Company: SOJE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000092122-25-000036
Chunk: 80

Company: SOUTHERN CO
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 80
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 | If not otherwise eligible for payment, if the program is still in effect, prorated at the greater of target or average payout over three most recent fiscal years |
| PSUs*                         |     | Generally not affected                                                                                                                                                             
 If Company does not survive, vest at target and convert to surviving company’s securities; if cannot convert, pay value in cash                                                    |     | For impacted subsidiary employees, vest at target and convert to surviving company’s securities; if cannot convert, pay value in cash                     |     | Vest at target                                                                                                                                                    |
| PRSUs*                        |     | Generally not affected                                                                                                                                                             
 If Company does not survive, vest and convert to surviving company’s securities; if cannot convert, pay value in cash                                                              |     | For impacted subsidiary employees, vest                                                                                                                   |     | Vest                                                                                                                                                              |
| Financial Planning Perquisite |     | Not affected                                                                                                                                                                       |     | Not affected                                                                                                                                              |     | Terminates                                                                                                                                                        |
| Severance Benefits            |     | Not applicable                                                                                                                                                                     |     | Not applicable                                                                                                                                            |     | Two or (for the CEO) three times the sum of base salary and PPP (at the greater of target or average payout over three most recent fiscal years)                  |
| Benefits                      |     | Not applicable                                                                                                                                                                     |     | Not applicable                                                                                                                                            |     | Up to five years participation in group plan plus payment of three years’ premium amounts                                                                         |
| Outplacement Services         |     | Not applicable                                                                                                                                                                     |     | Not applicable                                                                                                                                            |     | Up to six months                                                                                                                                                  |

* Certain equity awards held by NEOs as of December 31, 2024 were granted prior to August 15, 2022 and as a result, are subject to the terms of the Benefits Protection Plan and Severance Plan as in effect prior to the recent restatement. Treatment of equity awards granted on or after August 15, 2022 upon a CIC is described below.

#### DCP, SBP, SBP-P and SERP
Upon the NEO’s death or disability, amounts that were deferred under the DCP or SBP may be paid in lump sum at the discretion of the Company’s Benefit Administration Committee. Upon a separation from service within two years following a Company CIC or a Subsidiary CIC, benefits deferred under the DCP or SBP on or after January 1, 2005 are generally payable in lump sum.

The benefit accrued under the SERP and SBP-P as of a change in control vests