Timothy J. Silverstein - 06 Dec 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role: Treasurer & Prin. Fin.Officer
Signature: J. P. Baetzhold, Attorney in Fact
Issuer symbol: NFG
Transactions as of: 06 Dec 2023
Net transactions value: -$46,853
Form type: 4
Filing time: 08 Dec 2023, 16:33:36 UTC
Previous filing: 05 Dec 2023
Next filing: 12 Dec 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFG	Common Stock	Award	$0	+1,194	+42%	$0.000000	4,068	06 Dec 2023	Direct
transaction	NFG	Common Stock	Tax liability	$30,698	-610	-15%	$50.32	3,458	06 Dec 2023	Direct	F1
transaction	NFG	Common Stock	Award	$0	+627	+18%	$0.000000	4,085	06 Dec 2023	Direct
transaction	NFG	Common Stock	Tax liability	$16,154	-321	-7.9%	$50.32	3,764	06 Dec 2023	Direct	F2
holding	NFG	Common Stock						3,695	06 Dec 2023	401K Trust	F3

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	Award	$0	+4,227		$0.000000	4,227	06 Dec 2023	Common Stock	4,227		Direct	F4, F5
transaction	NFG	Restricted Stock Units	Award	$0	+14,074		$0.000000	14,074	06 Dec 2023	Common Stock	14,074		Direct	F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 6, 2023, the reporting person had 610 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.
F2	On December 6, 2023, the reporting person had 321 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	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.
F4	Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F5	On December 6, 2023, the reporting person was granted 4,227 restricted stock units, vesting as follows: 1,409 on December 6, 2024, 1,409 on December 6, 2025, and 1,409 on December 6, 2026.
F6	On December 6, 2023, the reporting person was granted 14,074 restricted stock units, vesting as follows: 2,814 on December 6, 2029, 2,815 on December 6, 2030, 2,815 on December 6, 2031, 2,815 on December 6, 2032, and 2,815 on December 6, 2033.