Company: SOJE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000092122-25-000036
Chunk: 47

Company: SOUTHERN CO
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 47
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580 |         |           | 2,541 |     |             | 184 | % |
| Southern Company Gas Net Income (millions) |     |   646 |           |     |   713 |        |     |   765 |         |           |   740 |     |             | 179 | % |

#### Southern Company2025 Proxy Statement49

### Compensation Discussion and Analysis
(1) In determining EPS and net income for compensation goal achievement purposes, the Committee excluded estimated loss on plants under construction, including charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries) and tax impacts; an impairment loss associated with the discontinued development of a multi-use commercial facility at Alabama Power; and accelerated depreciation related to the repowering of a wind facility at Southern Power, consistent with the adjusted EPS in the Company’s earnings announcement. For a reconciliation of EPS, as adjusted, to EPS under GAAP, see page 98 .

| Goal                     |     | Why it’s important                                                                                                                                             |     | What it measures and how we set the goal                                                                                             |
| EPS                      |     | 4Supports commitment to provide stockholders superior risk-adjusted returns and to support and grow the dividend                                               
 4Increased goal weighting for 2024 reflects the Company's emphasis on acting as One Team and improving collaboration and consistency across the business units |     | 4The Company’s net income from ongoing business activities divided by average shares outstanding during the year                     
 4EPS target is consistent with our business plan and aligned with the midpoint of our publicly-announced guidance range for the year |
| Business Unit Net Income |     | 4Supports delivery of stockholder value and contributes to the Company’s sound financial policies and stable credit ratings                                    |     | 4Net income                                                                                                                          
 4Targets are consistent with our 2024 business plan                                                                                  |

#### 2024 Operational Performance

#### Operational Goal Achievement for 2024 PPP
The Company’s operational goals reflect our aim to deliver clean, safe, reliable and affordable energy to our customers. These goals also promote our sustainable business model. The following table provides a summary of the operational goals and weights for the Company’s CEO, CFO and COO. The operational goals for the other NEOs are aligned with their specific operating company and are provided later in this section.

| Customer Experience and Satisfaction Goals |     |                                                                                                                                                   |     |                                                                                                             |     |        |     |                                                                                               |     |                                                                |