge holds 2,389.7934 deferred stock units. Each unit represents the right to receive one share of Southern Company common stock, generally delivered after his board service ends under the Deferred Compensation Plan terms.
Is the Southern Co (SO) Form 4 transaction a buy or sell in the open market?
The Form 4 transaction is a compensation-related acquisition, not an open-market trade. Etheredge received deferred stock units as a quarterly director equity retainer, classified as a grant or award, rather than buying or selling shares on the stock market.
What does each deferred stock unit represent for Southern Co (SO) directors?
Each deferred stock unit represents the right to receive one share of Southern Company common stock. Units are credited under the Deferred Compensation Plan for Outside Directors and are generally settled in common shares after the director’s board service terminates, based on elections made under that plan.
How were additional Southern Co (SO) deferred stock units accumulated by Etheredge?
In addition to the quarterly equity retainer, Etheredge’s total includes units acquired through the plan’s dividend reinvestment feature. Dividends on deferred balances are credited as additional deferred stock units, increasing his overall deferred stake over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
