GRAIN DAVID J 4

What Happened David J. Grain, a director of Southern Company (SO), received 838.147 deferred stock units (an award) on 2026-04-01 under the company's director compensation plan. The units were recorded at $96.94 each, for a notional value of $81,250. This was an award/compensation grant (derivative units), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-02 (timely filing).
• Transaction type/code: A — Grant/award or other acquisition (derivative).
• Units acquired: 838.147 deferred stock units at $96.94 each; total value shown $81,250.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • The units are deferred stock units under the Southern Company 2021 Equity and Incentive Compensation Plan and the Deferred Compensation Plan for Outside Directors (each unit = right to 1 share).
  • Units are payable in shares after the director’s service ends (no exercise/expiration date).
  • The total includes units from dividend reinvestment under the plan.

Context This is routine director compensation paid in deferred stock units and should be viewed as a non-market transaction (compensation), not a personal buy/sell that signals immediate insider sentiment. The units are derivative/deferred and convert to common shares only later per the plan.