David P. Bauer - Jul 1, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Jul 1, 2022
Transactions value $
-$130,210
Form type
4
Date filed
7/5/2022, 04:36 PM
Previous filing
Mar 15, 2022
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +5.41K +7.56% 77K Jul 1, 2022 Direct F1
transaction NFG Common Stock Tax liability -$130K -1.95K -2.53% $66.74 75K Jul 1, 2022 Direct F2
holding NFG Common Stock 12.6K Jul 1, 2022 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 -5.41K -50% $0.00 5.41K Jul 1, 2022 Common Stock 5.41K 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 July 1, 2022, the reporting person had 1,951 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 July 1, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 On July 1, 2019, the reporting person was granted restricted stock units, vesting as follows: 5,410 on July 1, 2022, and 5,411 on July 1, 2023.