Form 4: Donald M. James Reports Acquisition of Southern Company Stock Under Deferred Compensation Plan
SEC Form 4 Filing
Director Donald M. James acquired 551.9481 shares of Southern Company stock on July 1, 2024, through the company's Deferred Compensation Plan.
Summary
- On July 1, 2024, Donald M. James, a director of Southern Company, acquired 551.9481 shares of Southern Company common stock.
- The acquisition was made through Southern Company's Deferred Compensation Plan.
- These shares are payable in stock only upon termination of employment.
- The price of the deferred stock units holding was $0.
- Following the transaction, James directly owns 188,746.4085 shares of Southern Company common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation plan.
Positives
- The acquisition of shares through the Deferred Compensation Plan indicates James' continued investment in the company's future.
Future Outlook
The acquired shares are payable in stock only upon termination of employment, suggesting a long-term investment perspective.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of Southern Company stock through Deferred Compensation Plan. |
| 07/03/2024 | Date of report signature. |
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