Southern Co (SO) director granted 464 deferred stock units as retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Southern Co director Dale E. Klein received a compensation grant of deferred stock units. On the reported date, he acquired 464.2047 deferred stock units at a reference value of $96.94 per unit under the Southern Company 2021 Equity and Incentive Compensation Plan.
The units are credited as a quarterly director equity retainer and are deferred pursuant to 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 his service on the Board ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klein Dale E.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 464.205 | $96.94 | $45K |
Holdings After Transaction:
Deferred Stock Units Holding — 57,353.213 shares (Direct)
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.
Key Figures
Deferred stock units granted: 464.2047 units
Grant reference price: $96.94 per unit
Total deferred units after grant: 57,353.213 units
+2 more
5 metrics
Deferred stock units granted
464.2047 units
Quarterly director equity retainer grant
Grant reference price
$96.94 per unit
Reported transaction price per deferred stock unit
Total deferred units after grant
57,353.213 units
Holdings following the reported transaction
Underlying common stock
464.2047 shares
Shares represented by the new deferred stock units
Exercise price
$0.00
No exercise price; settled after Board service ends
Key Terms
Deferred Stock Units, Deferred Compensation Plan for Outside Directors, equity retainer, dividend reinvestment
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 financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What insider transaction did Southern Co (SO) director Dale E. Klein report?
Dale E. Klein reported receiving 464.2047 deferred stock units as a quarterly director equity retainer. These units were granted under Southern Company’s 2021 Equity and Incentive Compensation Plan and recorded as a derivative acquisition, not an open-market stock purchase or sale.
How many Southern Co (SO) deferred stock units did Dale E. Klein receive?
He received 464.2047 deferred stock units tied to Southern Company common stock. Each deferred stock unit represents the right to receive one share in the future, as part of his quarterly director equity retainer compensation under the company’s established equity and incentive plans.
At what value were Dale E. Klein’s Southern Co (SO) deferred stock units recorded?
The 464.2047 deferred stock units were recorded at $96.94 per unit. This figure reflects the grant’s reference price for reporting purposes and does not indicate an open-market purchase by the director, but rather a compensation-related equity award.
What is Dale E. Klein’s total Southern Co (SO) deferred stock holding after this grant?
Following this grant, his reported total deferred stock units increased to 57,353.213. This figure reflects cumulative director equity awards, including units acquired through the dividend reinvestment feature of the Deferred Compensation Plan for Outside Directors of Southern Company.