David P. Bauer - Dec 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
Dec 1, 2022
Transactions value $
-$3,200,042
Form type
4
Date filed
12/5/2022, 05:11 PM
Previous filing
Jul 5, 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 +25.7K +34.21% $0.00 101K Dec 1, 2022 Direct
transaction NFG Common Stock Tax liability -$60.1K -911 -0.9% $65.92 99.8K Dec 1, 2022 Direct F1
transaction NFG Common Stock Award $0 +16.6K +16.66% $0.00 116K Dec 1, 2022 Direct
transaction NFG Common Stock Tax liability -$38.9K -590 -0.51% $65.92 116K Dec 1, 2022 Direct F2
transaction NFG Common Stock Disposed to Issuer -$2.69M -40.8K -35.22% $65.92 75K Dec 1, 2022 Direct F3
transaction NFG Common Stock Options Exercise +6.39K +8.51% 81.4K Dec 2, 2022 Direct F4
transaction NFG Common Stock Tax liability -$14.6K -227 -0.28% $64.34 81.2K Dec 2, 2022 Direct F5
transaction NFG Common Stock Disposed to Issuer -$396K -6.16K -7.59% $64.34 75K Dec 2, 2022 Direct F6
holding NFG Common Stock 12.9K Dec 1, 2022 401K Trust F7

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 +20.5K $0.00 20.5K Dec 1, 2022 Common Stock 20.5K Direct F8, F9
transaction NFG Deferred Stock Units Award +40.8K 40.8K Dec 1, 2022 Common Stock 40.8K Direct F3, F10, F11
transaction NFG Restricted Stock Units Options Exercise $0 -6.39K -33.33% $0.00 12.8K Dec 2, 2022 Common Stock 6.39K Direct F4, F12
transaction NFG Deferred Stock Units Award +6.16K +15.1% 47K Dec 2, 2022 Common Stock 6.16K Direct F6, F10, F11
* 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 911 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.
F10 Each deferred stock unit is the economic equivalent of one share of common stock.
F11 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.
F12 On December 2, 2021, the reporting person was granted 19,164 restricted stock units, vesting as follows: 6,388 on December 2, 2022, 6,388 on December 2, 2023, and 6,388 on December 2, 2024.
F2 On December 1, 2022, the reporting person had 590 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 In connection with the vesting on December 1, 2022 of performance shares previously granted to the reporting person, the reporting person's receipt of 40,807 shares of common stock was deferred, resulting in the reporting person's receipt instead of 40,807 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 40,807 shares of common stock in exchange for an equal number of deferred stock units.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On December 2, 2022, the reporting person had 227 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 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 6,161 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,161 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,161 shares of common stock in exchange for an equal number of deferred stock units.
F7 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.
F8 Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F9 On December 1, 2022, the reporting person was granted 20,536 restricted stock units, vesting as follows: 6,845 on December 1, 2023, 6,845 on December 1, 2024, and 6,846 on December 1, 2025.