Martin A. Krebs - Dec 9, 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 9, 2021
Transactions value $
-$29,482
Form type
4
Date filed
12/13/2021, 04:00 PM
Previous filing
Dec 6, 2021
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +580 +21.94% 3.22K Dec 9, 2021 Direct F1
transaction NFG Common Stock Tax liability -$13.8K -222 -6.89% $62.24 3K Dec 9, 2021 Direct F2
transaction NFG Common Stock Options Exercise +660 +21.99% 3.66K Dec 10, 2021 Direct F1
transaction NFG Common Stock Tax liability -$15.7K -252 -6.88% $62.16 3.41K Dec 10, 2021 Direct F3
holding NFG Common Stock 1.02K Dec 9, 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 Options Exercise $0 -580 -50% $0.00 580 Dec 9, 2021 Common Stock 580 Direct F1, F5
transaction NFG Restricted Stock Units Options Exercise $0 -660 -33.3% $0.00 1.32K Dec 10, 2021 Common Stock 660 Direct F1, F6
* 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 222 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 252 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 On December 9, 2019, the reporting person was granted 1,739 restricted stock units, vesting as follows: 579 on December 9, 2020, 580 on December 9, 2021, and 580 on December 9, 2022.
F6 On December 10, 2020, the reporting person was granted 1,982 restricted stock units, vesting as follows: 660 on December 10, 2021, 661 on December 10, 2022, and 661 on December 10, 2023.