Thomas Lizanne 4
4 · SOUTHERN CO · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Southern Co (SO) Director Thomas Lizanne Receives Award
What Happened
Thomas Lizanne, a director of Southern Company (SO), was granted 473.087 deferred stock units (reported as a derivative acquisition) on July 1, 2026. The award is valued at $45,000 based on a per-unit price of $95.12. This was an equity retainer payment under the company’s director compensation arrangements, not an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-07-01 — Grant/Award (code A) of 473.087 deferred stock units at $95.12/unit; total reported value $45,000.
- Instrument: Deferred stock units (derivative) that each represent the right to one share of Southern Company common stock (Footnote F1).
- Settlement: Units are deferred and will be settled in shares upon the reporting person’s termination of Board service as specified by the Deferred Compensation Plan; there is no exercise or expiration date (Footnote F2).
- Dividends: The reported amount includes additional deferred stock units acquired via the plan’s dividend reinvestment feature (Footnote F3).
- Shares owned after transaction: Not specified in the provided filing.
- Filing timeliness: Reported on 2026-07-02 for a 2026-07-01 transaction — appears timely (filed within one business day).
Context
This transaction reflects routine director compensation being deferred into stock units rather than a market buy or sale. Deferred stock units are a form of compensation and are commonly used to align director interests with shareholders; they do not indicate an immediate cash purchase or sale of shares.
Insider Transaction Report
- Award
Deferred Stock Units Holding
[F1][F2][F3]2026-07-01$95.12/sh+473.087$45,000→ 7,757.686 totalExercise: $0.00→ Southern Company Common Stock (473.087 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.