Atmos Energy (ATO) CEO exercises 16,850 RSUs; shares withheld for taxes
Filing Impact
Filing Sentiment
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 Trade Summary
16,850 shares exercised/converted
Mixed
4 txns
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)
- 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: 16,850 units
Shares withheld for taxes: 6,235 shares
Direct holdings after transactions: 135,979.199 shares
+4 more
7 metrics
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
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
"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.
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.
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.