Company: ATO
Filing Date: 2025-11-14
Form Type: 10-K
Source: 0000731802-25-000056
Chunk: 128

Company: ATMOS ENERGY CORP
Filing Date: 2025-11-14
Form: 10-K
Item: Item 8
Chunk 128
---
 stock units granted under the plan during the fiscal years ended September 30, 2025, 2024, and 2023: 202520242023 Number ofRestrictedUnitsWeightedAverageGrant-DateFairValueNumber ofRestrictedUnitsWeightedAverageGrant-DateFairValueNumber ofRestrictedUnitsWeightedAverageGrant-DateFairValueNonvested at beginning of year397,929 $113.78 389,957 $109.10 381,295 $105.69 Granted229,828 135.68 212,207 117.11 241,436 109.78 Vested(215,806)111.75 (201,834)108.56 (220,929)104.05 Forfeited(3,815)127.58 (2,401)115.44 (11,845)107.47 Nonvested at end of year408,136 $127.74 397,929 $113.78 389,957 $109.10 As of September 30, 2025, there was $21.6 million of total unrecognized compensation cost related to nonvested restricted stock units granted under the LTIP. That cost is expected to be recognized over a weighted average period of 1.3 years. The fair value of restricted stock vested during the fiscal years ended September 30, 2025, 2024, and 2023 was $24.0 million, $21.6 million, and $22.8 million. Other PlansDirect Stock Purchase PlanWe maintain a Direct Stock Purchase Plan, open to all investors, which allows participants to have all or part of their cash dividends paid quarterly in additional shares of our common stock. The minimum initial investment required to join the plan is $1,250. Direct Stock Purchase Plan participants may purchase additional shares of our common stock as often as weekly with voluntary cash payments of at least $25, up to an annual maximum of $100,000.Equity Incentive and Deferred Compensation Plan for Non-Employee DirectorsWe have an Equity Incentive and Deferred Compensation Plan for Non–Employee Directors, which provides non-employee directors of Atmos Energy with the opportunity to defer receipt, until retirement, of compensation for services rendered to the Company and invest deferred compensation into either a cash account or a stock account.Other Discretionary Compensation PlansWe have an annual incentive program covering substantially all employees to give each employee an opportunity