Southern Company director granted deferred stock units

Akella Janaki reported acquisition or exercise transactions in this Form 4 filing.

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Form Type

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.

Insider Trade Summary

Grant/Award: 473.0866 shares

Grant/Award 1 txn

Insider Akella Janaki

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units Holding	473.0866	$95.12	$45K

Holdings After Transaction: Deferred Stock Units Holding — 21,178.9803 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: 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

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Accepted by SEC EDGAR 07/02/2026 - 10:16 AM EDT

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Akella Janaki

(Last)

(First)

(Middle)

30 IVAN ALLEN JR. BLVD., NW

(Street)

ATLANTA

GEORGIA

30308

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SOUTHERN CO [ SO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Deferred Stock Units Holding⁽¹⁾	$0	07/01/2026		A		473.0866		⁽²⁾	⁽²⁾	Southern Company Common Stock	473.0866	$95.12	21,178.9803⁽³⁾	D

Explanation of Responses:

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.

2. 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.

3. Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.

	/s/ Brittney Anderson, Attorney-in-Fact for Janaki Akella	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR