Martin A. Krebs - 01 Dec 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Chief Information Officer
Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
01 Dec 2022
Net transactions value
-$355,158
Form type
4
Filing time
05 Dec 2022, 17:06:00 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 $1,642 +26 +0.72% $63.17 3,625 14 Jan 2022 Direct F1
transaction NFG Common Stock Other $1,619 +23 +0.63% $70.40 3,648 15 Apr 2022 Direct F1
transaction NFG Common Stock Other $1,736 +27 +0.74% $64.28 3,675 15 Jul 2022 Direct F1
transaction NFG Common Stock Other $1,772 +28 +0.76% $63.27 3,703 14 Oct 2022 Direct F1
transaction NFG Common Stock Award $0 +2,942 +79% $0.000000 6,645 01 Dec 2022 Direct
transaction NFG Common Stock Award $0 +1,906 +29% $0.000000 8,551 01 Dec 2022 Direct
transaction NFG Common Stock Disposed to Issuer $319,595 -4,848 -57% $65.92 3,703 01 Dec 2022 Direct F2
transaction NFG Common Stock Options Exercise +658 +18% 4,361 02 Dec 2022 Direct F3
transaction NFG Common Stock Disposed to Issuer $42,332 -658 -15% $64.34 3,703 02 Dec 2022 Direct F4
holding NFG Common Stock 1,298 01 Dec 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 +1,932 $0.000000 1,932 01 Dec 2022 Common Stock 1,932 Direct F6, F7
transaction NFG Deferred Stock Units Award +4,848 4,848 01 Dec 2022 Common Stock 4,848 Direct F2, F8, F9
transaction NFG Restricted Stock Units Options Exercise $0 -658 -33% $0.000000 1,317 02 Dec 2022 Common Stock 658 Direct F3, F10
transaction NFG Deferred Stock Units Award +658 +14% 5,506 02 Dec 2022 Common Stock 658 Direct F4, F8, 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.
F10 On December 2, 2021, the reporting person was granted 1,975 restricted stock units, vesting as follows: 658 on December 2, 2022, 658 on December 2, 2023, and 659 on December 2, 2024.
F2 In connection with the vesting on December 1, 2022 of performance shares previously granted to the reporting person, the reporting person's receipt of 4,848 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,848 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,848 shares of common stock in exchange for an equal number of deferred stock units.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 In connection with the vesting on December 2, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 658 shares of common stock was deferred, resulting in the reporting person's receipt instead of 658 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 658 shares of common stock in exchange for an equal number of deferred stock units.
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 1,932 restricted stock units, vesting as follows: 644 on December 1, 2023, 644 on December 1, 2024, and 644 on December 1, 2025.
F8 Each deferred stock unit is the economic equivalent of one share of common stock.
F9 The deferred stock units become payable, in shares of common stock, after the reporting person's termination of service, pursuant to the reporting person's distribution election under National Fuel Gas Company's deferred compensation plan.