GRAIN DAVID J 4

What Happened David J. Grain, a director of Southern Company (SO), was granted 854.184 deferred stock units on 2026-07-01 as a director compensation award. The units were valued at $95.12 each for a total reported value of $81,250. This was an award (transaction code A), not an open-market purchase or sale — a routine form of director pay rather than an immediate purchase of common shares.

Key Details

• Transaction date and type: 2026-07-01 — Award/grant of deferred stock units (Code A).
• Units and value: 854.184 deferred stock units at $95.12 per unit; total reported value $81,250.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes/plan details:
  • The units are deferred stock units under the Deferred Compensation Plan for Outside Directors; each unit represents the right to one share of Southern Company common stock (F1).
  • Deferred stock units are paid out in shares after the director leaves the Board as scheduled by the director — there is no exercise or expiration date (F2).
  • The grant includes additional deferred units acquired via the plan’s dividend reinvestment feature (F3).
• Filing timeliness: Reported on 2026-07-02 for a 2026-07-01 transaction — appears timely.

Context This was a compensation grant (deferred equity) for board service, a common and routine way companies pay outside directors. Deferred stock units do not immediately convert to tradable shares; they represent a future right to receive shares, typically after the director’s board service ends or per the deferral schedule. Such awards are compensation signals, not direct buys or sells of stock.