Southern Company (SO) director Meador awarded 786 deferred stock units
Rhea-AI Filing Summary
MEADOR DAVID E reported acquisition or exercise transactions in this Form 4 filing.
Southern Company director David E. Meador received a grant of 786.569 deferred stock units as quarterly board compensation. These units were awarded under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
Each deferred stock unit represents the right to receive one share of Southern Company common stock, with settlement in shares after Meador’s board service ends, as specified in the deferral election. The grant increased his deferred stock unit holdings to 9,279.6828 units, including amounts accumulated through a dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
MEADOR DAVID E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 786.569 | $96.94 | $76K |
Holdings After Transaction:
Deferred Stock Units Holding — 9,279.6828 shares (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. (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: 786.569 units
Reference price per unit: $96.94 per unit
Deferred units after grant: 9,279.6828 units
+2 more
5 metrics
Deferred stock units granted
786.569 units
Quarterly director cash and equity retainers deferred into plan
Reference price per unit
$96.94 per unit
Transaction price per deferred stock unit reported for this grant
Deferred units after grant
9,279.6828 units
Total deferred stock unit holdings following the reported transaction
Exercise or conversion price
$0.00
Deferred stock units settle in shares with no exercise price
Underlying common shares
786.569 shares
Underlying Southern Company common stock tied to this DSU grant
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 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 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 (Deferred Compensation Plan)."
2021 Equity and Incentive Compensation Plan 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."
Dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Southern Company (SO) director David E. Meador report on this Form 4?
David E. Meador reported receiving 786.569 deferred stock units as part of his quarterly director compensation. These units are deferred under the company’s outside directors compensation plan and each unit represents the right to receive one share of Southern Company common stock later.
How many Southern Company (SO) deferred stock units does David E. Meador hold after this grant?
After this grant, David E. Meador holds 9,279.6828 deferred stock units. This total includes the new 786.569-unit award and additional units accumulated through the dividend reinvestment feature of Southern Company’s Deferred Compensation Plan for Outside Directors.
When will David E. Meador’s Southern Company (SO) deferred stock units be settled?
The deferred stock units will be settled in Southern Company common stock after Meador’s service on the Board ends. The specific settlement date or schedule follows his elections under the Deferred Compensation Plan for Outside Directors described in the filing.
What does each Southern Company (SO) deferred stock unit represent for David E. Meador?
Each deferred stock unit represents the right to receive one share of Southern Company common stock. The units are a form of non-cash director compensation, issued under the 2021 Equity and Incentive Compensation Plan and deferred into the outside directors’ compensation program.
How were David E. Meador’s Southern Company (SO) deferred stock units valued in this transaction?
The 786.569 deferred stock units were recorded at a reference price of $96.94 per unit. The filing treats this as the price per deferred stock unit for reporting purposes, though the units themselves settle later in shares of common stock rather than immediate cash.