Timothy J. Silverstein - 09 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
09 Dec 2023
Net transactions value
-$14,561
Form type
4
Filing time
12 Dec 2023, 15:36:31 UTC
Previous filing
08 Dec 2023
Next filing
03 Dec 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 Options Exercise +300 +8% 4,064 09 Dec 2023 Direct F1
transaction NFG Common Stock Tax liability $7,813 -154 -3.8% $50.74 3,910 09 Dec 2023 Direct F2
transaction NFG Common Stock Options Exercise +259 +6.6% 4,169 10 Dec 2023 Direct F1
transaction NFG Common Stock Tax liability $6,748 -133 -3.2% $50.74 4,036 10 Dec 2023 Direct F3
holding NFG Common Stock 3,695 09 Dec 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% $0.000000 300 09 Dec 2023 Common Stock 300 Direct F1, F5
transaction NFG Restricted Stock Units Options Exercise $0 -259 -100% $0.000000* 0 10 Dec 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.