Etheredge James O 4
4 · SOUTHERN CO · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Southern Co (SO) Director James Etheredge Receives 464 Deferred Stock Units
What Happened James O. Etheredge, a director of Southern Company (SO), was granted 464.205 deferred stock units (DSUs) on 2026-04-01 as a director equity retainer. The DSUs were valued at $96.94 each for a total grant value of $45,000. This was an award (code A) under the company’s equity compensation arrangements — a form of compensation, not an open-market purchase or sale.
Key Details
- Transaction date and terms: 2026-04-01 — 464.205 DSUs @ $96.94 per unit, total $45,000 (derivative award).
- Filing date: Form 4 filed 2026-04-02 (filed the next business day; appears timely).
- Shares owned after transaction: Not specified in the provided filing.
- Relevant footnotes from the filing:
- F1: DSUs represent deferred quarterly director equity retainer under the 2021 Equity & Incentive Plan and Deferred Compensation Plan for Outside Directors; each DSU equals the right to one share.
- F2: DSUs settle into shares upon the director’s termination of board service as specified by the director; there is no exercise or expiration date.
- F3: The reported amount includes additional DSUs acquired via dividend reinvestment under the Deferred Compensation Plan.
Context This transaction is a routine compensation award to a board member; DSUs are a deferred form of stock compensation and will convert to actual shares at the time specified by the director (typically upon leaving the board). Because this is compensation rather than an open-market purchase or sale, it should not be interpreted on its own as a bullish or bearish signal about the stock.
Insider Transaction Report
- Award
Deferred Stock Units Holding
[F1][F2][F3]2026-04-01$96.94/sh+464.205$45,000→ 2,389.793 totalExercise: $0.00→ Southern Company Common Stock (464.205 underlying)
Footnotes (3)
- [F1]Represents quarterly director equity retainer 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.