Company: SOJE
Filing Date: 2025-03-31
Form Type: PRE 14A
Source: 0000092122-25-000032
Chunk: 63

Company: SOUTHERN CO
Filing Date: 2025-03-31
Form: PRE 14A
Chunk 63
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4 Restatement: The Committee may provide for the recovery or adjustment of excessive incentive-based compensation from a covered employee if (1) there is a Restatement Trigger, and (2) the Committee determines that the covered employee committed misconduct that contributed to the noncompliance that resulted in the Restatement Trigger.

4 Detrimental Activity: The Committee may provide for the reduction, forfeiture or recovery of incentive-based compensation with respect to a covered employee if the covered employee has engaged in certain detrimental activity (such as certain misconduct or a material violation of our Code of Ethics or applicable Company policies) that results in significant financial or operational loss or serious reputational harm to the Company or its subsidiaries (Detrimental Activity Trigger)

The Clawback Policy generally allows for recovery for at least three years prior to the year in which the Committee determines that a triggering event has occurred. 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
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