Southern Company (SO) director earns new deferred stock unit grant as Board retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GRAIN DAVID J reported acquisition or exercise transactions in this Form 4 filing.
Southern Company director David J. Grain received a grant of 838.1473 deferred stock units tied to Southern Company common stock as director compensation. The units, valued at $96.94 per unit for reporting purposes, were credited under the company’s 2021 Equity and Incentive Compensation Plan and deferred into the Deferred Compensation Plan for Outside Directors.
Following this grant and related dividend reinvestment credits, Grain holds a total of 85,316.8599 deferred stock units. Each unit represents the right to receive one share of Southern Company common stock, to be settled in shares after his Board service ends. The award is a non‑cash, routine compensation grant rather than an open‑market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GRAIN DAVID J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units Holding | 838.147 | $96.94 | $81K |
Holdings After Transaction:
Deferred Stock Units Holding — 85,316.86 shares (Direct)
Footnotes (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.
Key Figures
Deferred stock units granted: 838.1473 units
Reporting value per unit: $96.94 per unit
Deferred units after transaction: 85,316.8599 units
+2 more
5 metrics
Deferred stock units granted
838.1473 units
Director compensation grant on 2026-04-01
Reporting value per unit
$96.94 per unit
Value used for the deferred stock unit grant
Deferred units after transaction
85,316.8599 units
Total deferred stock units held following the grant
Conversion price
$0.00
Deferred stock units settle into common shares without exercise price
Underlying security units
838.1473 shares
Each deferred unit corresponds to one Southern Company common share
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 ... deferred stock units..."
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
"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..."
FAQ
What insider transaction did Southern Company (SO) director David J. Grain report?
David J. Grain reported receiving 838.1473 deferred stock units as director compensation. These units are credited under Southern Company’s 2021 Equity and Incentive Compensation Plan and deferred, rather than bought on the open market, as part of his regular Board retainers.
How many Southern Company (SO) deferred stock units does David J. Grain now hold?
After the latest grant, David J. Grain holds 85,316.8599 deferred stock units. Each unit represents the right to receive one share of Southern Company common stock, generally delivered after his service on the Board ends under the Deferred Compensation Plan.
Is David J. Grain’s Form 4 transaction in Southern Company (SO) an open-market stock purchase?
No, the Form 4 shows a grant of deferred stock units as compensation, not an open-market purchase. The units were credited under Southern Company’s equity and incentive plan and deferred into the directors’ compensation plan instead of being bought for cash in the market.
What does a deferred stock unit mean for Southern Company (SO) directors?
A deferred stock unit gives a director the right to receive one share of Southern Company common stock in the future. Units are often granted as part of retainers, can accumulate via dividend reinvestment, and are typically settled in shares after the director leaves the Board.
How were dividends handled on David J. Grain’s Southern Company (SO) deferred units?
Some of Grain’s deferred stock units were acquired through the plan’s dividend reinvestment feature. Instead of receiving cash dividends, additional deferred units are credited, increasing his total future share entitlement under the Deferred Compensation Plan for Outside Directors.