Michael P. Kasprzak - Dec 19, 2021 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
President NFG Midstream Co
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 19, 2021
Transactions value $
-$8,969
Form type
4
Date filed
12/20/2021, 04:46 PM
Previous filing
Dec 13, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +372 +2.24% 17K Dec 19, 2021 Direct F1
transaction NFG Common Stock Tax liability -$6.8K -109 -0.64% $62.38 16.9K Dec 19, 2021 Direct F2
transaction NFG Common Stock Options Exercise $55.1K +1K +5.92% $55.09 17.9K Dec 19, 2021 Direct
transaction NFG Common Stock Disposed to Issuer -$55.1K -884 -4.94% $62.38 17K Dec 19, 2021 Direct F3
transaction NFG Common Stock Tax liability -$2.12K -34 -0.2% $62.38 17K Dec 19, 2021 Direct F3
holding NFG Common Stock 5.76K Dec 19, 2021 401k Trust F4
holding NFG Common Stock 1.5K Dec 19, 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 -372 -100% $0.00* 0 Dec 19, 2021 Common Stock 372 Direct F1, F6
transaction NFG Stock Appreciation Right Options Exercise $0 -1K -100% $0.00* 0 Dec 19, 2021 Common Stock 1K $55.09 Direct
* 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 109 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 19, 2021, the reporting person exercised a stock appreciation right with respect to 1,000 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 884 shares is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 34 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open 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 17, 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 17, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6 On December 19, 2018, the reporting person was granted 1,114 restricted stock units, vesting as follows: 371 on December 19, 2019, 371 on December 19, 2020, and 372 on December 19, 2021.