Atmos Energy (NYSE: ATO) director receives 193 phantom stock units in fee election

Rhea-AI Filing Summary

Atmos Energy Corp. reported a director equity transaction involving phantom stock units. On 01/02/2026, the director acquired 193.1879 phantom stock units, each equivalent to one share of Atmos Energy common stock, at a reference price of $168.23 per unit. These units were received under the company’s 1998 Long-Term Incentive Plan, including an election to convert a portion of director fees into phantom stock and additional units credited through a dividend reinvestment feature. The phantom stock units are designed to be settled when the director’s service on the Board ends, aligning director compensation with long-term shareholder value without immediate share issuance.

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
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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^*

Geiser Edward

(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)
01/02/2026

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)							(2)	(2)	Common Stock	2,130.6857		2,130.6857(3)	D
Phantom Deferred Compensation	(1)	01/02/2026		A		193.1879		(4)	(4)	Common Stock	193.1879	$168.23	1,309.1189(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 12.65 phantom stock units resulting from the 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 6.62 phantom stock units resulting from a dividend reinvestment feature of the Plan which were allocated to reporting person's account since last filing.

	/s/Suzanne Johnson by POA	01/05/2026
	** 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 insider transaction did Atmos Energy (ATO) disclose in this Form 4?

Atmos Energy disclosed that a director acquired 193.1879 phantom stock units on 01/02/2026 under the company’s 1998 Long-Term Incentive Plan.

How many Atmos Energy phantom stock units were involved and at what price?

The director received 193.1879 phantom stock units, with the filing showing a reference price of $168.23 per unit.

What does one phantom stock unit represent for Atmos Energy (ATO)?

Each phantom stock unit is equivalent to one share of Atmos Energy common stock, according to the explanation of responses.

Under what plan were the Atmos Energy phantom stock units granted?

The phantom stock units were granted under Atmos Energy’s 1998 Long-Term Incentive Plan, which also includes a dividend reinvestment feature.

When will the Atmos Energy phantom stock units be settled for the director?

The filing states that the phantom stock units are to be settled upon the director’s termination of service on Atmos Energy’s Board.

How do dividend reinvestments affect the director’s Atmos Energy phantom stock units?

The filing notes that the director’s phantom stock balance includes additional units credited through a dividend reinvestment feature of the plan.