• Southern Company entered an equity distribution agreement with multiple banks to sell common stock from time to time, including via forward sale structures.
• Sales agents can place shares as agent or buy as principal; company can also use initially priced forward transactions or collared forward transactions.
• Aggregate issuance cap set at 50,000,000 shares; sales-agent commissions up to 1.00% of the sales price.
• Forward transactions initially generate no proceeds; cash is expected at future physical settlement, with cash or net share settlement possible.
• Collared forward proceeds depend on a floor and cap set from hedging-period prices; commissions up to 1.00% can reduce settlement proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Southern Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000092122-26-000046), on June 08, 2026, and is solely responsible for the information contained therein.