Form 4: Atmos Energy Corp Executive Awarded 7,500 Restricted Stock Units

Jessica Bateman Pulliam, a Senior Vice President at Atmos Energy Corp, was granted 7,500 restricted stock units on January 15, 2025, which will vest over three years.

Summary

• Jessica Bateman Pulliam, a Senior Vice President at Atmos Energy Corp, received 7,500 restricted stock units (RSUs) on January 15, 2025.
• These RSUs represent a contingent right to receive one share of Atmos Energy's common stock per unit.
• The RSUs will vest in three equal installments of 2,500 units on January 1, 2026, January 1, 2027, and January 1, 2028.
• The price of the underlying common stock at the time of the grant was $141.57 per share.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Future Outlook

The restricted stock units will vest over the next three years, incentivizing the executive's continued service and performance.

Industry Context

The granting of restricted stock units is a common practice in corporate compensation, particularly for senior executives, to align their interests with those of the shareholders and to incentivize long-term performance.

Comparison to Industry Standards

• Many companies in the utilities sector, such as Southern Company (SO) and Duke Energy (DUK), use restricted stock units as part of their executive compensation packages.
• The vesting schedule of three years is also a common practice to ensure long-term commitment from the executive.
• The value of the grant is dependent on the company's stock price, which is a standard method for aligning executive compensation with shareholder value.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock units, RSU, equity compensation, executive compensation, stock grant, vesting, Atmos Energy Corp, ATO