Cooper Shantella E. 4

What Happened Shantella E. Cooper, a director of Southern Company (SO), was granted 464.205 deferred stock units on 2026-04-01 at a per-unit reference price of $96.94, representing $45,000 in value. This was an award (derivative grant) paid as the quarterly director equity retainer — a form of compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-04-01; filing date: 2026-04-02 (no late filing indicated).
• Grant: 464.205 deferred stock units at $96.94 per unit; total reported value $45,000. Transaction code: A (award/grant).
• These are deferred stock units (derivatives) that each represent the right to receive one share of Southern Company common stock.
• Settlement: Units are settled in shares following the director’s termination of Board service per the Deferred Compensation Plan; there is no exercise or expiration date (F1, F2).
• Includes additional deferred stock units from dividend reinvestment under the plan (F3).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context This is routine director compensation (deferred equity) and should be viewed as a compensation event rather than a personal market buy or sell. Deferred stock units convert to actual shares only upon the director’s leaving the Board, so this grant does not increase current voting shares outstanding for the director today.