Company: ATO
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0000731802-25-000076
Chunk: 18

Company: ATMOS ENERGY CORP
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 18
---
 . If you wish to contact the Lead Director or the independent directors on an anonymous and confidential basis, you may do so by contacting the Company’s Compliance Helpline at 1-866-543-4065 or www.atmosenergy.ethicspoint.com .

#### 28Atmos Energy
| Director Compensation |

#### Annual Review of Compensation
The Company’s non-employee director compensation program reflects best practices, as follows:

• Retainer-only compensation with no fees for attending meetings, which is an expected part of Board service;

• Additional retainers for special roles such as Lead Director and Committee Chairs to recognize incremental time and effort involved;

• Equity delivered in the form of stock awards; and

• Director stock ownership requirements of five times the annual cash retainer.

Together with its independent compensation consultant, the HR Committee annually reviews the non-employee director pay program to ensure it remains competitive. As a result of this review, our annual Board retainer was moderately increased for the first time since fiscal 2023, and our annual Board equity grant was moderately increased for the first time since fiscal 2022. These increases were to align with peer compensation levels. Our Committee Chair, Chairman, and Lead Director fees remained the same for fiscal 2025 as for fiscal 2024.

#### Fiscal 2025 Annual Compensation
The Board believes that the level of non-employee director compensation should be based on Board and committee responsibilities and be competitive with comparable companies. The Board generally targets compensation near the median of our proxy peer group (discussed below). In addition, the Board believes that a significant portion of non-employee director compensation should be awarded in the form of equity to align director interests with the long-term interests of shareholders.

In fiscal 2025, our director compensation program included the following components:

| Retainer and Fees                |     |                                                            |
| Annual Board Retainer            |     |                                                   $125,000 |
| Committee Chair Annual Fees      |     |                                              $20,000 Audit |
|                                  |     |                                    $20,000 Human Resources |
|                                  |     |                  $20,000 Nominating & Corporate Governance |
|                                  |     | $20,000 Corporate Responsibility, Sustainability, & Safety |
| Chairman of the Board Fees       |     |                                                   $100,000 |
| Lead Director Fee                |     |                                                    $30,000 |
| Annual Grant of Share Units/RSUs |     |                                                   $160,000 |

The Company provides our non-employee directors the option to receive all