Timothy J. Silverstein - Dec 1, 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Treasurer & Prin. Fin.Officer
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 1, 2023
Transactions value $
-$20,658
Form type
4
Date filed
12/5/2023, 09:06 PM
Previous filing
May 2, 2023
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 $1.17K +23 +0.96% $50.87 2.42K Jul 14, 2023 Direct F1
transaction NFG Common Stock Other $1.25K +23 +0.95% $54.13 2.45K Oct 13, 2023 Direct F1
transaction NFG Common Stock Options Exercise +290 +11.85% 2.74K Dec 1, 2023 Direct F2
transaction NFG Common Stock Tax liability -$7.63K -149 -5.44% $51.22 2.59K Dec 1, 2023 Direct F3
transaction NFG Common Stock Options Exercise +287 +11.09% 2.88K Dec 2, 2023 Direct F2
transaction NFG Common Stock Tax liability -$7.53K -147 -5.11% $51.22 2.73K Dec 2, 2023 Direct F4
transaction NFG Common Stock Options Exercise +300 +11% 3.03K Dec 4, 2023 Direct F2
transaction NFG Common Stock Tax liability -$7.91K -154 -5.09% $51.37 2.87K Dec 4, 2023 Direct F5
holding NFG Common Stock 3.66K Dec 1, 2023 401K Trust F6

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 -290 -33.33% $0.00 580 Dec 1, 2023 Common Stock 290 Direct F2, F7
transaction NFG Restricted Stock Units Options Exercise $0 -287 -50% $0.00 287 Dec 2, 2023 Common Stock 287 Direct F2, F8
transaction NFG Restricted Stock Units Options Exercise $0 -300 -100% $0.00* 0 Dec 4, 2023 Common Stock 300 Direct F2, F9
* 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 149 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 147 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 On December 4, 2023, the reporting person had 154 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.
F6 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.
F7 On December 1, 2022, the reporting person was granted 870 restricted stock units, vesting as follows: 290 on December 1, 2023, 290 on December 1, 2024, and 290 on December 1, 2025.
F8 On December 2, 2021, the reporting person was granted 861 restricted stock units, vesting as follows: 287 on December 2, 2022, 287 on December 2, 2023, and 287 on December 2, 2024.
F9 On December 4, 2018, the reporting person was granted 900 restricted stock units, vesting as follows: 300 on December 4, 2021, 300 on December 4, 2022, and 300 on December 4, 2023.