Southern Company director reports quarterly deferred stock award
Southern Company director Janaki Akella reported receiving 516.055 deferred stock units on 01/02/2026 as part of the regular quarterly director equity retainer under the Southern Company 2021 Equity and Incentive Compensation Plan. Each deferred stock unit represents the right to receive one share of Southern Company common stock, with settlement in shares occurring after the director’s service on the Board ends, in accordance with the Deferred Compensation Plan for Outside Directors.
Following this transaction, Akella beneficially owns 19,919.4996 deferred stock units, which also include additional units accumulated through the dividend reinvestment feature of the Deferred Compensation Plan. The transaction is reported as an acquisition of derivative securities with a conversion price of $0 and an underlying Southern Company common stock reference price of $87.2.
Southern Company director reports deferred stock unit grant
A Southern Company director, John M. Turner, Jr., reported an acquisition of derivative securities tied to Southern Company common stock. On 10/01/2025, he acquired 910.9578 deferred stock units at a price of $94.8 per unit. Each unit represents the right to receive an equivalent amount of Southern Company common stock.
These units were acquired under Southern's Deferred Compensation Plan and are payable in stock only upon termination, with no exercise or expiration date. Following this transaction, Turner beneficially owns 910.9578 deferred stock units, held directly.
Georgia Power, a subsidiary of The Southern Company, has reached a settlement agreement with the Georgia Public Service Commission Public Interest Advocacy Staff that would resolve its All-Source Certification Proceeding for 2028-2031 if approved. The agreement covers approval and certification of 9,885 megawatts of requested resources at each project’s individual cost. It includes Company-owned projects with approximately $16.3 billion of projected capital investment, excluding allowance for funds used during construction, with about $14 billion expected between 2026 and 2029, subject to construction monitoring by the Georgia PSC.
Georgia Power would also agree to file its next base rate case so that incremental revenue from large load customers provides downward pressure of at least $556 million per year for 2029-2031. This amount is described as equivalent to about $8.50 per month, or approximately $102 per year, for a typical residential customer using 1,000 kilowatt-hours per month. The settlement requires Georgia PSC approval, with a vote scheduled for December 19, 2025, and the ultimate outcome remains uncertain.
Southern Company officer James Y. Kerr II, Chairman, President & CEO of GAS, reported charitable gifts of Southern Company common stock. On December 3, 2025, he made bona fide gifts of 11,300 and 6,800 shares of Southern Company common stock, each recorded at a price of $0, reflecting that these were donations rather than sales. After these transactions, he continues to hold Southern Company common stock indirectly through a 401(k) plan, with 34,381.9678 shares listed as indirectly owned. These transactions are reported as gifts to a charitable organization.