Timothy J. Silverstein - Dec 9, 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 9, 2023
Transactions value $
-$14,561
Form type
4
Date filed
12/12/2023, 03:36 PM
Previous filing
Dec 8, 2023
Next filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +300 +7.97% 4.06K Dec 9, 2023 Direct F1
transaction NFG Common Stock Tax liability -$7.81K -154 -3.79% $50.74 3.91K Dec 9, 2023 Direct F2
transaction NFG Common Stock Options Exercise +259 +6.62% 4.17K Dec 10, 2023 Direct F1
transaction NFG Common Stock Tax liability -$6.75K -133 -3.19% $50.74 4.04K Dec 10, 2023 Direct F3
holding NFG Common Stock 3.7K Dec 9, 2023 401K Trust F4

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 -300 -50% $0.00 300 Dec 9, 2023 Common Stock 300 Direct F1, F5
transaction NFG Restricted Stock Units Options Exercise $0 -259 -100% $0.00* 0 Dec 10, 2023 Common Stock 259 Direct F1, F6
* 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 9, 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.
F3 On December 10, 2023, the reporting person had 133 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 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.
F5 On December 9, 2019, the reporting person was granted 900 restricted stock units, vesting as follows: 300 on December 9, 2022, 300 on December 9, 2023, and 300 on December 9, 2024.
F6 On December 10, 2020, the reporting person was granted 776 restricted stock units, vesting as follows: 258 on December 10, 2021, 259 on December 10, 2022, and 259 on December 10, 2023.