Atmos Energy (ATO) director receives new phantom stock unit grant under incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
YOHO FRANK H reported acquisition or exercise transactions in this Form 4 filing.
ATMOS ENERGY CORP director Frank H. Yoho received a grant of 920.260 phantom stock units on the company’s common stock. Each phantom unit is equivalent to one share of common stock and was valued at $184.73 per unit for reporting purposes.
After this award, Yoho holds 9,313.2966 phantom stock units. The units were granted under the company’s 1998 Long-Term Incentive Plan and are scheduled to be settled in shares of common stock when his service on the company’s Board ends, making this a non-cash, deferred equity-based compensation grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
YOHO FRANK H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 920.26 | $184.73 | $170K |
Holdings After Transaction:
Phantom Stock Units — 9,313.297 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.
FAQ
What did Atmos Energy (ATO) director Frank H. Yoho report in this Form 4?
Frank H. Yoho reported receiving 920.260 phantom stock units tied to Atmos Energy common stock. This is a non-cash equity-based compensation grant that increases his holdings to 9,313.2966 phantom units under the company’s long-term incentive plan.
What are the key details of the phantom stock grant to the Atmos Energy (ATO) director?
The grant covers 920.260 phantom stock units, each equivalent to one Atmos Energy common share, valued at $184.73 per unit for reporting. The award was issued under the 1998 Long-Term Incentive Plan as part of the director’s deferred equity compensation.
How many Atmos Energy (ATO) phantom stock units does Frank H. Yoho hold after this transaction?
Following the grant, Frank H. Yoho holds 9,313.2966 phantom stock units. These units track the value of Atmos Energy’s common stock and represent deferred equity compensation rather than current ownership of tradable shares in the open market.
When will the phantom stock units granted to the Atmos Energy (ATO) director be settled?
The phantom stock units will be settled when Frank H. Yoho’s service on Atmos Energy’s Board terminates. At that time, the units are to be paid out in shares of common stock, turning this deferred award into actual equity ownership.
Under which plan were the Atmos Energy (ATO) phantom stock units granted to the director?
The phantom stock units were granted under Atmos Energy’s 1998 Long-Term Incentive Plan. This plan is designed to provide equity-based compensation to directors and other participants, aligning their interests with long-term shareholder value through stock-linked awards.