Atmos Energy director awarded phantom stock units

GARZA RAFAEL G reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 03/10/2026 - 04:59 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

GARZA RAFAEL G reported acquisition or exercise transactions in this Form 4 filing.

ATMOS ENERGY CORP director Rafael G. Garza reported an award of 920.260 phantom stock units linked to Atmos common shares. The units, priced at $184.73 per unit, were granted under the 1998 Long-Term Incentive Plan and will be settled when he leaves the Board, bringing his total phantom units to 22,665.866.

Insider Trade Summary

Grant/Award: 920.26 shares

Grant/Award 1 txn

Insider GARZA RAFAEL G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	920.26	$184.73	$170K

Holdings After Transaction: Phantom Stock Units — 22,665.866 contracts (Direct)

Holdings Before and After: Phantom Stock Units, 21,745.606 to 22,665.866 contracts (Direct)

Footnotes (2)

1. F1. Each unit of phantom stock is equivalent to one share of the Company's common stock.
2. F2. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Atmos Energy (ATO) director Rafael G. Garza report on this Form 4?

Rafael G. Garza reported receiving 920.260 phantom stock units tied to Atmos Energy common stock. These units were granted under the company’s 1998 Long-Term Incentive Plan and will be settled when he terminates service on the company’s Board of Directors.

How many Atmos Energy phantom stock units were granted to Rafael G. Garza?

He was granted 920.260 phantom stock units, each equivalent to one share of Atmos Energy common stock. This award increased his total phantom stock unit balance to 22,665.866 units as disclosed in the filing after the reported transaction.

At what price were Rafael G. Garza’s Atmos Energy phantom stock units recorded?

The phantom stock units were recorded at $184.73 per unit on the transaction date. This per-unit figure is used in the Form 4 disclosure for the 920.260 units granted under the company’s 1998 Long-Term Incentive Plan to the director.

When will Rafael G. Garza’s Atmos Energy phantom stock units be settled?

The phantom stock units are scheduled to be settled when Rafael G. Garza’s service on Atmos Energy’s Board ends. Settlement is therefore tied to his termination of Board service under the terms of the 1998 Long-Term Incentive Plan described in the disclosure.

What does each Atmos Energy phantom stock unit represent for Rafael G. Garza?

Each phantom stock unit is equivalent to one share of Atmos Energy common stock. This means Garza’s 920.260 new units mirror 920.260 common shares economically under the plan, without representing current issued shares, as described in the Form 4 footnotes.

How many total Atmos Energy phantom stock units does Rafael G. Garza hold after this grant?

Following the grant, Rafael G. Garza holds 22,665.866 phantom stock units in total. This figure reflects his entire reported phantom stock position after adding the 920.260 units awarded on the transaction date disclosed in the Form 4 filing.

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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^*

GARZA RAFAEL G

(Last) (First) (Middle)

5430 LBJ FREEWAY

1800 III LINCOLN CENTRE

(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	22,665.866	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.
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