Klein Dale E. 4

What Happened Dale E. Klein, a director of Southern Company (SO), was granted 464.205 deferred stock units (DSUs) on 2026-04-01 as an award under the company's director compensation program. The filing values the grant at $96.94 per share, for a total reported value of $45,000. This was an awarded/derivative grant (transaction code A), a routine equity retainer rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-02 (timely).
• Amount: 464.205 deferred stock units; per-share value used in filing: $96.94; total value reported: $45,000.
• Shares owned after transaction: not specified in this Form 4.
• Footnotes:
  • Grant represents a quarterly director equity retainer under the 2021 Equity and Incentive Compensation Plan and was deferred under the Deferred Compensation Plan for Outside Directors (F1).
  • Each deferred stock unit equals the right to one share and will be settled in shares following termination of board service as elected by the director; there is no exercise or expiration date (F2).
  • The amount includes additional DSUs from the plan’s dividend reinvestment feature (F3).
• Transaction type: Award/Grant of derivative units (not a purchase or sale).

Context Deferred stock units are a form of compensation that converts to shares at a future settlement event (commonly after leaving the board) and are typically routine for non-employee directors. Because this is a deferred award (not an open-market buy or sale), it should be viewed as compensation rather than a direct signal of the director’s short‑term market view.