Form 4: Director James O. Etheredge Acquires Southern Company Stock

Director James O. Etheredge acquired 464.2047 deferred stock units as part of his quarterly director equity retainer.

Summary

• Director James O. Etheredge received 464.2047 deferred stock units on April 1, 2026.
• The units were issued as part of the quarterly director equity retainer under the 2021 Equity and Incentive Compensation Plan.
• The transaction was valued at $96.94 per unit.
• Following this transaction, the director holds a total of 2,389.7934 deferred stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation with no impact on company operations.

Positives

• Director alignment with shareholder interests through equity-based compensation.
• Continued participation in the company's deferred compensation plan for outside directors.

Future Outlook

The deferred stock units will be settled in shares of Southern Company common stock following the termination of the director's service on the Board.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation, reflecting standard corporate governance practices for large-cap utility companies.

Comparison to Industry Standards

• The use of deferred stock units for director compensation is a standard practice among S&P 500 utility companies to ensure long-term alignment.
• The structure of the grant is consistent with typical equity incentive plans for board members at peer companies like Duke Energy or NextEra Energy.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard director compensation event.

Next Steps

• The director will continue to hold these units until the termination of their board service.

Key Dates

Keywords

Southern Company, SO, Director Transaction, Form 4, Equity Compensation, Insider Trading