Southern Co director granted deferred stock units
Southern Company director William G. Smith Jr. received a grant of 851.0419 deferred stock units as part of his quarterly cash and equity retainers under the Southern Company 2021 Equity and Incentive Compensation Plan.
Rhea-AI Filing Summary
Southern Company director William G. Smith Jr. received a grant of 851.0419 deferred stock units as part of his quarterly cash and equity retainers under the Southern Company 2021 Equity and Incentive Compensation Plan. Each deferred stock unit represents one share of Southern Company common stock and is deferred under the Deferred Compensation Plan for Outside Directors.
The deferred stock units, including amounts acquired through the plan’s dividend reinvestment feature, will be settled in shares of common stock after his service on the Board ends, on dates he previously specified. Following this award, his directly held deferred stock unit balance is 160,806.3288 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 851.0419 shares
Grant/Award
1 txn
Insider
SMITH WILLIAM G JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 851.0419 | $96.94 | $83K |
Holdings After Transaction:
Deferred Stock Units Holding — 160,806.3288 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: 851.0419 units
Price per deferred stock unit: $96.94 per unit
Deferred units after transaction: 160,806.3288 units
+2 more
5 metrics
Deferred stock units granted
851.0419 units
Quarterly director cash and equity retainers on 2026-04-01
Price per deferred stock unit
$96.94 per unit
Reference price for the 851.0419-unit grant
Deferred units after transaction
160,806.3288 units
Total directly held deferred stock units following the award
Underlying common stock
851.0419 shares
Each deferred stock unit equals one Southern Company common share
Exercise or expiration date
None
Deferred stock units have no exercise or expiration date
Key Terms
Deferred stock units, Deferred Compensation Plan for Outside Directors, dividend reinvestment feature, Southern Company 2021 Equity and Incentive Compensation Plan
4 terms
Deferred stock units financial
"Represents quarterly director cash and equity retainers paid ... and 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"
dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
Southern Company 2021 Equity and Incentive Compensation Plan financial
"cash and equity retainers paid under the Southern Company 2021 Equity and Incentive Compensation Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Southern Co (SO) director William G. Smith Jr. report on this Form 4?
He reported receiving 851.0419 deferred stock units as part of his quarterly director cash and equity retainers. These units are granted under Southern Company’s 2021 Equity and Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
How many deferred stock units does the Southern Co (SO) director hold after this grant?
After this grant, William G. Smith Jr. holds a total of 160,806.3288 deferred stock units directly. This figure includes units from the latest award as well as additional units accumulated previously, including those from the dividend reinvestment feature of the deferred compensation plan.
What does each deferred stock unit for Southern Co (SO) represent?
Each deferred stock unit represents the right to receive one share of Southern Company common stock. The units are bookkeeping entries, not current shares, and are settled in actual Southern Company common stock after the director’s Board service ends, following his elected distribution schedule.
Is there an exercise or expiration date for the Southern Co (SO) deferred stock units?
There is no exercise or expiration date for these deferred stock units. They are settled in Southern Company common stock on the specified dates after the director’s Board service ends, as outlined in the Deferred Compensation Plan, instead of requiring any exercise action by the director.
How are dividends handled for the Southern Co (SO) deferred stock units?
Additional deferred stock units are acquired through the dividend reinvestment feature of the Deferred Compensation Plan. When Southern Company pays dividends, equivalent value is credited as more deferred stock units, increasing the director’s total deferred balance over time rather than paying cash immediately.
AI-generated analysis. How Rhea-AI works. Not financial advice.
