Southern Co (SO) director awarded 801 deferred stock units as retainers
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 801.619 deferred stock units as part of his quarterly director cash and equity retainers. 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, to be settled after Meador’s service on the Board ends as specified in his deferral elections. Following this award and dividend reinvestment activity, he holds a total of 9,452.0657 deferred stock units.
Positive
- None.
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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 | 801.619 | $95.12 | $76K |
Holdings After Transaction:
Deferred Stock Units Holding — 9,452.0657 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: 801.619 units
Price per underlying share reference: $95.1200 per unit
Total deferred stock units after grant: 9,452.0657 units
+2 more
5 metrics
Deferred stock units granted
801.619 units
Quarterly director cash and equity retainers
Price per underlying share reference
$95.1200 per unit
Reported transaction price for deferred stock units
Total deferred stock units after grant
9,452.0657 units
Holdings following the 801.619-unit award
Underlying common stock
801.619 shares
Shares of Southern Company common stock tied to new units
Conversion or exercise price
$0.0000
Deferred units have no exercise price under plan terms
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 ... Each deferred stock unit represents the right to receive one share"
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
"Represents quarterly director 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 insider transaction did Southern Co (SO) director David E. Meador report?
David E. Meador reported receiving 801.619 deferred stock units as part of his quarterly director retainers. These units are a compensation-related award, not an open-market stock purchase or sale, and are recorded as derivative securities linked to Southern Company common stock.
How many Southern Co deferred stock units does David E. Meador now hold?
After the latest grant, David E. Meador holds 9,452.0657 deferred stock units. This total includes the 801.619 units granted for quarterly retainers plus additional units accumulated through the dividend reinvestment feature of the Deferred Compensation Plan for Outside Directors.
What does each Southern Co 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 settled in actual shares on dates following the end of Meador’s Board service, consistent with his elections under the Deferred Compensation Plan.
When will David E. Meador’s Southern Co deferred stock units be settled?
The deferred stock units will be settled in Southern Company common shares after Meador’s service on the Board terminates. The specific settlement dates follow his elections under the Deferred Compensation Plan for Outside Directors, and there is no traditional exercise or expiration date.
Is David E. Meador’s Form 4 transaction in Southern Co stock an open-market trade?
No, the Form 4 shows a compensation-related grant of 801.619 deferred stock units, coded as a grant or award. The units arise from quarterly director retainers and dividend reinvestment, rather than from buying or selling Southern Company shares in the open market.