Company: SOJE
Filing Date: 2025-03-31
Form Type: PRE 14A
Source: 0000092122-25-000032
Chunk: 53

Company: SOUTHERN CO
Filing Date: 2025-03-31
Form: PRE 14A
Chunk 53
---
 through a combination of PSUs and PRSUs.

#### 2024-2026 Long-Term Equity Incentive Program
Long-term performance-based awards are intended to promote long-term success and increase stockholder value by directly tying a substantial portion of the NEOs’ total compensation to the interests of stockholders.

|                                                                                                                                                                          |     |                                                               |     | Weighting      |     |            |
| Metric(s)                                                                                                                                                                |     |                                                               |     | CEO, CFO & COO |     | Other NEOs |
| PSUs - Relative TSR & Consolidated ROE                                                                                                                                   
 Earned solely on achievement of pre-established performance goals over 2024-2026 performance period Potential payout of 0-200% based on actual level of goal achievement |     | •Relative TSR measured against an industry peer group         
 •Consolidated Southern Company ROE                            |     | 65%            |     | 70%        |
| PSUs - GHG Reduction Metric                                                                                                                                              
 Earned solely on achievement of pre-established three-year performance metrics aligned with Company’s fleet transition to support our GHG reduction goals                |     | •Quantitative metric of cumulative MW change                  
 •Qualitative modifier                                         |     | 10%            |     | N/A        |
| PRSUs - Cash from Operations Goal                                                                                                                                        
 Earned if 2024 cash from operations exceeds 2023 dividends. If earned, vest over three-year period                                                                       |     | •Cash from operations must exceed prior year’s dividends paid |     | 25%            |     | 30%        |

4 If earned, LTI awards are settled in common stock. Accrued dividend equivalent units (DEUs) are received only if the underlying LTI award is earned and paid out.

4 The number of shares granted was determined by using the target value divided by the closing price of common stock on the date the Committee approved the grant (January 31, 2024). PSU awards with performance tied to relative TSR are valued in the Summary Compensation Table and Grants of Plan-Based Awards Table using a Monte Carlo analysis, resulting in amounts that differ from what is shown in this CD&A. For more information on the valuation of those PSUs and the Monte Carlo value, see the footnotes following the Summary Compensation Table and the Grants of Plan-Based Awards Table.

#### 2024-2026 Performance Share Unit Award
The PSU award includes financial and market-based performance goals over the three-year performance period from 2024 to 2026