Company: SOJE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000092122-25-000036
Chunk: 62

Company: SOUTHERN CO
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 62
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 This three-year recovery period represents an enhancement over the clawback period under our Omnibus Plans, which allow for the recovery of award payments that are earned or accrued during the 12-month period following the first public issuance or filing that was restated.

#### Recoupment Policy
In accordance with applicable SEC rules and NYSE listing standards, Southern Company and its NYSE-listed subsidiaries adopted The Southern Company and Covered Subsidiaries Compensation Recoupment Policy (Recoupment Policy) effective as of December 1, 2023. The Recoupment Policy empowers each covered company to recover covered compensation erroneously awarded to its covered officers in the event of an accounting restatement.

#### 60Southern Company2025 Proxy Statement

### Compensation Discussion and Analysis
Peer Groups and Establishing Market-Based Compensation Levels

| Peer Group for 2024 Compensation Decisions                                                                                                                                                                                                               |     | Peer Group for Relative TSR Metric for                                                                                                                                                                                                                          
 2024-2026 Performance Period                                                                                                                                                                                                                                    |
| 4Used to determine the total direct compensation for our executives                                                                                                                                                                                      
 4Approximates the competitive market in which we compete for talent in executive and managerial roles                                                                                                                                                    
 4Consists of 19 publicly traded utility companies (subject to changes resulting from mergers and acquisitions)                                                                                                                                           
 4In partnership with Pay Governance, the Committee’s annual review focuses on large companies (at least $6 billion in revenues) with more similar businesses, including other large diversified utilities that have combined electric and gas operations 
 4We target the total direct compensation for our executives at market median of the peer group                                                                                                                                                           |     | 4Used to measure our relative TSR performance for incentive compensation                                                                                                                                                                                        
 4The peer group consists of 23 publicly traded utility companies that the Committee believes are most similar to Southern Company's business model                                                                                                              
 4The Compensation Committee considers companies that have at least 70% regulated assets and $7.5 billion in market capitalization                                                                                                                               
 4Several companies in the relative TSR peer group do not meet the revenue size requirement to be included in the compensation peer group, and some companies might not participate in the survey from which the data for the compensation peer group is derived |

| Peer Companies for BOTH:                                                    
 2024 Compensation Decisions Peer Group and2024-2026 Relative TSR Peer Group |     |                         |     |                           |
| Ameren Corporation                                                          
 American Electric Power Company, Inc.                                       
 CenterPoint Energy, Inc.                                                    
 CMS Energy Corporation