Director at Southern Co (NYSE: SO) receives new deferred equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Akella Janaki reported acquisition or exercise transactions in this Form 4 filing.
Southern Company director Janaki Akella received a grant of 473.0866 deferred stock units as a quarterly director equity retainer, valued at $95.12 per unit. These units, which each represent one share of common stock, are deferred until after board service ends, bringing total deferred holdings to 21,178.9803 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Akella Janaki
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 473.087 | $95.12 | $45K |
Holdings After Transaction:
Deferred Stock Units Holding — 21,178.98 shares (Direct, null)
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: 473.0866 units
Per-unit value: $95.12 per unit
Total deferred units after grant: 21,178.9803 units
+3 more
6 metrics
Deferred stock units granted
473.0866 units
Quarterly director equity retainer on 2026-07-01
Per-unit value
$95.12 per unit
Indicated transaction price for deferred stock units
Total deferred units after grant
21,178.9803 units
Holdings following the reported transaction
Conversion price
$0.00
No exercise price for deferred stock units
Transaction code
A (grant or award)
Indicates grant/award acquisition of derivative units
Transaction direction
acquire
Grant/award acquisition of deferred stock units
Key Terms
Deferred stock units, Deferred Compensation Plan, equity and incentive compensation plan, dividend reinvestment feature, +1 more
5 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 for Outside Directors"
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 financial
"deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
equity and incentive compensation plan financial
"Represents quarterly director equity retainer 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."
Deferred Stock Units Holding financial
"security_title: Deferred Stock Units Holding"
FAQ
What did Southern Co (SO) director Janaki Akella report in this Form 4?
Janaki Akella reported receiving 473.0866 deferred stock units as part of a quarterly director equity retainer. Each unit tracks one share of Southern Company common stock, increasing Akella’s total deferred stock unit holdings to 21,178.9803 units under company compensation plans.
Is the Southern Co (SO) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of deferred stock units, not a market trade. Code “A” indicates a grant or award received as director compensation, rather than an open-market buy or sell, and there are no sale or purchase codes reported in this filing.
How are the Southern Co (SO) deferred stock units in this filing settled?
The deferred stock units are settled in Southern Company common shares after Akella’s board service ends, on dates specified under the Deferred Compensation Plan. Footnotes state there is no exercise or expiration date, emphasizing their nature as long-term, service-related equity compensation.
What price and value are associated with the Southern Co (SO) deferred stock unit grant?
The grant covers 473.0866 deferred stock units at an indicated value of $95.12 per unit. While the filing doesn’t compute a total, the per-unit figure and share-equivalent nature of each unit help investors understand the scale of this director equity compensation award.
Does the Southern Co (SO) Form 4 mention dividend reinvestment on deferred units?
Yes. A footnote explains the reported total includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan, meaning dividends on underlying stock equivalents are automatically reinvested into more deferred stock units for the director.