Sarah J. Mugel - Dec 2, 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
General Counsel and Secretary
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 2, 2021
Transactions value $
-$93,237
Form type
4
Date filed
12/6/2021, 05:55 PM
Previous filing
Nov 12, 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 Award $0 +1.97K +11.13% $0.00 19.6K Dec 2, 2021 Direct
transaction NFG Common Stock Tax liability -$44.7K -751 -3.82% $59.50 18.9K Dec 2, 2021 Direct F1
transaction NFG Common Stock Award $0 +2.14K +11.32% $0.00 21K Dec 2, 2021 Direct
transaction NFG Common Stock Tax liability -$48.6K -816 -3.88% $59.50 20.2K Dec 2, 2021 Direct F2
holding NFG Common Stock 782 Dec 2, 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 +1.93K $0.00 1.93K Dec 2, 2021 Common Stock 1.93K 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 751 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 816 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 1,928 restricted stock units, vesting as follows: 642 on December 2, 2022, 643 on December 2, 2023, and 643 on December 2, 2024.