Thomas Lizanne 4

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.