Atmos Energy (NYSE: ATO) director granted 920 phantom stock units

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

GARZA RAFAEL G reported acquisition or exercise transactions in this Form 4 filing.

ATMOS ENERGY CORP director Rafael G. Garza reported an award of 920.260 phantom stock units linked to Atmos common shares. The units, priced at $184.73 per unit, were granted under the 1998 Long-Term Incentive Plan and will be settled when he leaves the Board, bringing his total phantom units to 22,665.866.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider GARZA RAFAEL G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	920.26	$184.73	$170K

Holdings After Transaction: Phantom Stock Units — 22,665.866 shares (Direct)

Footnotes (1)

Each unit of phantom stock is equivalent to one share of the Company's common stock. 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.

Form 4 Insider Transactions: What Each Field Means →

03/10/2026 - 04:59 PM

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

OMB APPROVAL

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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).

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^*

GARZA RAFAEL G

(Last)

(First)

(Middle)

5430 LBJ FREEWAY

1800 III LINCOLN CENTRE

(Street)

DALLAS

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)
03/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	⁽¹⁾	03/06/2026		A		920.26		⁽²⁾	⁽²⁾	Common Stock	920.26	$184.73	22,665.866	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.

	/s/Suzanne Johnson by POA	03/10/2026
	** 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.
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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Atmos Energy (ATO) director Rafael G. Garza report on this Form 4?

Rafael G. Garza reported receiving 920.260 phantom stock units tied to Atmos Energy common stock. These units were granted under the company’s 1998 Long-Term Incentive Plan and will be settled when he terminates service on the company’s Board of Directors.

How many Atmos Energy phantom stock units were granted to Rafael G. Garza?

He was granted 920.260 phantom stock units, each equivalent to one share of Atmos Energy common stock. This award increased his total phantom stock unit balance to 22,665.866 units as disclosed in the filing after the reported transaction.

At what price were Rafael G. Garza’s Atmos Energy phantom stock units recorded?

The phantom stock units were recorded at $184.73 per unit on the transaction date. This per-unit figure is used in the Form 4 disclosure for the 920.260 units granted under the company’s 1998 Long-Term Incentive Plan to the director.

When will Rafael G. Garza’s Atmos Energy phantom stock units be settled?

The phantom stock units are scheduled to be settled when Rafael G. Garza’s service on Atmos Energy’s Board ends. Settlement is therefore tied to his termination of Board service under the terms of the 1998 Long-Term Incentive Plan described in the disclosure.

What does each Atmos Energy phantom stock unit represent for Rafael G. Garza?

Each phantom stock unit is equivalent to one share of Atmos Energy common stock. This means Garza’s 920.260 new units mirror 920.260 common shares economically under the plan, without representing current issued shares, as described in the Form 4 footnotes.

How many total Atmos Energy phantom stock units does Rafael G. Garza hold after this grant?

Following the grant, Rafael G. Garza holds 22,665.866 phantom stock units in total. This figure reflects his entire reported phantom stock position after adding the 920.260 units awarded on the transaction date disclosed in the Form 4 filing.