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Southern Company (SO) director Grain receives quarterly deferred stock unit award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Southern Company director David J. Grain received a routine compensation award of deferred stock units. On this date, he acquired 854.1842 deferred stock units tied to Southern Company common stock, reflecting quarterly director cash and equity retainers under the 2021 Equity and Incentive Compensation Plan.

After this award, Grain directly holds a total of 86,881.3948 deferred stock units. These units are settled in shares of Southern Company common stock after his service on the Board ends, according to his elections under the Deferred Compensation Plan, and the total includes units credited through dividend reinvestment.

Positive

  • None.

Negative

  • None.
Insider GRAIN DAVID J
Role null
Type Security Shares Price Value
Grant/Award Deferred Stock Units Holding 854.184 $95.12 $81K
Holdings After Transaction: Deferred Stock Units Holding — 86,881.395 shares (Direct, null)
Footnotes (1)
  1. 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 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. Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.
Deferred stock units granted 854.1842 units Quarterly director cash and equity retainers
Price reference per unit $95.1200 Transaction price per deferred stock unit
Total deferred units after award 86,881.3948 units Holdings following this transaction
Conversion ratio 1 unit = 1 share Each deferred stock unit to Southern Company common stock
Exercise price $0.0000 Conversion or exercise price for deferred stock units
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 financial
"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"
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.
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"
dividend reinvestment feature financial
"Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
GRAIN DAVID J
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Deferred Stock Units Holding(1)$007/01/2026A854.1842 (2) (2)Southern Company Common Stock854.1842$95.1286,881.3948(3)D
Explanation of Responses:
1. 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.
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 David J. Grain07/02/2026
** Signature of Reporting PersonDate
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

FAQ

What did Southern Company (SO) director David J. Grain report in this Form 4?

David J. Grain reported receiving 854.1842 deferred stock units as part of his quarterly director retainers. These units are linked to Southern Company common stock and increase his total deferred stock unit holdings under the company’s compensation and deferred compensation plans.

How many Southern Company (SO) deferred stock units does David J. Grain now hold?

Following this transaction, David J. Grain directly holds 86,881.3948 deferred stock units. This figure includes the new 854.1842-unit award as well as additional units accumulated previously, including those acquired through the plan’s dividend reinvestment feature.

Is David J. Grain’s Southern Company (SO) Form 4 a purchase or a grant?

The Form 4 reflects a grant or award, not an open-market purchase. Grain acquired 854.1842 deferred stock units as quarterly director cash and equity retainers under Southern Company’s 2021 Equity and Incentive Compensation Plan and related Deferred Compensation Plan.

When will David J. Grain receive Southern Company (SO) shares for these deferred stock units?

The deferred stock units are settled in shares of Southern Company common stock after Grain’s Board service ends. Settlement timing follows his prior elections under the Deferred Compensation Plan for Outside Directors and occurs on dates specified in that plan framework.

What does each Southern Company (SO) deferred stock unit represent for David J. Grain?

Each deferred stock unit represents the right to receive one share of Southern Company common stock. The units carry no exercise or expiration date and accumulate over time, including through dividend reinvestment, until they are ultimately settled in shares.

Does this Southern Company (SO) Form 4 involve options or an exercise price?

No, the reported derivative security is deferred stock units with a conversion price of 0.0000. There is no traditional option exercise or expiration date; the units convert one-for-one into common shares after Grain’s Board service ends, per the Deferred Compensation Plan.