FAULK MICHELLE 4
4 · ATMOS ENERGY CORP · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Atmos Energy (ATO) VP Michelle Faulk Exercises Options
What Happened
- Michelle Faulk, Vice President & Controller, reported exercising/conversion of derivative awards on May 2, 2026. She acquired 175 shares at $189.74 per share for a total cash cost of $33,205. Seventy shares were withheld to satisfy tax withholding under the 1998 Long-Term Incentive Plan (value ~ $13,282). The filing also reports conversion/settlement of 175 restricted share units (RSUs) that vested and were delivered (reported at $0.00 per share).
Key Details
- Transaction date: May 2, 2026; Form 4 filed May 4, 2026 (timely).
- Prices/values: 175 shares acquired at $189.74 ($33,205); 70 shares withheld for taxes at $189.74 (~$13,282); 175 RSUs settled at $0.00 (per filing presentation).
- Shares owned after the transactions: Not specified in the provided filing details.
- Footnotes of note: F2 — shares withheld for tax under the 1998 LTIP; F5 — RSUs vested and were delivered; F1 & F3 — updates to end-of-period holdings related to dividend reinvestment and retirement plan.
- Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).
Context
- This was an exercise/conversion and RSU vesting event with shares withheld to cover taxes — a routine, administrative outcome rather than an open-market sale. The net effect increased Faulk’s direct ownership by the acquired shares minus withheld shares. No filing lateness or 10% owner implications were indicated.
Insider Transaction Report
Form 4
FAULK MICHELLE
Vice President & Controller
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-05-02$189.74/sh+175$33,205→ 1,271.886 total - Tax Payment
Common Stock
[F2]2026-05-02$189.74/sh−70$13,282→ 1,201.886 total - Exercise/Conversion
Restricted Stock Unit
[F4][F5]2026-05-02−175→ 650 total→ Common Stock (175 underlying)
Holdings
- 1.421(indirect: by Retirement Savings Plan)
Common Stock
[F3]
Footnotes (5)
- [F1]To update end of period holdings as of May 1, 2026, for shares received under an automatic dividend reinvestment feature.
- [F2]Shares withheld pursuant to a tax withholding obligation under the 1998 Long-Term Incentive Plan (the "Plan".)
- [F3]To update end of period holdings as of May 1, 2026, under the Atmos Energy Corporation Retirement Savings Plan and Trust.
- [F4]Each restricted share unit represents a contingent right to receive one share of the Company's common stock.
- [F5]The restricted share units vested and were delivered to the reporting person three years from date of grant pursuant to the Plan.
Signature
/s/Suzanne Johnson by POA|2026-05-04