STOCK TITAN

Atmos Energy (NYSE: ATO) director boosts deferred pay with phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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."
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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*
Geiser Edward

(Last)(First)(Middle)
5430 LBJ FREEWAY
SUITE 1800

(Street)
DALLAS TEXAS 75240

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
ATMOS ENERGY CORP [ ATO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units(1) (2) (2)Common Stock3,062.38953,062.3895(3)D
Phantom Deferred Compensation(1)04/01/2026A175.5903 (4) (4)Common Stock175.5903$185.091,491.7505(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 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.
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 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.
/s/Suzanne Johnson by POA04/02/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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.