Atmos Energy (NYSE: ATO) director adds phantom stock via fee deferral

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ATMOS ENERGY CORP director Edward Geiser reported a compensation-related change in his deferred equity holdings. He received 187.9455 units of Phantom Deferred Compensation, each economically equivalent to one share of Atmos Energy common stock, at a reference price of $172.9230 per unit.

The phantom units were credited under the company’s 1998 Long-Term Incentive Plan based on an election to convert a portion of his director fees and through a dividend reinvestment feature. These awards are not current stock purchases or sales and will be settled in shares of common stock only when his service on the company’s Board ends.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Geiser Edward

Role null

Type	Security	Shares	Price	Value
Grant/Award	Phantom Deferred Compensation	187.946	$172.923	$33K
holding	Phantom Stock Units	--	--	--

Holdings After Transaction: Phantom Deferred Compensation — 1,688.503 shares (Direct, null); Phantom Stock Units — 3,080.487 shares (Direct, null)

Footnotes (1)

Each unit of phantom stock is equivalent to one share of the Company's common stock. The phantom stock units were granted under the 1998 Long-Term Incentive Plan (the "Plan") and are to be settled upon the reporting person's termination of service on the Company's Board. Includes 18.10 phantom stock units resulting from a dividend reinvestment feature of the Plan which were allocated to reporting person's account since last filing. The phantom share units were received pursuant to an election to convert a portion of the reporting person's director fees under the Plan and are to be settled upon the reporting person's termination of service on the Company's Board of Directors. Includes 8.81 phantom stock units resulting from the dividend reinvestment feature of the Plan which were allocated to reporting person's account since last filing.

Key Figures

Phantom deferred units granted: 187.9455 units Reference price per phantom unit: $172.9230 per unit Phantom deferred units after grant: 1,688.5031 units +3 more

6 metrics

Phantom deferred units granted 187.9455 units Grant of Phantom Deferred Compensation units on 2026-07-01

Reference price per phantom unit $172.9230 per unit Price used for Phantom Deferred Compensation grant

Phantom deferred units after grant 1,688.5031 units Total Phantom Deferred Compensation units following transaction

Phantom stock units outstanding 3,080.4873 units Phantom Stock Units equivalent to common shares, direct holding

Dividend phantom stock addition 18.10 units Phantom stock units from dividend reinvestment since last filing

Dividend phantom deferred addition 8.81 units Phantom deferred compensation units from dividend reinvestment

Key Terms

Phantom Stock Units, Phantom Deferred Compensation, 1998 Long-Term Incentive Plan, dividend reinvestment feature, +1 more

5 terms

Phantom Stock Units financial

"Each unit of phantom stock is equivalent to one share of the Company's common stock."

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

Phantom Deferred Compensation financial

"Phantom Deferred Compensation units were received pursuant to an election to convert a portion of the reporting person's director fees."

1998 Long-Term Incentive Plan financial

"The phantom stock units were granted under the 1998 Long-Term Incentive Plan (the "Plan")."

dividend reinvestment feature financial

"Includes phantom stock units resulting from a dividend reinvestment feature of the Plan."

director fees financial

"The phantom share units were received pursuant to an election to convert a portion of the reporting person's director fees."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:54 PM Accepted by SEC EDGAR 07/02/2026 - 04:54 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Geiser Edward

(Last)

(First)

(Middle)

5430 LBJ FREEWAY

SUITE 1800

(Street)

DALLAS

TEXAS

75240

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ATMOS ENERGY CORP [ ATO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾							⁽²⁾	⁽²⁾	Common Stock	3,080.4873		3,080.4873⁽³⁾	D
Phantom Deferred Compensation	⁽¹⁾	07/01/2026		A		187.9455		⁽⁴⁾	⁽⁴⁾	Common Stock	187.9455	$172.923	1,688.5031⁽⁵⁾	D

Explanation of Responses:

1. Each unit of phantom stock is equivalent to one share of the Company's common stock.

2. The phantom stock units were granted under the 1998 Long-Term Incentive Plan (the "Plan") and are to be settled upon the reporting person's termination of service on the Company's Board.

3. Includes 18.10 phantom stock units resulting from a dividend reinvestment feature of the Plan which were allocated to reporting person's account since last filing.

4. The phantom share units were received pursuant to an election to convert a portion of the reporting person's director fees under the Plan and are to be settled upon the reporting person's termination of service on the Company's Board of Directors.

5. Includes 8.81 phantom stock units resulting from the dividend reinvestment feature of the Plan which were allocated to reporting person's account since last filing.

	/s/Suzanne Johnson by POA	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Atmos Energy (ATO) director Edward Geiser report in this Form 4?

He reported a grant of 187.9455 Phantom Deferred Compensation units, tied to Atmos Energy common stock, credited under the 1998 Long-Term Incentive Plan as part of his director compensation and fee deferral elections.

Are the Atmos Energy (ATO) phantom units an open-market stock purchase or sale?

No, the phantom units are compensation-related, not an open-market trade. They reflect deferred director fees and dividend reinvestments under the company’s 1998 Long-Term Incentive Plan, economically tracking Atmos Energy common stock for future settlement.

When will Edward Geiser’s Atmos Energy phantom stock units be settled?

The phantom stock and deferred compensation units are scheduled to be settled upon Geiser’s termination of service on Atmos Energy’s Board, meaning he receives the linked common stock only when his board tenure ends.

How many Atmos Energy phantom deferred compensation units does Geiser hold after this filing?

After the reported grant, Geiser holds 1,688.5031 units of Phantom Deferred Compensation, each equivalent to one Atmos Energy common share, in addition to his separate phantom stock unit position under the same long-term plan.

What are Atmos Energy phantom stock units and deferred compensation units?

Each phantom unit is economically equivalent to one Atmos Energy common share. They are bookkeeping entries under the 1998 Long-Term Incentive Plan that track share value and dividends, with actual stock delivered later instead of current cash or share payments.

How do dividends affect Atmos Energy phantom unit balances for directors?

The plan includes a dividend reinvestment feature. Since the prior filing, 18.10 phantom stock units and 8.81 phantom deferred compensation units were added to Geiser’s account, mirroring dividends that would have been paid on equivalent Atmos Energy shares.