JOHNS JOHN D 4

What Happened John D. Johns, a director of The Southern Company (SO), was granted 473.087 deferred stock units on 2026-07-01 as a director equity retainer under the company’s plans. The units were valued at $95.12 each for a total grant value of $45,000. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (filed timely; Form 4 is generally due within two business days).
• Award: 473.087 deferred stock units at a $95.12 per-unit valuation; total value $45,000.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes:
  • F1: Grant represents a quarterly director equity retainer deferred under the Deferred Compensation Plan; each deferred stock unit equals the right to one share.
  • F2: Deferred stock units are settled in shares following termination of board service as elected by the director; there is no exercise or expiration date.
  • F3: The unit count includes additional deferred units from dividend reinvestment under the plan.
• Nature of transaction: derivative/compensation award (deferred stock units), not a market buy or sale.

Context Deferred stock units are common director compensation and represent a right to receive shares later (typically upon leaving the board), so they do not immediately change the circulating share count. Such awards are routine director pay and should be interpreted as compensation rather than a direct bullish or bearish trading signal.