Form 4: Atmos Energy Director Nancy K. Quinn Reports Acquisition of Phantom Stock Units

Director Nancy K. Quinn reports acquiring phantom stock units in Atmos Energy Corp through director fee conversion and dividend reinvestment.

Summary

• Nancy K. Quinn, a director of Atmos Energy Corp, reported changes in beneficial ownership.
• On March 7, 2025, Quinn acquired 1,082.947 phantom stock units at a price of $147.75 per unit.
• These units were granted under the Long-Term Incentive Plan and will be settled upon termination of service on the Company's Board.
• Quinn also holds 7,462.0435 phantom stock units, including 191.95 units from dividend reinvestment since the last filing.
• Following the reported transaction, Quinn beneficially owns 65,575.2742 phantom stock units, including 1,650.05 units from dividend reinvestment since the last filing.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director is increasing their stake in the company, which is generally a good sign. The transaction is part of a standard compensation plan.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• Dividend reinvestment indicates a continued commitment to the company's success.

Future Outlook

The phantom stock units will be settled upon the reporting person's termination of service on the Company's Board.

Industry Context

Reporting of beneficial ownership changes by company directors is a standard practice to ensure transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align director interests with shareholder value.
• Phantom stock units are a common form of deferred compensation, particularly in the utilities sector, offering directors a stake in the company's future performance without immediate dilution of existing shares.
• Companies like Southern Company and Duke Energy also utilize similar long-term incentive plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates