STOCK TITAN

Atmos Energy (ATO) CEO exercises 16,850 RSUs; shares withheld for taxes

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

Rhea-AI Filing Summary

Atmos Energy President & CEO John K. Akers reported routine equity compensation activity. On May 2, 2026, he exercised 16,850 restricted stock units, each converting into one share of common stock under the company’s long-term incentive plan.

To satisfy tax obligations related to this vesting, 6,235 common shares were withheld, a non-market disposition that does not represent an open-market sale. After these transactions, Akers directly held 135,979.199 common shares and indirectly held 13,185.0263 common shares through the Atmos Energy Corporation Retirement Savings Plan and Trust.

Positive

  • None.

Negative

  • None.
Insider AKERS JOHN K
Role PRESIDENT & CEO
Type Security Shares Price Value
Exercise Restricted Stock Unit 16,850 $0.00 --
Exercise Common Stock 16,850 $189.74 $3.20M
Tax Withholding Common Stock 6,235 $187.74 $1.17M
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Unit — 26,365 shares (Direct, null); Common Stock — 142,214.199 shares (Direct, null); Common Stock — 13,185.026 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 stock units vested and were delivered to the reporting person three years from date of grant pursuant to the Plan.
RSUs exercised 16,850 units Restricted stock units converted to common stock on May 2, 2026
Shares withheld for taxes 6,235 shares Tax-withholding disposition under 1998 Long-Term Incentive Plan
Direct holdings after transactions 135,979.199 shares Common stock directly owned by CEO after May 2, 2026 events
Indirect holdings in savings plan 13,185.0263 shares Retirement Savings Plan and Trust holdings as of May 1, 2026
RSU derivative position after vesting 26,365.0000 units Restricted stock unit balance after reported derivative transaction
Tax-withholding price $187.7400 per share Value used for 6,235-share tax-withholding disposition
RSU conversion price $0.0000 per unit Restricted stock units converted at no exercise price
Restricted Stock Unit financial
"security_title": "Restricted Stock Unit""
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."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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*
AKERS JOHN K

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

(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
XOfficer (give title below)Other (specify below)
PRESIDENT & CEO
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 Stock05/02/2026M16,850A$189.74142,214.199D
Common Stock05/02/2026F6,235(1)D$187.74135,979.199D
Common Stock13,185.0263(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)05/02/2026M16,850 (4) (4)Common Stock16,850$026,365D
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 stock 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 Atmos Energy (ATO) CEO John Akers report in this Form 4?

John K. Akers reported routine equity compensation activity. He exercised 16,850 restricted stock units into common stock and had 6,235 shares withheld to cover tax obligations under the company’s long-term incentive plan.

How many Atmos Energy (ATO) RSUs did the CEO exercise?

The CEO exercised 16,850 restricted stock units. Each restricted stock unit converted into one share of Atmos Energy common stock under the company’s long-term incentive plan as the units vested according to their three-year schedule.

Were any Atmos Energy (ATO) shares sold on the open market?

No open-market sales were reported. The Form 4 shows 6,235 shares were withheld to satisfy tax obligations, which is classified as a tax-withholding disposition, not an open-market sale of Atmos Energy common stock.

How many Atmos Energy (ATO) shares does the CEO now hold directly?

Following the reported transactions, John K. Akers directly holds 135,979.199 shares of Atmos Energy common stock. This figure reflects his position after the RSU vesting and related share withholding for taxes.

What indirect Atmos Energy (ATO) holdings does the CEO report?

The CEO reports indirect ownership of 13,185.0263 common shares through the Atmos Energy Corporation Retirement Savings Plan and Trust. This reflects end-of-period holdings as of May 1, 2026, in that retirement savings plan.

What plan governed the Atmos Energy (ATO) RSU vesting and withholding?

The transactions occurred under Atmos Energy’s 1998 Long-Term Incentive Plan. RSUs vested after three years and were delivered as shares, with a portion withheld to cover tax obligations required upon vesting and delivery.