Donna L. DeCarolis - 09 Dec 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: 09 Dec 2021
Net transactions value: -$145,352
Form type: 4
Filing time: 13 Dec 2021, 15:53:40 UTC
Previous filing: 06 Dec 2021
Next filing: 15 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		+2,108	+2.9%		75,505	09 Dec 2021	Direct	F1
transaction	NFG	Common Stock	Tax liability	$65,228	-1,048	-1.4%	$62.24	74,457	09 Dec 2021	Direct	F2
transaction	NFG	Common Stock	Options Exercise		+2,425	+3.3%		76,882	10 Dec 2021	Direct	F1
transaction	NFG	Common Stock	Tax liability	$80,124	-1,289	-1.7%	$62.16	75,593	10 Dec 2021	Direct	F3
holding	NFG	Common Stock						21,782	09 Dec 2021	401K Trust	F4
holding	NFG	Common Stock						266	09 Dec 2021	ESOP Trust	F5

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	Options Exercise	$0	-2,108	-50%	$0.000000	2,108	09 Dec 2021	Common Stock	2,108		Direct	F1, F6
transaction	NFG	Restricted Stock Units	Options Exercise	$0	-2,425	-33%	$0.000000	4,851	10 Dec 2021	Common Stock	2,425		Direct	F1, F7

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	On December 9, 2021, the reporting person had 1,048 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of restricted stock units. 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 10, 2021, the reporting person had 1,289 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of restricted stock units. 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 10,2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F5	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 December 10, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6	On December 9, 2019, the reporting person was granted 6,323 restricted stock units, vesting as follows: 2,107 on December 9, 2020, 2,108 on December 9, 2021, and 2,108 on December 9, 2022.
F7	On December 10, 2020, the reporting person was granted 7,276 restricted stock units, vesting as follows: 2,425 on December 10, 2021, 2,425 on December 10, 2022, and 2,426 on December 10, 2023.