Ronald C. Kraemer - 06 Dec 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
Chief Operating Officer
Signature
J.P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
06 Dec 2023
Net transactions value
-$6,593
Form type
4
Filing time
08 Dec 2023, 16:32:08 UTC
Previous filing
13 Dec 2022
Next filing
15 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Other $431 +7 +0.02% $61.61 46,015 13 Jan 2023 Direct F1
transaction NFG Common Stock Other $448 +8 +0.02% $56.03 46,023 14 Apr 2023 Direct F1
transaction NFG Common Stock Other $458 +9 +0.02% $50.87 46,032 14 Jul 2023 Direct F1
transaction NFG Common Stock Other $433 +8 +0.02% $54.13 46,040 13 Oct 2023 Direct F1
transaction NFG Common Stock Award $0 +16,788 +36% $0.000000 62,828 06 Dec 2023 Direct
transaction NFG Common Stock Tax liability $29,994 -596 -0.95% $50.32 62,232 06 Dec 2023 Direct F2
transaction NFG Common Stock Award $0 +8,814 +14% $0.000000 71,046 06 Dec 2023 Direct
transaction NFG Common Stock Tax liability $15,752 -313 -0.44% $50.32 70,733 06 Dec 2023 Direct F3
transaction NFG Common Stock Disposed to Issuer -24,693 -35% 46,040 06 Dec 2023 Direct F4
holding NFG Common Stock 18,425 06 Dec 2023 401K Trust F5
holding NFG Common Stock 4,286 06 Dec 2023 ESOP 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 Deferred Stock Units Other $9,023 +146 +0.77% $61.80 19,181 13 Jan 2023 Common Stock 146 Direct F7, F8, F9
transaction NFG Deferred Stock Units Other $9,090 +162 +0.84% $56.11 19,343 14 Apr 2023 Common Stock 162 Direct F7, F8, F9
transaction NFG Deferred Stock Units Other $9,565 +189 +0.98% $50.61 19,532 14 Jul 2023 Common Stock 189 Direct F7, F8, F9
transaction NFG Deferred Stock Units Other $9,704 +180 +0.92% $53.91 19,712 13 Oct 2023 Common Stock 180 Direct F7, F8, F9
transaction NFG Deferred Stock Units Award +24,693 +125% 44,405 06 Dec 2023 Common Stock 24,693 Direct F4, F8, 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 On December 6, 2023, the reporting person had 596 shares withheld and cancelled in respect of taxes in connection with the vesting of performance shares. 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 6, 2023, the reporting person had 313 shares withheld and cancelled in respect of taxes in connection with the vesting of performance shares. 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 In connection with the vesting on December 6, 2023 of performance shares previously granted to the reporting person, the reporting person's receipt of 24,693 shares of common stock was deferred, resulting in the reporting person's receipt instead of 24,693 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 24,693 shares of common stock in exchange for an equal number of deferred stock units.
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 6, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F6 The NFG employee stock ownership 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 ESOP as of December 6, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F7 Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
F8 Each deferred stock unit is the economic equivalent of one share of common stock.
F9 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 for Directors and Officers.