Atmos Energy Corp. reported an insider ownership change involving Edward Geiser, a board-related reporting person, in a Form 4 filed July 2, 2026, covering activity dated July 1, 2026. The filing concerns derivative securities rather than an open-market purchase or sale of Atmos Energy common stock. The securities involved are phantom stock units under Atmos Energy’s 1998 Long-Term Incentive Plan. Each phantom stock unit is economically equivalent to one share of the company’s common stock, but the units are not immediately issued common shares. According to the explanatory notes, the units are to be settled when Geiser’s service on the company’s Board ends. The filing reports additional phantom stock units credited through the plan’s dividend reinvestment feature. One reported phantom-stock holding includes 18.10 additional phantom stock units allocated since the prior filing. A second reported holding, tied to Geiser’s election to convert a portion of director fees into phantom share units, includes 8.81 additional phantom stock units allocated through the same dividend reinvestment feature. Together, the disclosed dividend reinvestment allocations total 26.91 phantom stock units. The document does not describe a market transaction, transaction price, or sale of shares, and the provided text does not show a transaction code or the full post-transaction ownership totals from the Form 4 table. The key action is an update to Geiser’s beneficial ownership of Atmos Energy derivative securities, reflecting phantom stock credits under the director compensation and long-term incentive arrangements rather than a cash purchase or disposition of ATO shares.