Atmos Energy (ATO) Form 4: 191.036 Deferred Compensation Units Added

Rhea-AI Filing Summary

Edward Geiser, a director of Atmos Energy Corp (ATO), reported a grant and holdings of phantom stock units tied to the companys common stock. The filing shows a grant dated 10/01/2025 of 191.036 phantom stock units under the companys deferred compensation election at a reported price of $170.125 per unit. The Form 4 lists total phantom stock units associated with the reporting person as 2,118.0357 and a reported post-transaction holdings figure of 1,109.3077 (as shown in the table). The filing explains that each phantom stock unit equals one share, units are granted under the 1998 Long-Term Incentive Plan, will be settled when the director leaves the Board, and include small allocations from a dividend reinvestment feature (11.11 and 4.82 units noted).

Positive

• Director converted fees into equity-linked compensation: 191.036 phantom units elected for deferred compensation on 10/01/2025
• Alignment with shareholders: Phantom units are equivalent to one share each and are settled in common stock, tying director compensation to stock performance

Negative

• None.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Geiser Edward

(Last) (First) (Middle)

5430 LBJ FREEWAY

SUITE 1800

(Street)

DALLAS TX 75240

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ATMOS ENERGY CORP [ ATO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Units	(1)							(2)	(2)	Common Stock	2,118.0357		2,118.0357(3)	D
Phantom Deferred Compensation	(1)	10/01/2025		A		191.036		(4)	(4)	Common Stock	191.036	$170.125	1,109.3077(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 11.11 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 4.82 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 POA	10/02/2025
	** Signature of Reporting Person	Date
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.
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FAQ

Who filed the Form 4 for ATO and what is their role?

The Form 4 was filed for Edward Geiser, who is identified as a director of Atmos Energy Corp.

What transaction is reported on the Form 4 dated 10/01/2025?

On 10/01/2025 the reporting person received 191.036 phantom stock units under a deferred compensation election, listed at $170.125 per unit.

How many phantom stock units does the Form 4 show the reporting person owns?

The filing lists 2,118.0357 phantom stock units associated with the reporting person and shows a reported post-transaction figure of 1,109.3077 in the table.

Under what plan were the phantom stock units granted?

The units were granted under the companys 1998 Long-Term Incentive Plan and are to be settled upon termination of Board service.

Are there any dividend-related adjustments noted?

Yes; the filing states inclusion of 11.11 and 4.82 phantom stock units allocated due to a dividend reinvestment feature of the Plan.