Atmos Energy Senior VP J. Matt Robbins Vests Performance RSUs and Disposes Shares for Tax Withholding

Executive Summary

On November 4, 2026, Atmos Energy Corp ($ATO) filed a Form 4 detailing equity transactions by J. Matt Robbins, Senior Vice President of Human Resources. The transactions, which occurred on November 3, 2026, involved the vesting of performance-based restricted stock units (RSUs) and a subsequent withholding of shares to cover tax liabilities.

Transaction Details

1. Vesting of Performance-Based RSUs (Code M):

   • Shares Acquired: 8,990 shares of Common Stock
   • Price per Share: $173.49 (fair market value at vesting)
   • Gross Transaction Value: $1,559,675.10
   • Nature: Direct ownership

2. Shares Withheld for Taxes (Code F):

   • Shares Disposed: 3,538 shares of Common Stock
   • Price per Share: $173.49
   • Gross Transaction Value: $613,807.62
   • Nature: Direct ownership

3. Indirect Holdings:

   • Robbins indirectly holds 2,967.1268 shares via the Atmos Energy Corporation Retirement Savings Plan and Trust, updated as of October 1, 2026.

Following these transactions, Robbins directly holds 31,318.083 shares of Atmos Energy common stock.

Market Significance & Analysis

The reported activity is rated Low in trading significance. Both transactions were non-discretionary and routine: the acquisition represents the vesting of long-term incentive awards granted under the company's 1998 Long-Term Incentive Plan, and the disposition was solely to satisfy mandatory tax withholding requirements. There is no indication of open-market selling or a change in the executive's underlying market sentiment toward Atmos Energy.