Atmos Energy (NYSE: ATO) director awarded 920 phantom stock units

Rhea-AI Filing Summary

Coogler Mitzi H reported acquisition or exercise transactions in this Form 4 filing.

ATMOS ENERGY CORP director Mitzi H. Coogler received a grant of 920.2600 phantom stock units, each tied to one share of common stock. The award was recorded at a reference price of $184.7300 per unit and was issued as a compensation grant, not an open-market purchase.

The phantom stock units were granted under the company’s 1998 Long-Term Incentive Plan and will be settled when Coogler’s service on the Board ends. Following this award, her reported phantom stock unit balance is 920.2600 units, aligning her compensation more closely with shareholder value over her board tenure.

Insights

Equity Compensation Analyst

Routine board compensation grant of phantom stock units.

Director Mitzi H. Coogler was granted 920.2600 phantom stock units, each economically equivalent to a share of ATMOS ENERGY CORP common stock, at a reference value of $184.7300 per unit. The filing shows this as an acquisition via grant, not a market trade.

The units were issued under the 1998 Long-Term Incentive Plan and are to be settled after Coogler’s termination of board service. Because this is a standard equity-based compensation award with no open-market buying or selling, it carries limited signaling value about short-term views on the stock.

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

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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^*

Coogler Mitzi H

(Last) (First) (Middle)

5430 LBJ FREEWAY

SUITE 1800

(Street)

DALLAS TX 75240

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)	03/06/2026		A		920.26		(2)	(2)	Common Stock	920.26	$184.73	920.26	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.

	/s/Suzanne Johnson by POA	03/10/2026
	** 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.
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FAQ

What did Atmos Energy (ATO) director Mitzi Coogler report in this Form 4?

Director Mitzi H. Coogler reported receiving a grant of 920.2600 phantom stock units. These units are part of her board compensation and are tied to Atmos Energy’s common stock rather than reflecting any open-market purchase or sale of shares.

Are the phantom stock units reported by Atmos Energy (ATO) economically equivalent to common shares?

Yes. Each phantom stock unit reported by Atmos Energy for director Mitzi H. Coogler is equivalent to one share of the company’s common stock. This structure is designed to align director compensation with shareholder value without immediately issuing actual shares.

At what value were Atmos Energy (ATO) phantom stock units granted to the director?

The 920.2600 phantom stock units for director Mitzi H. Coogler were recorded at a reference price of $184.7300 per unit. This value helps determine the notional dollar amount of the grant within the company’s long-term incentive compensation framework.

Is the Atmos Energy (ATO) Form 4 grant a market purchase of stock by the director?

No. The Form 4 shows a compensation-related grant coded as an acquisition, not an open-market purchase. Mitzi H. Coogler received phantom stock units under a long-term incentive plan rather than buying or selling Atmos Energy common shares in the market.

When will Atmos Energy (ATO) settle the phantom stock units granted to the director?

The phantom stock units granted to director Mitzi H. Coogler are scheduled to be settled upon her termination of service on Atmos Energy’s Board. Settlement timing therefore depends on when her board tenure ends, as defined under the company’s compensation plan.

Under which plan were Atmos Energy (ATO) phantom stock units granted to the director?

The phantom stock units reported in the Atmos Energy Form 4 were granted under the company’s 1998 Long-Term Incentive Plan. This plan governs equity-based compensation awards designed to align directors’ and executives’ financial interests with long-term shareholder performance.