Michael W. Reville - Dec 10, 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role
General Counsel and Secretary
Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 10, 2023
Transactions value $
-$15,221
Form type
4
Date filed
12/12/2023, 03:36 PM
Previous filing
Dec 8, 2023
Next filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +831 +5.14% 17K Dec 10, 2023 Direct F1
transaction NFG Common Stock Tax liability -$15.2K -300 -1.76% $50.74 16.7K Dec 10, 2023 Direct F2
holding NFG Common Stock 13.4K Dec 10, 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 Options Exercise $0 -831 -100% $0.00* 0 Dec 10, 2023 Common Stock 831 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 On December 10, 2023, the reporting person had 300 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.
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 8, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 On December 10, 2020, the reporting person was granted 2,491 restricted stock units, vesting as follows: 830 on December 10, 2021, 830 on December 10, 2022, and 831 on December 10, 2023.