David P. Bauer - Dec 9, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
President and CEO, Director
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 9, 2022
Transactions value $
-$33,396
Form type
4
Date filed
12/13/2022, 04:14 PM
Previous filing
Dec 5, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +5.06K +6.74% 80.1K Dec 9, 2022 Direct F1
transaction NFG Common Stock Tax liability -$11.3K -180 -0.22% $63.01 79.9K Dec 9, 2022 Direct F2
transaction NFG Common Stock Disposed to Issuer -4.88K -6.1% 75K Dec 9, 2022 Direct F3
transaction NFG Common Stock Options Exercise +9.86K +13.13% 84.9K Dec 10, 2022 Direct F1
transaction NFG Common Stock Tax liability -$22.1K -350 -0.41% $63.01 84.6K Dec 10, 2022 Direct F4
transaction NFG Common Stock Disposed to Issuer -9.51K -11.24% 75K Dec 10, 2022 Direct F5
holding NFG Common Stock 12.9K Dec 9, 2022 401K Trust F6

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 -5.06K -100% $0.00* 0 Dec 9, 2022 Common Stock 5.06K Direct F1, F7
transaction NFG Deferred Stock Units Award +4.88K +10.39% 51.8K Dec 9, 2022 Common Stock 4.88K Direct F3, F8, F9
transaction NFG Restricted Stock Units Options Exercise $0 -9.86K -50% $0.00 9.86K Dec 10, 2022 Common Stock 9.86K Direct F1, F10
transaction NFG Deferred Stock Units Award +9.51K +18.33% 61.4K Dec 10, 2022 Common Stock 9.51K Direct F5, F8, F9
* 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.
F10 On December 10, 2020, the reporting person was granted 29,566 restricted stock units, vesting as follows: 9,855 on December 10, 2021, 9,855 on December 10, 2022, and 9,856 on December 10, 2023.
F2 On December 9, 2022, the reporting person had 180 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 In connection with the vesting on December 9, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 4,879 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,879 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,879 shares of common stock in exchange for an equal number of deferred stock units.
F4 On December 10, 2022, the reporting person had 350 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 In connection with the vesting on December 10, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,505 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,505 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,505 shares of common stock in exchange for an equal number of deferred stock units.
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 9, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F7 On December 9, 2019, the reporting person was granted 15,176 restricted stock units, vesting as follows: 5,058 on December 9, 2020, 5,059 on December 9, 2021, and 5,059 on December 9, 2022.
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.