Form 4: Atmos Energy Corp Executive Karen Hartsfield Reports Stock Transactions
SEC Form 4 Filing
Karen Hartsfield, a Senior VP at Atmos Energy Corp, reported the vesting and delivery of restricted stock units, along with associated tax withholding transactions.
Summary
- On May 3, 2024, Karen Hartsfield, a Senior VP at Atmos Energy Corp, reported transactions involving Atmos Energy Corp common stock.
- Hartsfield exercised 3,215 restricted stock units at a price of $0, acquiring 3,215 shares of common stock.
- Simultaneously, 1,264 shares were withheld to cover tax obligations at a price of $119.09 per share.
- Following these transactions, Hartsfield directly owns 23,639.7159 shares of Atmos Energy Corp common stock.
- Hartsfield also indirectly owns 1,592.2035 shares through the Atmos Energy Corporation Retirement Savings Plan and Trust as of May 1, 2024.
- The reported transactions were executed under the company's stock plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a standard part of compensation packages in publicly traded companies like Atmos Energy Corp.
- Similar filings are regularly made by executives at comparable companies such as CenterPoint Energy, ONE Gas, and Southwest Gas.
- The vesting and exercise of restricted stock units are common incentives used to align executive interests with shareholder value.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
- Employees participating in the Retirement Savings Plan and Trust are indirectly affected by the plan's holdings.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | End of period holdings update for Atmos Energy Corporation Retirement Savings Plan and Trust |
| 05/03/2024 | Date of transaction: Exercise of restricted stock units and tax withholding |
| 05/06/2024 | Date of signature on the Form 4 filing |
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