David P. Bauer - 01 Jul 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Reporting relationship: President and CEO, Director
Issuer ticker: NFG
Reported as of: 01 Jul 2023
Net transaction value: +$48,588
SEC form: 4
Accepted by SEC: 05 Jul 2023, 17:00:30 UTC
Prior SEC filing: 04 Jan 2023
Next SEC filing: 05 Dec 2023
Source filing: View source filing
Reporting owner signature: J. P. Baetzhold, Attorney in Fact

Key filing fact

David P. Bauer filed Form 4 for NATIONAL FUEL GAS CO (NFG) on 05 Jul 2023.

Key facts

This page summarizes David P. Bauer's Form 4 filing for NATIONAL FUEL GAS CO (NFG).
7 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 05 Jul 2023, 17:00.

Change

Previous filing in this sequence was filed on 04 Jan 2023.
Current net transaction value: +$48,588.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NFG transaction

Common Stock

Options Exercise

Transaction value
Shares: +5,411
Change %: +7.4%
Price
Shares after: 78,961
Date: 01 Jul 2023
Ownership: Direct
Footnotes: F1

NFG transaction

Common Stock

Tax liability

Transaction value: $9,866
Shares: -192
Change %: -0.24%
Price: $51.38
Shares after: 78,769
Date: 01 Jul 2023
Ownership: Direct
Footnotes: F2

NFG transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -5,219
Change %: -6.6%
Price
Shares after: 73,550
Date: 01 Jul 2023
Ownership: Direct
Footnotes: F3

NFG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,322
Date: 01 Jul 2023
Ownership: 401K Trust
Footnotes: F4

NFG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 499
Date: 01 Jul 2023
Ownership: Held by daughter

NFG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 499
Date: 01 Jul 2023
Ownership: Held by daughter

NFG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 499
Date: 01 Jul 2023
Ownership: Held by daughter

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NFG transaction Derivative

Deferred Stock Units

Other

Transaction value: $29,108
Shares: +471
Change %: +0.77%
Price: $61.80
Shares after: 61,823
Date: 13 Jan 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 471
Exercise price
Footnotes: F5, F6, F7

NFG transaction Derivative

Deferred Stock Units

Other

Transaction value: $29,346
Shares: +523
Change %: +0.85%
Price: $56.11
Shares after: 62,346
Date: 14 Apr 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 523
Exercise price
Footnotes: F5, F6, F7

NFG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,411
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,411
Exercise price
Footnotes: F1, F8

NFG transaction Derivative

Deferred Stock Units

Award

Transaction value
Shares: +5,219
Change %: +8.4%
Price
Shares after: 67,565
Date: 01 Jul 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,219
Exercise price
Footnotes: F3, F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F2

On July 1, 2023, the reporting person had 192 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.

Footnote F3

In connection with the vesting on July 1, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 5,219 shares of common stock was deferred, resulting in the reporting person's receipt instead of 5,219 deferred stock units pursuant to the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers. The reporting person is therefore reporting the disposition of 5,219 shares of common stock in exchange for an equal number of deferred stock units.

Footnote 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 June 30, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

Footnote F5

Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.

Footnote F6

Each deferred stock unit is the economic equivalent of one share of common stock.

Footnote 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 the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.

Footnote F8

On July 1, 2019, the reporting person was granted 10,821 restricted stock units, vesting as follows: 5,410 on July 1, 2022, and 5,411 on July 1, 2023.