Ronald C. Kraemer - Mar 23, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
M. W. Reville, Attorney in Fact
Stock symbol
NFG
Transactions as of
Mar 23, 2022
Transactions value $
-$21,371
Form type
4
Date filed
3/24/2022, 04:48 PM
Previous filing
Dec 22, 2021
Next filing
May 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Other $126 +2 +0% $63.24 46.8K Jan 14, 2022 Direct
transaction NFG Common Stock Options Exercise $254K +4.78K +10.21% $53.05 51.6K Mar 23, 2022 Direct
transaction NFG Common Stock Disposed to Issuer -$254K -3.87K -7.5% $65.52 47.7K Mar 23, 2022 Direct F1
transaction NFG Common Stock Tax liability -$21.5K -328 -0.69% $65.52 47.4K Mar 23, 2022 Direct F1
holding NFG Common Stock 16.9K Mar 23, 2022 401k Trust F2
holding NFG Common Stock 4.05K Mar 23, 2022 ESOP 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 Stock Appreciation Right Options Exercise $0 -4.78K -100% $0.00* 0 Mar 23, 2022 Common Stock 4.78K $53.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 23, 2022, the reporting person exercised a stock appreciation right with respect to 4,780 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 3,870 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 328 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.
F2 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 March 23, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F3 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 March 23, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 On December 19, 2012, the reporting person was granted 4,780 stock appreciation rights, vesting as follows: 1,593 on December 19, 2013, 1,593 on December 19, 2014, and 1,594 on December 19, 2015.