Thomas Lizanne 4
4 · SOUTHERN CO · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Southern Co (SO) Director Thomas Lizanne Receives Stock Award
What Happened
Thomas Lizanne, a director of Southern Company (SO), was granted 464.205 deferred stock units on 2026-04-01 at an attributable price of $96.94 per share, for an aggregate value of $45,000. The transaction is reported as an award/acquisition (derivative) — this is director compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-04-01; Filing date (Accession): 2026-04-02 (timely filing).
- Instrument and amount: 464.205 deferred stock units at $96.94 per unit; total value $45,000.
- Transaction code: A (award/grant/acquisition); classified as a derivative.
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnotes:
- F1: Units represent a quarterly director equity retainer under the 2021 Equity and Incentive Compensation Plan and are deferred under the Deferred Compensation Plan for Outside Directors.
- F2: Deferred stock units settle in shares of common stock upon termination of Board service; no exercise or expiration date.
- F3: Units include additional deferred units from dividend reinvestment.
- No indication of a sale or cashless exercise; this is routine compensation, not an immediate stock purchase.
Context
Deferred stock units (DSUs) are rights to receive shares in the future (typically after a director leaves the board) and are commonly used for director compensation. Such awards are routine and primarily reflect compensation structure rather than an immediate bullish or bearish trading signal.
Insider Transaction Report
Form 4
Thomas Lizanne
Director
Transactions
- Award
Deferred Stock Units Holding
[F1][F2][F3]2026-04-01$96.94/sh+464.205$45,000→ 7,224.449 totalExercise: $0.00→ Southern Company Common Stock
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.
Signature
/s/ Brittney Anderson, Attorney-in-Fact for Lizanne Thomas|2026-04-02