Company: ATO
Filing Date: 2025-12-19
Form Type: DEF 14A
Source: 0000731802-25-000076
Chunk: 58

Company: ATMOS ENERGY CORP
Filing Date: 2025-12-19
Form: DEF 14A
Chunk 58
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 the value of the projected age 65 monthly benefit assuming level future earnings from date of disability; and

• the RSP plan benefit equal to the account balance at the time of disability.

Termination Upon Retirement. At September 30, 2025, Mr. Akers, Mr. McDill, and Ms. Hartsfield were eligible for retirement. The SERP benefit at retirement is the lump sum benefit based on a target benefit of 60% of final average earnings (base salary plus annual payment under the Incentive Plan) less an offset for the benefits to be paid from the tax-qualified PAP which would be reduced if retirement were to occur prior to age 62 or if the service period at the Company were less than ten years. In addition, the following benefits are payable at retirement:

• the Account Balance SERP plan benefit is equal to the account balance at the time of retirement;

• the PAP plan benefit is equal to the account balance at the time of retirement; and

• the RSP plan benefit is equal to the account balance at the time of retirement.

Termination Upon Change in Control. The SERP benefit upon termination following a change in control is equal to the same retirement benefits described above with respect to “Termination Upon Retirement,” with the following additional provisions:

• there is no reduction applied to the earned benefit in the event that the named executive officer has less than 10 years of service;

• there is no reduction applied to the earned benefit for early commencement prior to age 62; and

• the named executive officer is immediately vested in the accrued benefit.

In addition, the following benefits are payable upon termination following a change in control:

• the Account Balance SERP plan benefit is equal to the account balance at the time of termination pursuant to a change in control;

• the PAP benefit includes the accrued benefit at the time of termination plus an additional three years of earned compensation credits; and

• the RSP benefit includes the accrued benefit at the time of termination plus an additional three years of Company matching contributions and three years of service credits for the FACC, if applicable.

Health and Welfare Benefits. The Company provides supplemental benefits in the form of health and welfare benefits only in the event of the termination of a named executive officer following a change in control. The supplemental health and welfare benefits reported in the “Potential Post-Employment Payment Tables” above, beginning on page 53, represent the following benefits: (i) all medical, dental, vision and any other health benefits