Form 4: Southern Company Director Akella Janaki Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Janaki Akella acquired deferred stock units in Southern Company through the company's Deferred Compensation Plan.
Summary
- Janaki Akella, a director of Southern Company, reported the acquisition of 467.6496 deferred stock units on October 1, 2024, through Southern Company's Deferred Compensation Plan.
- These units are payable in Southern Company common stock upon termination of employment.
- Following the transaction, Akella directly owns 16,762.5052 shares of Southern Company common stock.
- The price of the deferred stock units was $90.88.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| July 15, 2024 | Effective date of the Power of Attorney granted to Myra C. Bierria, Lindsay T. McClelland, Brittney Henry and J. Patrick Becker. |
| October 01, 2024 | Date of transaction: Acquisition of deferred stock units. |
| October 02, 2024 | Date of signature on the Form 4 filing. |
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