ATO insider update: CEO reports RSU vesting and tax withholding

Rhea-AI Filing Summary

Atmos Energy (ATO) reported insider activity by its President & CEO and Director on 11/04/2025. The executive acquired 32,297 shares of common stock (Code M) at $172.96 from the vesting of performance-based restricted stock units under the company’s long-term incentive plan, and disposed of 12,709 shares (Code F) at $172.96 to satisfy tax withholding.

Following these transactions, direct beneficial ownership stood at 125,364.199 shares. Indirect holdings were 13,036.202 shares through the Atmos Energy Corporation Retirement Savings Plan and Trust as of November 1, 2025.

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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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^*

AKERS JOHN K

(Last) (First) (Middle)

5430 LBJ FREEWAY

(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
X	Officer (give title below)		Other (specify below)
	PRESIDENT & CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2025

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
Common Stock	11/04/2025		M		32,297(1)	A	$172.96	138,073.199	D
Common Stock	11/04/2025		F		12,709(2)	D	$172.96	125,364.199	D
Common Stock								13,036.202(3)	I	By Retirement Savings Plan and Trust

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

Explanation of Responses:

1. Vesting of award of performance based restricted stock units pursuant to the 1998 Long-Term Incentive Plan of the Company (the "Plan").

2. Shares withheld pursuant to a tax withholding obligation under the Plan.

3. To update end of period holdings as of November 1, 2025, under the Atmos Energy Corporation Retirement Savings Plan and Trust.

	/s/Suzanne Johnson by POA	11/05/2025
	** 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) report?

The President & CEO and Director reported acquiring 32,297 shares (Code M) and disposing of 12,709 shares (Code F) on 11/04/2025.

What was the price associated with the ATO transactions?

Both the acquisition and disposition were reported at $172.96 per share.

Why were 12,709 ATO shares disposed?

They were withheld to satisfy tax obligations related to the award vesting under the company’s plan.

What plan governed the ATO share vesting?

The award vested pursuant to the company’s 1998 Long-Term Incentive Plan.

How many ATO shares does the insider own after the transactions?

Direct beneficial ownership is 125,364.199 shares. Indirect holdings are 13,036.202 shares via the Retirement Savings Plan and Trust as of November 1, 2025.

What roles does the reporting person hold at ATO?

The reporting person is both a Director and the President & CEO.