Donna L. DeCarolis - Dec 9, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
President - NFG Dist. Corp.
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 9, 2022
Transactions value $
-$145,873
Form type
4
Date filed
12/13/2022, 04:16 PM
Previous filing
Dec 5, 2022
Next filing
Dec 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +2.11K +2.74% 79.1K Dec 9, 2022 Direct F1
transaction NFG Common Stock Tax liability -$67.9K -1.08K -1.36% $63.01 78K Dec 9, 2022 Direct F2
transaction NFG Common Stock Options Exercise +2.43K +3.11% 80.5K Dec 10, 2022 Direct F1
transaction NFG Common Stock Tax liability -$78K -1.24K -1.54% $63.01 79.2K Dec 10, 2022 Direct F3
holding NFG Common Stock 22.6K Dec 9, 2022 401K Trust F4
holding NFG Common Stock 273 Dec 9, 2022 ESOP 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 Options Exercise $0 -2.11K -100% $0.00* 0 Dec 9, 2022 Common Stock 2.11K Direct F1, F6
transaction NFG Restricted Stock Units Options Exercise $0 -2.43K -49.99% $0.00 2.43K Dec 10, 2022 Common Stock 2.43K Direct F1, F7
* 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.
F2 On December 9, 2022, the reporting person had 1,077 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 On December 10, 2022, the reporting person had 1,238 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.
F4 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.
F5 The NFG employee stock ownership 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 ESOP as of December 9, 2022, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6 On December 9, 2019, the reporting person was granted 6,323 restricted stock units, vesting as follows: 2,107 on December 9, 2020, 2,108 on December 9, 2021, and 2,108 on December 9, 2022.
F7 On December 10, 2020, the reporting person was granted 7,276 restricted stock units, vesting as follows: 2,425 on December 10, 2021, 2,425 on December 10, 2022, and 2,426 on December 10, 2023.