Form 4: Director Meador Acquires Southern Co. Deferred Stock Units
SEC Form 4 Filing
David E. Meador, a director of Southern Co., acquired deferred stock units under the company's Deferred Compensation Plan.
Summary
- On April 1, 2024, David E. Meador, a director of Southern Co., acquired 597.7496 deferred stock units under Southern's Deferred Compensation Plan.
- The price of the deferred stock units was $0.00.
- Following the transaction, Meador directly owns 3,014.2746 shares of Southern Company Common Stock.
- The deferred stock units are payable in stock only upon termination and have no exercise or expiration date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The deferred stock units are payable in stock only upon termination of employment.
Industry Context
This filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of executive compensation in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of deferred stock units. |
| 04/05/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.