David P. Bauer - 19 Dec 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
President and CEO, Director
Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
19 Dec 2021
Transactions value $
-$57,510
Form type
4
Filing time
20 Dec 2021, 16:36:49 UTC
Previous filing
13 Dec 2021
Next filing
15 Mar 2022
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 +1.73K +2.5% 71.2K 19 Dec 2021 Direct F1
transaction NFG Common Stock Tax liability -$57.5K -922 -1.29% $62.38 70.3K 19 Dec 2021 Direct F2
holding NFG Common Stock 12.3K 19 Dec 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 Options Exercise $0 -1.73K -100% $0.00* 0 19 Dec 2021 Common Stock 1.73K Direct F1, F4
* 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 19, 2021, the reporting person had 922 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 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 17, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 On December 19, 2018, the reporting person was granted 5,200 restricted stock units, vesting as follows: 1,733 on December 19, 2019, 1,733 on December 19, 2020, and 1,734 on December 19, 2021.