Company: ATO
Filing Date: 2025-12-09
Form Type: PRE 14A
Source: 0000731802-25-000061
Chunk: 41

Company: ATMOS ENERGY CORP
Filing Date: 2025-12-09
Form: PRE 14A
Chunk 41
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. The HR Committee believes that share ownership promotes better alignment of the interests of our management team members with those of our shareholders, and it monitors compliance with the ownership guidelines each year. All of our named executive officers are in compliance with our share ownership guidelines. Minimum ownership levels are as follows:

| Position                                       |     | Minimum Ownership Level |
| President and CEO                              |     | 7X base salary value    |
| Other Named Executive Officers                 |     | 3X base salary value    |
| Ownership Sources Included                     |     |                         |
| •Direct or indirect ownership of Company stock 
 •Unvested time-based RSUs                      |     |                         |

#### Clawback Policy
Our Board has adopted an executive compensation recoupment policy consistent with the requirements of Securities Exchange Act of 1934, as amended (the “Exchange Act”) Rule 10D-1 and the NYSE listing standards thereunder, to help ensure that incentive compensation is paid based on accurate financial and operating data, and the correct calculation of performance against incentive targets. Our policy addresses recoupment of amounts from performance-based awards paid to all corporate officers, including awards under the Incentive Plan and LTIP, in the event of a financial restatement to the extent that the payout for such awards would have been less, and allows recoupment of incentive-based compensation, including time-based and performance-based RSUs, in the event that fraud, or intentional, willful, or gross misconduct contributed to the need for a financial restatement.

#### Anti-Hedging and Pledging Policy
Our Insider Trading Policy prohibits our directors and employees (including officers) from engaging in transactions that hedge or offset, or are designed to hedge or offset, any decrease in the market value of Company stock including engaging in short sales or trading in options, puts, calls, or other derivative instruments related to Company stock or debt. The policy also prohibits directors and executive officers from pledging Company stock, borrowing against an account in which Company stock is held, or trading Company stock on margin.

#### Equity Grant Timing
Annual equity awards granted to our named executive officers have recently been granted at our regularly scheduledHR Committee meeting in May.Starting in fiscal 2025, these annual equity awards will be granted at our regularly scheduled HR Committee meeting in February. The HR Committee did nottake material nonpublic information into account when determining the timing and terms of equity awards granted in fiscal 2025, and the Company does nottime the disclosure of material nonpublic information for the purpose