Form 4: Atmos Energy CFO's Equity Vesting and Tax Withholding

Atmos Energy's Senior Vice President and CFO, Christopher T. Forsythe, reported the vesting of performance-based restricted stock units and subsequent tax-related share withholding.

Summary

• Christopher T. Forsythe, Senior Vice President and CFO of Atmos Energy Corp, reported transactions on November 4, 2025.
• Acquired 7,610 shares of Common Stock at a price of $172.96 per share due to the vesting of performance-based restricted stock units under the company's 1998 Long-Term Incentive Plan.
• Disposed of 2,995 shares of Common Stock at $172.96 per share to satisfy tax withholding obligations related to the vesting.
• Following these transactions, Mr. Forsythe directly beneficially owns 59,614.7064 shares of Common Stock.
• Additionally, Mr. Forsythe indirectly beneficially owns 1,422.4996 shares of Common Stock through the Atmos Energy Corporation Retirement Savings Plan and Trust, updated as of November 1, 2025.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, which are neither inherently positive nor negative for the company's operational or financial performance.

Positives

• Vesting of 7,610 performance-based restricted stock units indicates the achievement of performance targets by the company and its executives.
• The acquisition of shares by a senior executive aligns their interests with those of shareholders.

Negatives

• Disposition of 2,995 shares for tax withholding purposes reduces the executive's direct beneficial ownership, though this is a standard practice for equity compensation.

Future Outlook

Not applicable. This filing reports past transactions and does not contain forward-looking statements or guidance.

Industry Context

This is a routine insider transaction filing common across all publicly traded companies, reflecting executive compensation structures. It does not provide specific industry context or trends.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent tax withholding is a standard practice for executive equity compensation across various industries, including the utility sector where Atmos Energy operates.
• No specific comparable companies, projects, or results are mentioned in the filing for direct comparison.

Related Party Transactions

• The transactions involve an executive (Christopher T. Forsythe) and the company (Atmos Energy Corp) as part of an established compensation plan, which is a common form of related party dealing in public companies.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards aligns executive incentives with shareholder value creation. The tax withholding is a standard administrative process. Overall impact is minimal and routine.
• Employees: No direct impact on general employees.
• Customers: No direct impact on customers.
• Suppliers: No direct impact on suppliers.
• Creditors: No direct impact on creditors.

Key Dates

Keywords

Atmos Energy Corp, ATO, Form 4, insider transaction, beneficial ownership, restricted stock units, executive compensation, stock vesting, tax withholding, Christopher T. Forsythe, CFO