Martin A. Krebs - Dec 2, 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role: Chief Information Officer
Signature: J. P. Baetzhold, Attorney in Fact
Stock symbol: NFG
Transactions as of: Dec 2, 2021
Transactions value $: -$65,350
Form type: 4
Date filed: 12/6/2021, 05:42 PM
Next filing: Dec 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFG	Common Stock	Other	$349	+8	+1.01%	$43.67	802	Jan 15, 2021	Direct	F1
transaction	NFG	Common Stock	Other	$353	+7	+0.87%	$50.42	809	Apr 16, 2021	Direct	F1
transaction	NFG	Common Stock	Other	$358	+7	+0.87%	$51.19	816	Jul 16, 2021	Direct	F1
transaction	NFG	Common Stock	Other	$408	+7	+0.86%	$58.29	823	Oct 15, 2021	Direct	F1
transaction	NFG	Common Stock	Award	$0	+1.41K	+171.32%	$0.00	2.23K	Dec 2, 2021	Direct
transaction	NFG	Common Stock	Tax liability	-$32K	-538	-24.09%	$59.50	1.7K	Dec 2, 2021	Direct	F2
transaction	NFG	Common Stock	Award	$0	+1.53K	+90.5%	$0.00	3.23K	Dec 2, 2021	Direct
transaction	NFG	Common Stock	Tax liability	-$34.8K	-585	-18.12%	$59.50	2.64K	Dec 2, 2021	Direct	F3
holding	NFG	Common Stock						996	Dec 2, 2021	401K 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	Restricted Stock Units	Award	$0	+1.98K		$0.00	1.98K	Dec 2, 2021	Common Stock	1.98K		Direct	F5, F6

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

Explanation of Responses:

Id	Content
F1	Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
F2	On December 2, 2021, the reporting person had 538 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	On December 2, 2021, the reporting person had 585 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.
F4	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.
F5	Restricted stock units convert into common stock on a one-for-one basis.
F6	On December 2, 2021, the reporting person was granted 1,975 restricted stock units, vesting as follows: 658 on December 2, 2022, 658 on December 2, 2023, and 659 on December 2, 2024.