Justin I. Loweth - Dec 2, 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Pres - Seneca Resources
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 2, 2021
Transactions value $
-$139,744
Form type
4
Date filed
12/6/2021, 05:43 PM
Previous filing
Sep 22, 2021
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 $2.15K +42 +0.21% $51.19 20.4K Jul 16, 2021 Direct F1
transaction NFG Common Stock Other $2.21K +38 +0.19% $58.29 20.4K Oct 15, 2021 Direct F1
transaction NFG Common Stock Award $0 +4.76K +23.29% $0.00 25.2K Dec 2, 2021 Direct
transaction NFG Common Stock Tax liability -$69K -1.16K -4.6% $59.50 24K Dec 2, 2021 Direct F2
transaction NFG Common Stock Award $0 +5.18K +21.54% $0.00 29.2K Dec 2, 2021 Direct
transaction NFG Common Stock Tax liability -$75.1K -1.26K -4.32% $59.50 28K Dec 2, 2021 Direct F3
holding NFG Common Stock 8.72K Dec 2, 2021 401K Trust F4
holding NFG Common Stock 225 Dec 2, 2021 Held by Spouse
holding NFG Common Stock 300 Dec 2, 2021 Held by Son
holding NFG Common Stock 200 Dec 2, 2021 Held by Daughter

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 +9.2K $0.00 9.2K Dec 2, 2021 Common Stock 9.2K 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 1,160 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 1,262 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 9,195 restricted stock units, vesting as follows: 3,065 on December 2, 2022, 3,065 on December 2, 2023, and 3,065 on December 2, 2024.