Company: SOJE
Filing Date: 2025-03-31
Form Type: PRE 14A
Source: 0000092122-25-000032
Chunk: 46

Company: SOUTHERN CO
Filing Date: 2025-03-31
Form: PRE 14A
Chunk 46
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30% and the business unit net income goal weight decreased to 20% from 25%

• The PPP program also includes an individual modifier that provides flexibility to adjust the total payout by +/- 10 percentage points based on individual performance

CEO, CFO and COO (1)

| g | 65% |     | EPS         |
| g | 35% |     | Operational |

Other NEOs (1)

| g | 45% |     | EPS           |
| g | 35% |     | Operational   |
| g | 20% |     | Business Unit 
 Net Income    |

(1) PPP program includes an individual modifier that provides the Committee with the flexibility to adjust the total payout by +/- 10 percentage points based on individual performance.

#### PPP Goal Rigor and Process Used to Set Goals
4 The Company utilizes a rigorous goal setting process that includes three Board committees:

• The Finance Committee reviews and approves the financial plan, including short-term targets and long-term objectives.

• The Operations, Environmental and Safety Committee reviews the operational goal objectives and the methodology for each of the goal benchmarks

• The Compensation and Talent Development Committee approves PPP goal stretch targets to motivate the leadership team to deliver results for customers, stockholders and employees. The Committee evaluates the PPP goals compared to internal and external expectations, industry benchmarks, as well as relative and absolute performance. The Committee also considers potential challenges and opportunities that occur each year.

4 The Committee established the financial goals for EPS and business unit net income based on the Company’s financial plan and investor growth expectations, focusing on providing regular, predictable and sustainable EPS and dividend growth

4 The Committee established the operational goals to focus on delivering clean, safe, reliable and affordable energy to our customers.

4 PPP Funding Threshold : no payout under the PPP can be made if events occur that impact the Company’s financial ability to fund the common stock dividends

#### 48Southern Company2025 Proxy Statement

### Financial Goal Setting Process
| Belief:The Committee believes that paying on adjusted EPS and business unit net income in conjunction with active Committee engagement aligns pay outcomes with stockholder interests                                                                                                                                                                                                                                                                                                                                                                                       |     |                    |     |                                 |     |                                    |
| In setting the financial goals, the Committee reviews the financial plan approved by the Finance Committee to reflect the current economic and regulatory environment and expectations for investment opportunities with the aim to deliver regular, predictable and sustainable EPS and dividend growth to stockholders over the long term.                                                                                                                                                                                                                                
 The Committee believes that setting goals in support of