YOHO FRANK H 4

What Happened
Frank H. Yoho, a director of Atmos Energy Corp (ATO), was granted 920.26 phantom stock units on 2026-03-06. The units were valued at $184.73 each for a total grant value of approximately $170,000. This was an award (derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (filing appears timely — within the 2-business-day requirement).
• Award: 920.26 phantom stock units at $184.73 per unit; total value ≈ $170,000.
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnotes: (1) Each phantom stock unit equals one share of common stock. (2) Units were granted under the 1998 Long‑Term Incentive Plan and will be settled upon the reporting person's termination of service on the Board.
• Transaction type/code: A = Award/Grant (derivative instrument).

Context
Phantom stock units are a form of deferred/derivative compensation that track the value of common shares but typically settle in cash or stock at a later date (here, upon board service termination). Because this is an awarded long‑term incentive to a director, it does not represent an immediate market purchase or sale and should be interpreted as routine compensation rather than a direct bullish or bearish trade.