Justin I. Loweth - 01 Dec 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Pres - Seneca Resources
Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
01 Dec 2022
Net transactions value
-$321,468
Form type
4
Filing time
05 Dec 2022, 16:39:55 UTC
Previous filing
20 Dec 2021
Next filing
13 Dec 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 Other $3,222 +51 +0.19% $63.17 27,451 14 Jan 2022 Direct F1
transaction NFG Common Stock Other $3,238 +46 +0.17% $70.40 27,497 15 Apr 2022 Direct F1
transaction NFG Common Stock Other $3,407 +53 +0.19% $64.28 27,550 15 Jul 2022 Direct F1
transaction NFG Common Stock Other $3,417 +54 +0.2% $63.27 27,604 14 Oct 2022 Direct F1
transaction NFG Common Stock Award $0 +9,361 +34% $0.000000 36,965 01 Dec 2022 Direct
transaction NFG Common Stock Tax liability $150,304 -2,280 -6.2% $65.92 34,685 01 Dec 2022 Direct F2
transaction NFG Common Stock Award $0 +6,064 +17% $0.000000 40,749 01 Dec 2022 Direct
transaction NFG Common Stock Tax liability $106,795 -1,620 -4% $65.92 39,129 01 Dec 2022 Direct F3
transaction NFG Common Stock Options Exercise +3,065 +7.8% 42,194 02 Dec 2022 Direct F4
transaction NFG Common Stock Tax liability $77,652 -1,207 -2.9% $64.34 40,987 02 Dec 2022 Direct F5
holding NFG Common Stock 9,230 01 Dec 2022 401K Trust F6
holding NFG Common Stock 225 01 Dec 2022 Held by Spouse
holding NFG Common Stock 300 01 Dec 2022 Held by Son
holding NFG Common Stock 200 01 Dec 2022 Held by Daughter

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 +11,239 $0.000000 11,239 01 Dec 2022 Common Stock 11,239 Direct F7, F8
transaction NFG Restricted Stock Units Options Exercise $0 -3,065 -33% $0.000000 6,130 02 Dec 2022 Common Stock 3,065 Direct F4, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
F2 On December 1, 2022, the reporting person had 2,280 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 On December 1, 2022, the reporting person had 1,620 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.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On December 2, 2022, the reporting person had 1,207 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.
F6 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.
F7 Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F8 On December 1, 2022, the reporting person was granted 11,239 restricted stock units, vesting as follows: 3,746 on December 1, 2023, 3,746 on December 1, 2024, and 3,747 on December 1, 2025.
F9 On December 2, 2021, the reporting person was granted 9,195 restricted stock units, vesting as follows: 3,065 on December 2, 2022, 3,065 on December 2, 2023, and 3,065 on December 2, 2024.