Justin I. Loweth - Dec 1, 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Pres - Seneca Resources
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 1, 2023
Transactions value $
-$70,706
Form type
4
Date filed
12/5/2023, 07:15 PM
Previous filing
Dec 13, 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 Other $3.45K +56 +0.13% $61.61 43.3K Jan 13, 2023 Direct F1
transaction NFG Common Stock Other $3.53K +63 +0.15% $56.03 43.3K Apr 14, 2023 Direct F1
transaction NFG Common Stock Other $3.66K +72 +0.17% $50.87 43.4K Jul 14, 2023 Direct F1
transaction NFG Common Stock Other $3.68K +68 +0.16% $54.13 43.5K Oct 13, 2023 Direct F1
transaction NFG Common Stock Options Exercise +3.75K +8.62% 47.2K Dec 1, 2023 Direct F2
transaction NFG Common Stock Tax liability -$46.8K -913 -1.93% $51.22 46.3K Dec 1, 2023 Direct F3
transaction NFG Common Stock Options Exercise +3.07K +6.62% 49.4K Dec 2, 2023 Direct F2
transaction NFG Common Stock Tax liability -$38.3K -747 -1.51% $51.22 48.6K Dec 2, 2023 Direct F4
holding NFG Common Stock 9.92K Dec 1, 2023 401K Trust F5
holding NFG Common Stock 225 Dec 1, 2023 Held by Spouse
holding NFG Common Stock 300 Dec 1, 2023 Held by Son
holding NFG Common Stock 200 Dec 1, 2023 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 -3.75K -33.33% $0.00 7.49K Dec 1, 2023 Common Stock 3.75K Direct F2, F6
transaction NFG Restricted Stock Units Options Exercise $0 -3.07K -50% $0.00 3.07K Dec 2, 2023 Common Stock 3.07K Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
F2 Restricted stock units convert into common stock on a one-for-one basis.
F3 On December 1, 2023, the reporting person had 913 shares withheld and cancelled in respect of taxes in connection with 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 On December 2, 2023, the reporting person had 747 shares withheld and cancelled in respect of taxes in connection with 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 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 1, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6 On December 1, 2022, the reporting person was granted 11,239 restricted stock units, vesting as follows: 3,746 on December 1, 2023, 3,746 on December 1, 2024, and 3,747 on December 1, 2025.
F7 On December 2, 2021, the reporting person was granted 9,195 restricted stock units, vesting as follows: 3,065 on December 2, 2022, 3,065 on December 2, 2023, and 3,065 on December 2, 2024.