Martin A. Krebs - Dec 9, 2022 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Chief Information Officer
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 05:12 PM
Previous filing
Dec 5, 2022
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +580 +15.66% 4.28K Dec 9, 2022 Direct F1
transaction NFG Common Stock Disposed to Issuer -580 -13.54% 3.7K Dec 9, 2022 Direct F2
transaction NFG Common Stock Options Exercise +661 +17.85% 4.36K Dec 10, 2022 Direct F1
transaction NFG Common Stock Disposed to Issuer -661 -15.15% 3.7K Dec 10, 2022 Direct F3
holding NFG Common Stock 1.32K Dec 9, 2022 401K Trust F4

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 -580 -100% $0.00* 0 Dec 9, 2022 Common Stock 580 Direct F1, F5
transaction NFG Deferred Stock Units Award +580 +10.53% 6.09K Dec 9, 2022 Common Stock 580 Direct F2, F6, F7
transaction NFG Restricted Stock Units Options Exercise $0 -661 -50% $0.00 661 Dec 10, 2022 Common Stock 661 Direct F1, F8
transaction NFG Deferred Stock Units Award +661 +10.86% 6.75K Dec 10, 2022 Common Stock 661 Direct F3, F6, 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 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 580 shares of common stock was deferred, resulting in the reporting person's receipt instead of 580 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 580 shares of common stock in exchange for an equal number of deferred stock units.
F3 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 661 shares of common stock was deferred, resulting in the reporting person's receipt instead of 661 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 661 shares of common stock in exchange for an equal number of deferred stock units.
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 1,739 restricted stock units, vesting as follows: 579 on December 9, 2020, 580 on December 9, 2021, and 580 on December 9, 2022.
F6 Each deferred stock unit is the economic equivalent of one share of common stock.
F7 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.
F8 On December 10, 2020, the reporting person was granted 1,982 restricted stock units, vesting as follows: 660 on December 10, 2021, 661 on December 10, 2022, and 661 on December 10, 2023.