Company: ATO
Filing Date: 2025-11-14
Form Type: 10-K
Source: 0000731802-25-000056
Chunk: 126

Company: ATMOS ENERGY CORP
Filing Date: 2025-11-14
Form: 10-K
Item: Item 8
Chunk 126
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 vest after completing one year of service. Participants may elect a salary reduction up to a maximum of 65 percent of eligible compensation, as defined by the Retirement Savings Plan, not to exceed the maximum allowed by the Internal Revenue Service. Participants who contribute less than 10 percent will have their contribution percent increased by one percent annually until a 10 percent salary deferral rate is achieved, unless the participant opts out of this election. We match 100 percent of a participant’s contributions, limited to five percent of the participant’s salary. Effective January 1, 2026, the matching contribution will be increased to a limit of six percent of the participant's salary. Additionally, employees hired on or after October 1, 2010 receive a fixed annual contribution of four percent of eligible earnings. The Retirement Savings Plan also contains an elective Roth deferral feature. Finally, participants are permitted to take out a loan against their accounts subject to certain restrictions.Matching and fixed annual contributions to the Retirement Savings Plan are expensed as incurred and amounted to $34.3 million, $26.8 million and $23.9 million for fiscal years 2025, 2024, and 2023. At September 30, 2025 and 2024, the Retirement Savings Plan held 1.1 percent and 1.2 percent of our outstanding common stock.

12.    Stock and Other Compensation Plans

Stock-Based Compensation PlansTotal stock-based compensation cost was $33.2 million, $25.4 million, and $23.7 million for the fiscal years ended September 30, 2025, 2024, and 2023. Of this amount, $20.5 million, $14.7 million, and $13.5 million was capitalized.1998 Long-Term Incentive PlanWe have the 1998 Long-Term Incentive Plan (LTIP), which provides a comprehensive, long-term incentive compensation plan providing for discretionary awards of incentive stock options, non-qualified stock options, stock appreciation rights, bonus stock, time-lapse restricted stock, time-lapse restricted stock units, performance-based restricted stock units, and stock units to certain employees and non-employee directors of the Company and our subsidiaries. The objectives of this plan include attracting and retaining the best available personnel and providing for additional performance incentives by providing employees with the opportunity to acquire common stock. We are authorized to grant awards up to a maximum cumulative amount of 13.2 million shares of common stock under this plan subject