Company: SOJE
Filing Date: 2025-03-31
Form Type: PRE 14A
Source: 0000092122-25-000032
Chunk: 48

Company: SOUTHERN CO
Filing Date: 2025-03-31
Form: PRE 14A
Chunk 48
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 and maximum goals with Company performance expectations.                                                        |

### 2024 Financial Performance

### Financial Goal Achievement for 2024 PPP
We exceeded the financial goals set by the Committee for 2024 on an adjusted basis.

| Financial Goals                            |     |       | Threshold 
 ($)       |     |       | Target 
 ($)    |     |       | Maximum 
 ($)     | Result(1) 
 ($)       |       |     | Calculated  
 Achievement 
 (%)         |     |   |
| EPS                                        |     |  3.80 |           |     |  4.00 |        |     |  4.20 |         |           |  4.05 |     |             | 176 | % |
| Alabama Power Net Income (millions)        |     | 1,289 |           |     | 1,420 |        |     | 1,490 |         |           | 1,430 |     |             | 125 | % |
| Georgia Power Net Income (millions)        |     | 2,250 |           |     | 2,475 |        |     | 2,580 |         |           | 2,541 |     |             | 184 | % |
| Southern Company Gas Net Income (millions) |     |   646 |           |     |   713 |        |     |   765 |         |           |   740 |     |             | 179 | % |

#### Southern Company2025 Proxy Statement49
(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