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Atmos Energy (NYSE: ATO) senior advisor exercises RSUs, withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

ATMOS ENERGY CORP Senior Advisor Karen E. Hartsfield exercised restricted stock units that converted into 2,815 shares of common stock, while 1,042 shares were withheld to cover tax obligations under the company’s long-term incentive plan. After these routine compensation-related entries, she directly holds about 32,986 common shares, plus additional indirect holdings through a retirement savings plan and 4,195 remaining restricted stock units representing future rights to receive common stock.

Positive

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Negative

  • None.
Insider HARTSFIELD KAREN E
Role Senior Advisor
Type Security Shares Price Value
Exercise Restricted Stock Unit 2,815 $0.00 --
Exercise Common Stock 2,815 $189.74 $534K
Tax Withholding Common Stock 1,042 $189.74 $198K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 4,195 shares (Direct, null); Common Stock — 34,027.716 shares (Direct, null); Common Stock — 1,873.867 shares (Indirect, By Retirement Savings Plan and Trust)
Footnotes (1)
  1. Shares withheld pursuant to a tax withholding obligation under the 1998 Long-Term Incentive Plan (the "Plan".) To update end of period holdings as of May 1, 2026 under the Atmos Energy Corporation Retirement Savings Plan and Trust. Each restricted share unit represents a contingent right to receive one share of the Company's common stock. The restricted share units vested and were delivered to the reporting person three years from date of grant pursuant to the Plan.
RSUs converted 2,815 shares Restricted stock units converting into Atmos Energy common stock
Shares withheld for taxes 1,042 shares Tax withholding under the 1998 Long-Term Incentive Plan
Direct common shares after transactions 32,985.7159 shares Direct holdings following Form 4 transactions
Indirect retirement plan shares 1,873.8666 shares Held via Retirement Savings Plan and Trust as of May 1, 2026
Remaining restricted stock units 4,195 units RSUs outstanding after vesting and delivery event
Reference share price $189.74 per share Price per share used in Form 4 common stock entries
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and footnote describing contingent right"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"Shares withheld pursuant to a tax withholding obligation under the 1998 Long-Term Incentive Plan"
1998 Long-Term Incentive Plan financial
"tax withholding obligation under the 1998 Long-Term Incentive Plan (the "Plan")"
Retirement Savings Plan and Trust financial
"holdings as of May 1, 2026 under the Atmos Energy Corporation Retirement Savings Plan and Trust"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for restricted stock units"
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*
HARTSFIELD KAREN E

(Last)(First)(Middle)
5430 LBJ FREEWAY
1800 III LINCOLN CENTRE

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior Advisor
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/02/2026
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
Common Stock05/02/2026M2,815A$189.7434,027.7159D
Common Stock05/02/2026F1,042(1)D$189.7432,985.7159D
Common Stock1,873.8666(2)IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(3)05/02/2026M2,815 (4) (4)Common Stock2,815$04,195D
Explanation of Responses:
1. Shares withheld pursuant to a tax withholding obligation under the 1998 Long-Term Incentive Plan (the "Plan".)
2. To update end of period holdings as of May 1, 2026 under the Atmos Energy Corporation Retirement Savings Plan and Trust.
3. Each restricted share unit represents a contingent right to receive one share of the Company's common stock.
4. The restricted share units vested and were delivered to the reporting person three years from date of grant pursuant to the Plan.
/s/Suzanne Johnson by POA05/04/2026
** 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 Karen E. Hartsfield do in this Atmos Energy (ATO) Form 4?

Karen E. Hartsfield exercised restricted stock units for 2,815 Atmos Energy shares. As part of this compensation event, some shares were withheld to pay taxes, and she increased her direct equity exposure while retaining additional unconverted restricted stock units.

How many Atmos Energy shares were withheld for taxes in this Form 4?

The filing shows 1,042 Atmos Energy common shares were withheld to satisfy tax obligations. This is coded as an F transaction, meaning it is not an open-market sale but a withholding tied to the compensation-related share delivery.

How many Atmos Energy shares did Hartsfield receive from exercising awards?

Hartsfield’s restricted stock units converted into 2,815 Atmos Energy common shares. These shares came from the vesting and delivery of previously granted awards, reflecting compensation rather than an open-market purchase of stock.

What are Karen E. Hartsfield’s Atmos Energy direct share holdings after the Form 4?

After these transactions, Hartsfield directly holds 32,985.7159 Atmos Energy common shares. This figure reflects her position following both the restricted stock unit conversion and the tax-withholding share disposition reported in the Form 4.

Does Karen E. Hartsfield have indirect Atmos Energy holdings through a retirement plan?

Yes. The Form 4 shows 1,873.8666 Atmos Energy shares held indirectly through the Atmos Energy Corporation Retirement Savings Plan and Trust, updating end-of-period holdings as of early May 2026 under that retirement plan.

How many restricted stock units does Hartsfield still hold after these Atmos Energy transactions?

Following the reported vesting, Hartsfield holds 4,195 restricted stock units. Each restricted stock unit represents a contingent right to receive one Atmos Energy common share, providing additional potential future equity once those units vest and are delivered.