Donna L. DeCarolis - 10 Nov 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
President - NFG Dist. Corp.
Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
10 Nov 2021
Net transactions value
-$15,072
Form type
4
Filing time
12 Nov 2021, 13:05:33 UTC
Next filing
06 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise $110,180 +2,000 +3.1% $55.09 66,121 10 Nov 2021 Direct
transaction NFG Common Stock Disposed to Issuer $110,198 -1,858 -2.8% $59.31 64,263 10 Nov 2021 Direct F1
transaction NFG Common Stock Tax liability $3,203 -54 -0.08% $59.31 64,209 10 Nov 2021 Direct F1
transaction NFG Common Stock Options Exercise $262,042 +4,940 +7.7% $53.04 69,149 10 Nov 2021 Direct
transaction NFG Common Stock Disposed to Issuer $262,091 -4,419 -6.4% $59.31 64,730 10 Nov 2021 Direct F2
transaction NFG Common Stock Tax liability $11,803 -199 -0.31% $59.31 64,531 10 Nov 2021 Direct F2
holding NFG Common Stock 21,764 10 Nov 2021 401k Trust F3
holding NFG Common Stock 266 10 Nov 2021 ESOP Trust F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NFG Stock Appreciation Right Options Exercise $0 -2,000 -100% $0.000000* 0 10 Nov 2021 Common Stock 2,000 $55.09 Direct
transaction NFG Stock Appreciation Right Options Exercise $0 -4,940 -100% $0.000000* 0 10 Nov 2021 Common Stock 4,940 $53.04 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 10, 2021, the reporting person exercised a stock appreciation right with respect to 2,000 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 1,858 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 54 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3.
F2 On November 10, 2021, the reporting person exercised a stock appreciation right with respect to 4,940 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 4,419 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 199 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3.
F3 The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of November 10, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 The NFG employee stock ownership plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the ESOP as of November 10, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F5 On December 19, 2012, the reporting person was granted 4,940 stock appreciation rights, vesting as follows: 1,646 on December 19, 2013, 1,647 on December 19, 2014, and 1,647 on December 19, 2015.