EARLEY ANTHONY F JR 4

4 · SOUTHERN CO · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Southern Co (SO) Director Anthony Earley Receives Deferred Awards

What Happened

Anthony F. Earley Jr., a director of Southern Company (SO), received director compensation granted as deferred stock/phantom units on 2026-04-01. He was granted 464.205 deferred stock units at $96.94 each (value $45,000) and 297.865 units at $96.94 each (value $28,875), for a combined grant value of $73,875.
These were awards/deferrals (not open-market purchases or sales) made under Southern’s Deferred Compensation Plan for Outside Directors and reflect routine director retainer deferrals.

Key Details

Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-02 (timely filing).
Price used for unit valuation: $96.94 per unit.
Share/unit counts and values: 464.205 units = $45,000; 297.865 units = $28,875; total = $73,875.
Shares owned after transaction: Not disclosed in this filing.
Relevant footnotes:
- F1: The 464.205 units represent a quarterly equity retainer deferred into deferred stock units (each unit = right to one share).
- F4: The 297.865 units represent a quarterly cash retainer deferred into phantom stock units (each phantom unit = right to cash value of one share).
- F2/F5: Deferred stock units settle in shares and phantom units settle in cash on dates following the director’s termination as elected; no exercise/expiration date.
- F3: The deferred stock units include additional units from dividend reinvestment.
Transaction type code: A (Award/Grant); treated as derivative awards in the filing.

Context

Deferred stock units give the reporting person the right to receive actual shares after a specified post-service settlement; phantom units deliver cash based on share value at settlement. These grants are compensatory and routine for non-employee directors and do not represent open-market buying or selling of stock.
For retail investors, such director deferrals are mainly compensation-related rather than a direct bullish or bearish trading signal.

Form 4

Period: 2026-04-01

Director

Transactions

Award
Deferred Stock Units Holding
[F1][F2][F3]
2026-04-01$96.94/sh+464.205$45,000→ 30,856.84 total
Exercise: $0.00→ Southern Company Common Stock (464.205 underlying)
Award
Phantom Stock Units
[F4][F5]
2026-04-01$96.94/sh+297.865$28,875→ 629 total
Exercise: $0.00→ Southern Company Common Stock (297.865 underlying)

Footnotes (5)

[F1]Represents quarterly director equity retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred pursuant to the Deferred Compensation Plan for Outside Directors of The Southern Company (Deferred Compensation Plan). Each deferred stock unit represents the right to receive one share of Southern Company common stock.
[F2]Deferred stock units are settled in shares of Southern Company common stock on the date(s) following the termination of the reporting person's service on the Board as specified by the reporting person pursuant to the Deferred Compensation Plan. There is no exercise or expiration date.
[F3]Includes additional deferred stock units acquired through the dividend reinvestment feature of the Deferred Compensation Plan.
[F4]Represents quarterly director cash retainer paid under the Southern Company 2021 Equity and Incentive Compensation Plan and deferred pursuant to the Deferred Compensation Plan. Each phantom stock unit represents the right to receive the cash value of one share of Southern Company common stock.
[F5]Phantom stock units are settled in cash on the date(s) following the termination of the reporting person's service on the Board as specified by the reporting person pursuant to the Deferred Compensation Plan.

Signature

/s/ Brittney Anderson, Attorney-in-Fact for Anthony F. Earley, Jr.|2026-04-02

1 file