Sarah J. Mugel - Dec 1, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
General Counsel and Secretary
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 1, 2022
Transactions value $
-$127,456
Form type
4
Date filed
12/5/2022, 04:26 PM
Previous filing
Dec 16, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Award $0 +2.87K +13.4% $0.00 24.3K Dec 1, 2022 Direct
transaction NFG Common Stock Tax liability -$68.3K -1.04K -4.26% $65.92 23.3K Dec 1, 2022 Direct F1
transaction NFG Common Stock Award $0 +1.86K +8% $0.00 25.1K Dec 1, 2022 Direct
transaction NFG Common Stock Tax liability -$44.2K -671 -2.67% $65.92 24.5K Dec 1, 2022 Direct F2
transaction NFG Common Stock Options Exercise +642 +2.62% 25.1K Dec 2, 2022 Direct F3
transaction NFG Common Stock Tax liability -$14.9K -232 -0.92% $64.34 24.9K Dec 2, 2022 Direct F4
holding NFG Common Stock 202 Dec 1, 2022 401K 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 Award $0 +1.88K $0.00 1.88K Dec 1, 2022 Common Stock 1.88K Direct F6, F7
transaction NFG Restricted Stock Units Options Exercise $0 -642 -33.3% $0.00 1.29K Dec 2, 2022 Common Stock 642 Direct F3, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 1, 2022, the reporting person had 1,036 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of performance shares. 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.
F2 On December 1, 2022, the reporting person had 671 shares withheld and cancelled to cover minimum required tax withholdings due to the vesting of performance shares. 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 Restricted stock units convert into common stock on a one-for-one basis.
F4 On December 2, 2022, the reporting person had 232 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.
F5 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 2, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6 Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F7 On December 1, 2022, the reporting person was granted 1,878 restricted stock units, vesting as follows: 626 on December 1, 2023, 626 on December 1, 2024, and 626 on December 1, 2025.
F8 On December 2, 2021, the reporting person was granted 1,928 restricted stock units, vesting as follows: 642 on December 2, 2022, 643 on December 2, 2023, and 643 on December 2, 2024.