Atmos Energy (NYSE: ATO) director boosts deferred pay with phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATMOS ENERGY CORP director Edward Geiser received an equity-based award tied to the company’s stock. He acquired 175.5903 units of Phantom Deferred Compensation, each equivalent to one share of common stock, at a reference value of $185.09 per unit, bringing this phantom balance to 1,491.7505 units.
He also holds 3,062.3895 Phantom Stock Units linked to common shares. These units, granted under the 1998 Long-Term Incentive Plan and partially created by converting director fees and reinvesting dividends, are scheduled to be settled when his service on the board ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Geiser Edward
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Deferred Compensation | 175.59 | $185.09 | $33K |
| holding | Phantom Stock Units | -- | -- | -- |
Holdings After Transaction:
Phantom Deferred Compensation — 1,491.751 shares (Direct);
Phantom Stock Units — 3,062.39 shares (Direct)
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 11.55 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 7.10 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 Compensation grant: 175.5903 units
Reference value per phantom unit: $185.09 per unit
Phantom Deferred Compensation balance: 1,491.7505 units
+3 more
6 metrics
Phantom Deferred Compensation grant
175.5903 units
Units acquired as grant/award tied to common stock
Reference value per phantom unit
$185.09 per unit
Price associated with 175.5903-unit grant
Phantom Deferred Compensation balance
1,491.7505 units
Total units following the transaction
Phantom Stock Units holding
3,062.3895 units
Units equivalent to common shares, held directly
Dividend reinvestment addition (phantom units)
11.55 units
Phantom stock units from dividend reinvestment since last filing
Dividend reinvestment addition (share units)
7.10 units
Phantom share units from dividend reinvestment since last filing
Key Terms
Phantom Deferred Compensation, Phantom Stock Units, 1998 Long-Term Incentive Plan, dividend reinvestment feature, +1 more
5 terms
Phantom Deferred Compensation financial
"Security title is listed as "Phantom Deferred Compensation" for the grant."
Phantom Stock Units financial
"A separate line item reports holdings of "Phantom Stock Units"."
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.
1998 Long-Term Incentive Plan financial
"The phantom stock units were granted under the 1998 Long-Term Incentive Plan."
dividend reinvestment feature financial
"Includes phantom stock units resulting from a dividend reinvestment feature of the Plan."
convert a portion of the reporting person's director fees financial
"Units were received pursuant to an election to convert a portion of director fees."
FAQ
What did Atmos Energy (ATO) director Edward Geiser report in this Form 4?
Director Edward Geiser reported receiving 175.5903 units of Phantom Deferred Compensation tied to Atmos Energy common stock, valued at $185.09 per unit. He also disclosed a total holding of 3,062.3895 Phantom Stock Units that track the company’s share price.
How many phantom units tied to Atmos Energy (ATO) stock does Edward Geiser now hold?
After this filing, Edward Geiser holds 1,491.7505 Phantom Deferred Compensation units and 3,062.3895 Phantom Stock Units. Each unit is equivalent to one share of Atmos Energy common stock, giving him deferred, share-linked compensation rather than immediate stock ownership.
Are the Atmos Energy (ATO) phantom stock units an open-market stock purchase or sale?
The phantom stock units are not an open-market trade; they are compensation-linked units under Atmos Energy’s 1998 Long-Term Incentive Plan. Some units come from converting director fees and from a dividend reinvestment feature that allocates additional phantom units over time.
When will Edward Geiser’s Atmos Energy (ATO) phantom units be settled?
The phantom stock units and related phantom deferred compensation are scheduled to be settled when Edward Geiser’s service on Atmos Energy’s board ends. Until that termination of service, the units remain as deferred, share-linked obligations under the company’s long-term incentive plan.
How were additional Atmos Energy (ATO) phantom units added since the last filing?
The filing notes that 11.55 phantom stock units and 7.10 phantom share units were added through a dividend reinvestment feature in the plan. Dividends credited on the underlying stock are reinvested into extra phantom units in Geiser’s account.