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SOUTHERN CO

SO · FY2025

MISALIGNED

CEO Package

$28.2M

Pay Ratio

—

Christopher C. Womack

Pay rose +18.2% while TSR fell -11.5 pts

Constellation Energy Corp

CEG · FY2024

ALIGNED

CEO Package

$16.2M

Pay Ratio

—

Joseph Dominguez

Pay reset -17.6% while TSR improved +55.8 pts

AMERICAN ELECTRIC POWER CO INC

AEP · FY2025

MISALIGNED

CEO Package

$36.6M

Pay Ratio

—

William J. Fehrman

Pay outran TSR by +165 pts

CEOTotal Compensation — All Companies

SO$28.2MCEG$16.2MAEP$36.6M

All values are grant-date fair value as reported in proxy statements.

Key Differences

The fastest way to read this comparison before dropping into the tables.

AEP carries the largest package at $36.6M, about 2.3x CEG.
SO reads misaligned, while CEG looks aligned.

Pay Component Breakdown

Latest CEO package mix by company. This stays on the CEO package even if the chart above is showing Top 5 pay.

SO

Christopher C. Womack

$28.2M

base salary6%
stock awards49%
non-equity incentive compensation13%
other compensation1%

CEG

Joseph Dominguez

$16.2M

base salary8%
stock awards65%
non-equity incentive compensation21%
other compensation2%

AEP

William J. Fehrman

$36.6M

base salary4%
stock awards80%
non-equity incentive compensation12%
other compensation1%

Quick Comparison

CompanyCEOLatest YearTotal Comp
SOUTHERN CO(SO)Christopher C. Womack2025$28.2M
Constellation Energy Corp(CEG)N/A2025N/A
AMERICAN ELECTRIC POWER CO INC(AEP)William J. Fehrman2025$36.6M

Note: All compensation values shown are grant-date fair value as reported in proxy statements. Direct comparisons should account for differences in company size, industry, and compensation structure.

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