David P. Bauer - 02 Dec 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role: President and CEO, Director
Signature: J. P. Baetzhold, Attorney in Fact
Issuer symbol: NFG
Transactions as of: 02 Dec 2021
Net transactions value: -$398,710
Form type: 4
Filing time: 06 Dec 2021, 17:18:27 UTC
Previous filing: 12 Nov 2021
Next filing: 13 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	Award	$0	+7,999	+15%	$0.000000	60,478	02 Dec 2021	Direct
transaction	NFG	Common Stock	Tax liability	$181,534	-3,051	-5%	$59.50	57,427	02 Dec 2021	Direct	F1
transaction	NFG	Common Stock	Award	$0	+8,699	+15%	$0.000000	66,126	02 Dec 2021	Direct
transaction	NFG	Common Stock	Tax liability	$217,175	-3,650	-5.5%	$59.50	62,476	02 Dec 2021	Direct	F2
holding	NFG	Common Stock						12,309	02 Dec 2021	401K Trust	F3

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	Restricted Stock Units	Award	$0	+19,164		$0.000000	19,164	02 Dec 2021	Common Stock	19,164		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 2, 2021, the reporting person had 3,051 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of performance shares. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
F2	On December 2, 2021, the reporting person had 3,650 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of performance shares. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the 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 December 2, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4	Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F5	On December 2, 2021, the reporting person was granted 19,164 restricted stock units, vesting as follows: 6,388 on December 2, 2022, 6,388 on December 2, 2023, and 6,388 on December 2, 2024.