Southern Company (SO) director adds 874 deferred stock units in Q1 retainer
Rhea-AI Filing Summary
Southern Company director David E. Meador reported a routine equity grant in the form of deferred stock units. On 01/02/2026, he acquired 874.4266 deferred stock units under the Southern Company 2021 Equity and Incentive Compensation Plan as his quarterly director equity retainer, deferred under the Deferred Compensation Plan for Outside Directors of The Southern Company.
Each deferred stock unit represents the right to receive one share of Southern Company common stock, with settlement in shares after his service on the Board ends as specified under the plan. The transaction reflects a reference price of $87.2 per share and brings his total directly held deferred stock units to 8,429.1258, including units accumulated through the plan’s dividend reinvestment feature.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 874.427 | $87.20 | $76K |
Footnotes (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.
FAQ
What insider transaction did Southern Company (SO) report for David E. Meador?
The filing reports that director David E. Meador acquired 874.4266 deferred stock units of Southern Company on 01/02/2026 as a quarterly director equity retainer.
How many Southern Company deferred stock units does David E. Meador now hold?
Following the reported transaction, David E. Meador beneficially owns 8,429.1258 deferred stock units of Southern Company common stock, held directly.
What is the nature of the deferred stock units granted to the Southern Company director?
The deferred stock units represent a 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.
When and how are Southern Company deferred stock units for directors settled?
According to the disclosure, deferred stock units are settled in shares of Southern Company common stock on the date or dates after the director’s termination of service on the Board, as specified by the director under the Deferred Compensation Plan.
Do Southern Company deferred stock units for directors have an exercise price or expiration date?
The filing notes there is no exercise or expiration date for these deferred stock units, and the conversion or exercise price is listed as $0.
How does the dividend reinvestment feature affect David E. Meador’s deferred stock units at Southern Company?
The explanation states that his total includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan, which credits more units when dividends are paid.