Company: SOJE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000092122-25-000036
Chunk: 57

Company: SOUTHERN CO
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 57
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 Stan Connally          |     | 168%                |     |   |

### 2022-2024 Financial Goal PSU Performance
| Financial Goals |     |       | Threshold 
 (%)       |     |       | Target 
 (%)    |     |       | Maximum 
 (%)     | Result 
 (%)    |       |   | Calculated  
 Achievement 
 (%)         |     |   |
| Relative TSR    |     |    10 | %         |     |    50 | %      |     |    90 | %       |        |    77 | % |             | 168 | % |
| ROE(1)          |     | 10.00 | %         |     | 11.50 | %      |     | 13.75 | %       |        | 13.31 | % |             | 180 | % |

(1) In determining ROE for compensation goal achievement purposes for the 2022-2024 performance period, 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 (2022-2024); PowerSecure goodwill impairment (2022); acquisition and disposition impacts (2022-2023); charges associated with the extinguishment of debt (2023); earnings impacts due to regulatory disallowances at Southern Company Gas (2023); an impairment loss associated with the discontinued development of a multi-use commercial facility at Alabama Power (2024); and accelerated depreciation related to the repowering a wind facility at Southern Power (2024).

(2) At the time of the 2022-2024 long-term incentive award grant, Mr. Womack served as the CEO of Georgia Power Company and did not receive any PSUs subject to the GHG goal.

2022-2024 GHG Reduction Metric PSUs Performance (CFO & COO)

Quantitative Component

The target metric for the 2022-2024 award is a 2,777 MW change over the three-year performance period. The Company achieved 2,821 MWs of fleet transition, or 101% of target, through Plant Vogtle Unit 3 and Unit 4 being placed into service in 2023 and 2024, respectively; new solar generation placed into service at various times over the performance period; and the 2022 retirements of Plant Wansley and Plant Gadsden Unit 1.

Qualitative Component

The Committee