Form 4: Southern Company Director Shantella E. Cooper Reports Acquisition of Deferred Stock Units
SEC Form 4 Filing
Director Shantella E. Cooper acquired deferred stock units in Southern Company through the company's Deferred Compensation Plan.
Summary
- On April 1, 2024, Shantella E. Cooper, a director of Southern Company, acquired 1,019.6906 deferred stock units under the company's Deferred Compensation Plan.
- These units are payable in stock only upon termination of employment.
- The price of the deferred stock units was $0.00.
- Following the transaction, Cooper directly owns 24,080.0506 shares of Southern Company common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a director's participation in the company's compensation plan, indicating confidence in the company's future.
Positives
- The acquisition of deferred stock units demonstrates Cooper's continued investment in the company's future.
Future Outlook
The deferred stock units will be payable in stock upon termination of employment.
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 |
|---|---|
| 2023/10/17 | Effective date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2024/04/01 | Date of transaction: Acquisition of deferred stock units. |
| 2024/04/05 | Date of signature on the Form 4 filing. |
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