Company: SOJE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000092122-25-000036
Chunk: 63

Company: SOUTHERN CO
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 63
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 Dominion Energy, Inc.                                                       
 DTE Energy Company                                                          |     | Duke Energy Corporation 
 Edison International    
 Entergy Corporation     
 Exelon Corporation      
 Eversource Energy       
 FirstEnergy Corp.       |     | PPL Corporation           
 Public Service Enterprise 
 Group Incorporated        
 Sempra Energy             
 WEC Energy Group, Inc.    
 Xcel Energy Inc.          |

| Additional Peer Companies for          
 2024 Compensation Decisions Peer Group |     | Additional Peer Companies for     
 2024-2026 Relative TSR Peer Group |
| NextEra Energy, Inc.                   
 PG&E Corporation                       |     | Alliant Energy Corporation        
 Consolidated Edison, Inc.         
 Evergy, Inc.                      
 Fortis Energy Services            
 NiSource Inc.                     
 Pinnacle West Capital Corporation |

#### Southern Company2025 Proxy Statement61

### Compensation Discussion and Analysis
Other Compensation and Governance Inputs, Policies and Practices

Role of the Compensation and Talent Development Committee

4 The Compensation Committee is responsible for overseeing the development and administration of our compensation and benefits policies and programs as well as the review and approval of all aspects of our executive compensation programs.

4 The Compensation Committee is supported in its work by the Human Resources Department, the Finance Committee (financial goals), the Operations, Environmental and Safety Committee (operational goals) and its independent compensation consultant.

| Setting Pay and Evaluating Performance                              |     | Monitoring and Oversight                                                                                       |
| 4Review CEO performance                                             
 4Set target compensation for CEO and executive officers             
 4Approve pay for performance payouts and long-term incentive grants 
 4Variable pay plan design for following year                        |     | 4Review utility industry trends, say-on-pay vote                                                               
 4Annual compensation risk assessment                                                                           
 4Approve base pay merit budget for following year                                                              
 4Monitor variable pay payout projections                                                                       
 4Review reports on human capital management matters, including employee engagement and leadership development  
 4Review reports on risks to workforce, including job market trends, external pressures and economic conditions |

#### Role of the CEO
4 The CEO makes recommendations to the Compensation Committee regarding other executive officers with respect to base salary adjustments, PPP targets and individual performance achievement payouts and LTI targets. These recommendations are based upon market data provided by the independent compensation consultant, the CEO’s assessment of each executive officer’s performance, the performance of the individual’s respective business or function and employee retention considerations.

4 The Compensation Committee considers the CEO’s recommendations in approving the compensation for the other executive officers. However, the Compensation Committee