Director at Atmos Energy (NYSE: ATO) receives 65-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GARZA RAFAEL G reported acquisition or exercise transactions in this Form 4 filing.
ATMOS ENERGY CORP director Rafael G. Garza received a stock award of 65 shares of Common Stock. The shares were granted at a reference price of $172.923 per share under the Atmos Energy Corporation 1998 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3(d). Following this compensation-related grant, Garza directly holds 257 shares of Atmos Energy common stock. This is a routine equity award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GARZA RAFAEL G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 65 | $172.923 | $11K |
Holdings After Transaction:
Common Stock — 257 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 65 shares
Grant price per share: $172.923 per share
Shares held after transaction: 257 shares
3 metrics
Shares granted
65 shares
Equity award to director Rafael G. Garza
Grant price per share
$172.923 per share
Reference price for stock award
Shares held after transaction
257 shares
Director’s direct ownership following grant
Key Terms
1998 Long-Term Incentive Plan, Rule 16b-3(d), Common Stock, Grant, award, or other acquisition
4 terms
1998 Long-Term Incentive Plan financial
"This acquisition was made under the Atmos Energy Corporation 1998 Long-Term Incentive Plan"
Rule 16b-3(d) regulatory
"in a transaction exempt under Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did ATMOS ENERGY CORP (ATO) report for Rafael G. Garza?
ATMOS ENERGY CORP reported that director Rafael G. Garza received a grant of 65 shares of Common Stock. The award was issued as equity compensation under the company’s 1998 Long-Term Incentive Plan and is categorized as a grant or award acquisition, not an open-market trade.
At what price was Rafael G. Garza’s Atmos Energy stock award recorded?
The 65-share stock award to Rafael G. Garza was recorded at $172.923 per share. This figure reflects the transaction’s reference price used for reporting purposes under the company’s long-term incentive plan and Rule 16b-3(d) exemption for insider compensation grants.
Was Rafael G. Garza’s Atmos Energy transaction an open-market buy or sell?
The transaction was not an open-market buy or sell; it was a grant. The Form 4 uses code “A” and describes it as a grant, award, or other acquisition made under the 1998 Long-Term Incentive Plan, exempt under Rule 16b-3(d) for insider compensation.
Under which plan was Rafael G. Garza’s Atmos Energy stock award granted?
The 65-share award to Rafael G. Garza was granted under the Atmos Energy Corporation 1998 Long-Term Incentive Plan. This plan provides equity-based compensation to insiders, and the filing notes the transaction qualifies for an exemption under SEC Rule 16b-3(d).