EARLEY ANTHONY F JR 4

What Happened
Anthony F. Earley Jr., a director of Southern Company (SO), was granted deferred stock units on 2026-07-01 as director compensation. He received 473.087 deferred stock units at an implied value of $95.12 each ($45,000) and 229.973 deferred stock units at $95.12 each ($21,875), totaling 703.06 units valued at $66,875. These were recorded as grants/awards (derivative securities), not open-market purchases or sales.

Key Details

• Transaction date: 2026-07-01; filing date: 2026-07-02 (appears timely).
• Grant details: 473.087 units @ $95.12 = $45,000; 229.973 units @ $95.12 = $21,875; total 703.06 units worth $66,875.
• Transaction code: A (award/grant, derivative).
• Shares owned after transaction: Not specified in this filing.
• Footnotes summary:
  • F1/F2: Units are deferred stock units under the Deferred Compensation Plan; each unit equals the right to one share and is settled in shares after the director leaves the board.
  • F3: Units may include dividend reinvestment.
  • F4–F6: Separate phantom stock units (cash-settled) relate to deferred cash retainers and dividend credits (not the grants above).

Context
These grants are routine director compensation (deferred equity) rather than a market purchase or sale, and typically reflect standard retainer deferral elections. Deferred stock units are derivative rights to receive stock at settlement (usually after board service ends) and do not represent immediate share ownership or a prompt bullish signal.