Southern Company director granted deferred stock units
JAMES DONALD M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
JAMES DONALD M reported acquisition or exercise transactions in this Form 4 filing.
Southern Company director James Donald received a grant of 464.2047 deferred stock units tied to Southern Company common stock as part of his quarterly director equity retainer. These units were awarded at a reference value of $96.94 per underlying share under the company’s 2021 Equity and Incentive Compensation Plan.
The deferred stock units will be settled in shares of common stock after his service on the Board ends, according to his elections under the Deferred Compensation Plan for Outside Directors. After this award and dividend reinvestment, his deferred stock unit balance stands at 203,293.2031 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 464.2047 shares
Grant/Award
1 txn
Insider
JAMES DONALD M
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 — 203,293.2031 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
Reference price per underlying share: $96.94
Deferred units after transaction: 203,293.2031 units
+1 more
4 metrics
Deferred stock units granted
464.2047 units
Quarterly director equity retainer on April 1, 2026
Reference price per underlying share
$96.94
Value used for the deferred stock unit grant
Deferred units after transaction
203,293.2031 units
Total deferred stock units following the award
Underlying shares per unit
1 share per unit
Each unit equals one share of Southern Company common stock
Key Terms
Deferred stock units, Deferred Compensation Plan for Outside Directors, 2021 Equity and Incentive Compensation Plan, Dividend reinvestment feature
4 terms
Deferred stock units financial
"Represents quarterly director equity retainer paid ... 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"
2021 Equity and Incentive Compensation Plan financial
"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
What did Southern Co (SO) director James Donald receive in this Form 4?
He received 464.2047 deferred stock units as part of his quarterly director equity retainer. Each unit represents one share of Southern Company common stock, granted under the 2021 Equity and Incentive Compensation Plan and deferred into the directors’ compensation program.
What are the key terms of the deferred stock units for Southern Co (SO)?
Each deferred stock unit equals one share of Southern Company common stock. The units have a reference value of $96.94 per underlying share and are settled in actual shares only after the director’s Board service terminates, with no exercise or expiration date.
When will the Southern Co (SO) deferred stock units be settled?
The deferred stock units will be settled in shares of Southern Company common stock after the director’s service on the Board ends. The exact timing and payout schedule follow the director’s elections under the Deferred Compensation Plan for Outside Directors.
How many deferred stock units does the Southern Co (SO) director hold after this grant?
Following this grant and dividend reinvestment, the director holds 203,293.2031 deferred stock units. Each unit represents the right to receive one share of Southern Company common stock, payable after the end of his Board service under the deferred compensation plan.
Is this Southern Co (SO) Form 4 an open-market stock purchase or sale?
No, this Form 4 reflects a compensation-related award, not an open-market trade. The director received deferred stock units as part of his quarterly equity retainer, which are settled in shares later rather than being bought or sold in the market.
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