Director John M. Turner Jr. at Southern Co (SO) awarded deferred stock units
Rhea-AI Filing Summary
Southern Company director John M. Turner Jr. reported receiving a grant of deferred stock units as part of his quarterly director cash and equity retainers under the Southern Company 2021 Equity and Incentive Compensation Plan.
The award covers 786.569 deferred stock units, each tied to one share of Southern Company common stock at a reference price of $96.94. After this grant, Turner holds a total of 2,593.4454 deferred stock units.
The units are credited under the Deferred Compensation Plan for Outside Directors and are settled in shares of common stock after Turner’s board service ends, with no exercise or expiration date. The reported total also includes additional units acquired through the plan’s dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turner John M JR
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 — 2,593.4454 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.
- 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
Total deferred stock units after grant: 2,593.4454 units
+2 more
5 metrics
Deferred stock units granted
786.569 units
Quarterly director cash and equity retainers
Reference price per unit
$96.94
Value used for deferred stock unit grant
Total deferred stock units after grant
2,593.4454 units
Holdings following the reported transaction
Derivative transactions in this filing
1
Single derivative-type grant reported on Form 4
Acquisition transactions
1
Grant/award acquisition classified under code A
Key Terms
Deferred Stock Units, Southern Company 2021 Equity and Incentive Compensation Plan, Deferred Compensation Plan for Outside Directors, dividend reinvestment feature
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.
Southern Company 2021 Equity and Incentive Compensation Plan financial
"cash and equity retainers paid under the Southern Company 2021 Equity and Incentive Compensation Plan"
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."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Southern Co (SO) director John M. Turner Jr. report on this Form 4?
John M. Turner Jr. reported a grant of 786.569 deferred stock units as part of his quarterly director compensation. These units are linked to Southern Company common stock and increase his total deferred stock unit holdings to 2,593.4454 units under the company’s compensation plans.
How many deferred stock units does John M. Turner Jr. now hold at Southern Co (SO)?
Following the latest grant, John M. Turner Jr. holds 2,593.4454 deferred stock units. This total includes the new 786.569-unit award plus additional units accumulated through the dividend reinvestment feature of Southern Company’s Deferred Compensation Plan for Outside Directors.
Is John M. Turner Jr.’s Form 4 transaction in Southern Co (SO) an open-market stock purchase?
No, the transaction is a grant of deferred stock units, not an open-market purchase. It reflects quarterly director cash and equity retainers that Turner chose to defer under Southern Company’s compensation plans rather than a buy order placed in the public market.
When will Southern Co (SO) settle the deferred stock units reported by John M. Turner Jr.?
The deferred stock units are settled in shares of Southern Company common stock after Turner’s service on the Board ends. Settlement timing follows the schedule he selected under the Deferred Compensation Plan, and the units have no exercise or expiration date.
What does one deferred stock unit represent in John M. Turner Jr.’s Southern Co (SO) award?
Each deferred stock unit represents the right to receive one share of Southern Company common stock. The Form 4 notes that these units are issued under the company’s equity and incentive plan and are credited to Turner’s account within the Deferred Compensation Plan for Outside Directors.
How were dividends handled for John M. Turner Jr.’s Southern Co (SO) deferred stock units?
The filing states that his total includes deferred stock units acquired through a dividend reinvestment feature. Cash dividends payable on underlying Southern Company shares are automatically reinvested into additional deferred stock units within the Deferred Compensation Plan for Outside Directors.