Justin I. Loweth - 09 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
09 Dec 2022
Net transactions value
-$90,548
Form type
4
Filing time
13 Dec 2022, 16:26:14 UTC
Previous filing
05 Dec 2022
Next filing
05 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +1,845 +4.5% 42,832 09 Dec 2022 Direct F1
transaction NFG Common Stock Tax liability $45,810 -727 -1.7% $63.01 42,105 09 Dec 2022 Direct F2
transaction NFG Common Stock Options Exercise +1,802 +4.3% 43,907 10 Dec 2022 Direct F1
transaction NFG Common Stock Tax liability $44,739 -710 -1.6% $63.01 43,197 10 Dec 2022 Direct F3
holding NFG Common Stock 9,252 09 Dec 2022 401K Trust F4
holding NFG Common Stock 225 09 Dec 2022 Held by Spouse
holding NFG Common Stock 300 09 Dec 2022 Held by Son
holding NFG Common Stock 200 09 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 Options Exercise $0 -1,845 -100% $0.000000* 0 09 Dec 2022 Common Stock 1,845 Direct F1, F5
transaction NFG Restricted Stock Units Options Exercise $0 -1,802 -50% $0.000000 1,802 10 Dec 2022 Common Stock 1,802 Direct F1, F6
* 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 727 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 710 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 On December 9, 2019, the reporting person was granted 5,533 restricted stock units, vesting as follows: 1,844 on December 9, 2020, 1,844 on December 9, 2021, and 1,845 on December 9, 2022.
F6 On December 10, 2020, the reporting person was granted 5,405 restricted stock units, vesting as follows: 1,801 on December 10, 2021, 1,802 on December 10, 2022, and 1,802 on December 10, 2023.