Southern Company director granted deferred stock units
Southern Company director John D. Johns received an award of 473.0866 deferred stock units as part of his quarterly director equity retainer.
Rhea-AI Filing Summary
Southern Company director John D. Johns received an award of 473.0866 deferred stock units as part of his quarterly director equity retainer. The units were granted at a reference value of $95.12 per unit and increase his direct holdings of deferred stock units to 88,550.8618 units.
These deferred stock units are granted under the Southern Company 2021 Equity and Incentive Compensation Plan and are deferred pursuant to the Deferred Compensation Plan for Outside Directors. Each unit represents the right to receive one share of Southern Company common stock, generally settled after his service on the board ends, with no exercise or expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 473.0866 shares
Grant/Award
1 txn
Insider
JOHNS JOHN D
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 — 88,550.8618 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
Reference price per unit: $95.12 per unit
Deferred units after transaction: 88,550.8618 units
+1 more
4 metrics
Deferred stock units granted
473.0866 units
Quarterly director equity retainer on 2026-07-01
Reference price per unit
$95.12 per unit
Grant value for deferred stock units
Deferred units after transaction
88,550.8618 units
Total deferred stock units held directly after award
Underlying common stock
473.0866 shares
Shares of Southern Company common stock underlying the new units
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 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 for Outside Directors financial
"deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company"
2021 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."
FAQ
What insider transaction did Southern Company (SO) report for John D. Johns?
Southern Company reported that director John D. Johns received 473.0866 deferred stock units as a quarterly director equity retainer. These units are a non-cash equity award that will convert into Southern Company common shares after his board service ends.
How many Southern Company deferred stock units does John D. Johns hold after this Form 4?
After this grant, John D. Johns holds 88,550.8618 deferred stock units directly. Each unit represents the right to receive one share of Southern Company common stock, to be settled following his service on the board under the Deferred Compensation Plan.
What is a deferred stock unit in Southern Company’s compensation plans?
A deferred stock unit is a bookkeeping entry representing the right to receive one share of Southern Company common stock in the future. For outside directors, these units are generally settled in shares after board service ends, instead of immediate cash or stock payments.
What plan governs the deferred stock units granted to Southern Company director Johns?
The deferred stock units are paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred under the Deferred Compensation Plan for Outside Directors. These plans structure director equity retainers as share-based awards rather than cash compensation.
Are the deferred stock units granted to John D. Johns immediately exercisable or expiring?
The deferred stock units granted to John D. Johns have no exercise or expiration date. They are settled in shares of Southern Company common stock on dates following the end of his board service, as specified by him under the Deferred Compensation Plan.
Does John D. Johns receive additional Southern Company units through dividend reinvestment?
Yes. His holdings include additional deferred stock units acquired via the dividend reinvestment feature of the Deferred Compensation Plan. Cash dividends that would have been paid on underlying shares instead purchase more deferred stock units credited to his account.
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