ATMOS Energy (NYSE: ATO) CFO equity grant vests with tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ATMOS ENERGY CORP senior vice president and CFO Christopher T. Forsythe reported routine equity compensation activity. On May 2, 2026, he exercised 3,970 restricted stock units into the same number of common shares, consistent with the company’s long‑term incentive plan.
Of these shares, 1,563 were withheld at $189.74 per share to satisfy tax obligations, a non‑market disposition that does not reflect an open‑market sale. After these transactions, Forsythe directly owned 62,021.7064 common shares and held 6,220 restricted stock units. An additional 1,438.7392 common shares were reported indirectly through the Atmos Energy Corporation Retirement Savings Plan and Trust as of May 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,970 shares exercised/converted
Mixed
4 txns
Insider
Forsythe Christopher T
Role
SR VICE PRESIDENT & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 3,970 | $0.00 | -- |
| Exercise | Common Stock | 3,970 | $189.74 | $753K |
| Tax Withholding | Common Stock | 1,563 | $189.74 | $297K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 6,220 shares (Direct, null);
Common Stock — 63,584.706 shares (Direct, null);
Common Stock — 1,438.739 shares (Indirect, By Retirement Savings Plan and Trust)
Footnotes (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 stock units vested and were delivered to the reporting person three years from date of grant pursuant to the Plan.
Key Figures
RSUs exercised: 3,970 units
Shares withheld for taxes: 1,563 shares
Tax withholding price: $189.74/share
+3 more
6 metrics
RSUs exercised
3,970 units
Restricted stock units converted to common stock on May 2, 2026
Shares withheld for taxes
1,563 shares
Withheld at $189.74 per share to satisfy tax obligations
Tax withholding price
$189.74/share
Value used for withholding on 1,563 shares
Direct common shares after transactions
62,021.7064 shares
Direct ATMOS ENERGY common stock holdings following Form 4 activity
Indirect plan holdings
1,438.7392 shares
Common shares held via Retirement Savings Plan and Trust as of May 1, 2026
Outstanding RSUs after vesting
6,220 units
Remaining restricted stock units reported after 3,970 units vested
Key Terms
Restricted Stock Unit, tax withholding obligation, 1998 Long-Term Incentive Plan, Retirement Savings Plan and Trust, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted share unit represents a contingent right to receive one share"
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
"under the 1998 Long-Term Incentive Plan (the "Plan".)"
Retirement Savings Plan and Trust financial
"under the Atmos Energy Corporation Retirement Savings Plan and Trust."
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did ATMOS ENERGY CORP (ATO) report for Christopher T. Forsythe?
ATMOS ENERGY CORP reported that CFO Christopher T. Forsythe exercised 3,970 restricted stock units into common shares. As part of this vesting, 1,563 shares were withheld to cover tax obligations, and his resulting direct and indirect share and RSU holdings were updated.
What does the tax withholding transaction mean in the ATO Form 4 filing?
The Form 4 shows 1,563 shares of ATMOS ENERGY common stock were withheld at $189.74 per share. This F‑code transaction represents shares retained by the company to satisfy Forsythe’s tax liability on vesting, not an open‑market sale of stock to outside investors.
What happened to Christopher T. Forsythe’s restricted stock units at ATMOS ENERGY (ATO)?
A block of 3,970 restricted stock units vested and converted into the same number of common shares under the company’s long‑term incentive plan. Each unit represented a contingent right to one share, delivering equity compensation as the three‑year vesting period was completed.
Is the ATMOS ENERGY (ATO) CFO’s Form 4 transaction a market buy or sell?
The filing reflects equity plan activity rather than open‑market trading. Forsythe acquired shares through the vesting and conversion of restricted stock units, while shares labeled with code F were withheld by the company solely to pay tax obligations related to that vesting event.
How are indirect holdings reported for the ATMOS ENERGY (ATO) CFO in this Form 4?
Indirect ownership is reported through the Atmos Energy Corporation Retirement Savings Plan and Trust. The Form 4 updates end‑of‑period plan holdings to 1,438.7392 common shares as of May 1, 2026, reflecting retirement plan assets associated with Christopher T. Forsythe.