David P. Bauer - Dec 1, 2024 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Stock symbol
NFG
Transactions as of
Dec 1, 2024
Transactions value $
$293,834
Form type
4
Date filed
12/3/2024, 05:51 PM
Previous filing
Jan 2, 2024
Next filing
Dec 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +6.85K +9.5% 78.9K Dec 1, 2024 Direct F1
transaction NFG Common Stock Tax liability -$15.6K -243 -0.31% $64.17 78.6K Dec 1, 2024 Direct F2
transaction NFG Common Stock Disposed to Issuer -6.6K -8.39% 72K Dec 1, 2024 Direct F3
transaction NFG Common Stock Options Exercise +6.39K +8.87% 78.4K Dec 2, 2024 Direct F1
transaction NFG Common Stock Tax liability -$14.3K -227 -0.29% $63.03 78.2K Dec 2, 2024 Direct F4
transaction NFG Common Stock Disposed to Issuer -6.16K -7.88% 72K Dec 2, 2024 Direct F5
holding NFG Common Stock 14.6K Dec 1, 2024 401K Trust F6
holding NFG Common Stock 1.1K Dec 1, 2024 Held by daughter F7
holding NFG Common Stock 1.1K Dec 1, 2024 Held by daughter F7

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 $78.2K +1.55K +0.98% $50.38 160K Jan 12, 2024 Common Stock 1.55K Direct F8, F9, F10
transaction NFG Deferred Stock Units Other $79K +1.5K +0.94% $52.83 161K Apr 15, 2024 Common Stock 1.5K Direct F8, F9, F10
transaction NFG Deferred Stock Units Other $82.9K +1.46K +0.91% $56.69 162K Jul 15, 2024 Common Stock 1.46K Direct F8, F9, F10
transaction NFG Deferred Stock Units Other $83.7K +1.38K +0.85% $60.86 164K Oct 15, 2024 Common Stock 1.38K Direct F8, F9, F10
transaction NFG Restricted Stock Units Options Exercise $0 -6.85K -50% $0.00 6.85K Dec 1, 2024 Common Stock 6.85K Direct F1, F11
transaction NFG Deferred Stock Units Award +6.6K +4.03% 170K Dec 1, 2024 Common Stock 6.6K Direct F3, F9, F10
transaction NFG Restricted Stock Units Options Exercise $0 -6.39K -100% $0.00 0 Dec 2, 2024 Common Stock 6.39K Direct F1, F12
transaction NFG Deferred Stock Units Award +6.16K +3.61% 177K Dec 2, 2024 Common Stock 6.16K Direct F5, F9, F10
* 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.
F10 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.
F11 On December 1, 2022, the reporting person was granted 20,536 restricted stock units, vesting as follows: 6,845 on December 1, 2023, 6,845 on December 1, 2024, and 6,846 on December 1, 2025.
F12 On December 2, 2021, the reporting person was granted 19,164 restricted stock units, vesting as follows: 6,388 on December 2, 2022, 6,388 on December 2, 2023, and 6,388 on December 2, 2024.
F2 On December 1, 2024, the reporting person had 243 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 In connection with the vesting on December 1, 2024 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,602 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,602 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,602 shares of common stock in exchange for an equal number of deferred stock units.
F4 On December 2, 2024, the reporting person had 227 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.
F5 In connection with the vesting on December 2, 2024 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,161 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,161 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,161 shares of common stock in exchange for an equal number of deferred stock units.
F6 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 2, 2024, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F7 Includes 39 shares acquired during calendar year 2024 through a dividend reinvestment plan, exempt under Rule 16a-11.
F8 Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
F9 Each deferred stock unit is the economic equivalent of one share of common stock.