Southern Co director granted deferred stock units
Southern Co director John M. Turner Jr. received 801.619 deferred stock units as part of his quarterly cash and equity retainers under the company’s 2021 Equity and Incentive Compensation Plan.
Rhea-AI Filing Summary
Southern Co director John M. Turner Jr. received 801.619 deferred stock units as part of his quarterly cash and equity retainers under the company’s 2021 Equity and Incentive Compensation Plan. Each deferred stock unit represents the right to receive one share of Southern Company common stock.
The retainers were deferred into the Deferred Compensation Plan for Outside Directors, which also credits additional units through a dividend reinvestment feature. After this grant, Turner holds a total of 3,416.6575 deferred stock units, which will be settled in shares of common stock after his board service ends, with no exercise or expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 801.619 shares
Grant/Award
1 txn
Insider
Turner John M JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 801.619 | $95.12 | $76K |
Holdings After Transaction:
Deferred Stock Units Holding — 3,416.6575 contracts (Direct)
Footnotes (3)
- F1. Represents quarterly director cash and equity retainers 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: 801.619 units
Reference price per unit: $95.1200 per unit
Total deferred units after transaction: 3,416.6575 units
+1 more
4 metrics
Deferred stock units granted
801.619 units
Quarterly director cash and equity retainers
Reference price per unit
$95.1200 per unit
Value used for the deferred stock unit award
Total deferred units after transaction
3,416.6575 units
Deferred stock unit holdings following this grant
Conversion price
$0.0000
Deferred stock units settle 1:1 into common shares
Key Terms
Deferred stock units, Deferred Compensation Plan for Outside Directors, dividend reinvestment feature, Equity and Incentive Compensation Plan
4 terms
Deferred stock units financial
"Represents quarterly director cash and equity retainers 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 for Outside Directors financial
"Deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company"
dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
Equity and Incentive Compensation Plan financial
"Paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred pursuant to the Deferred Compensation Plan"
FAQ
What insider transaction did Southern Co (SO) report for John M. Turner Jr.?
Southern Co reported that director John M. Turner Jr. acquired 801.619 deferred stock units as quarterly board retainers. These units are granted under the 2021 Equity and Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
Is the Southern Co (SO) Form 4 transaction an open-market purchase or a compensation award?
The transaction is a compensation-related award, not an open-market purchase. Turner received 801.619 deferred stock units as quarterly cash and equity retainers under Southern Co’s compensation plans for outside directors, with no exercise price or trading involved.
How many deferred stock units does John M. Turner Jr. now hold at Southern Co (SO)?
Following this award, John M. Turner Jr. holds 3,416.6575 deferred stock units. Each unit entitles him to receive one share of Southern Company common stock, with settlement scheduled after his service on the board ends under the deferred compensation plan.
When will Southern Co (SO) deferred stock units be settled for director John M. Turner Jr.?
The deferred stock units are settled in Southern Company common stock after Turner’s service on the board ends. Settlement timing follows the schedule he specified under the Deferred Compensation Plan for Outside Directors and there is no exercise or expiration date.
Does the Southern Co (SO) deferred compensation plan include dividend reinvestment?
Yes. The footnotes state that Turner’s total includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan. Dividends on deferred amounts are credited as more units rather than being paid in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
