David P. Bauer - Dec 5, 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 5, 2024
Transactions value $
-$65,459
Form type
4
Date filed
12/9/2024, 06:25 PM
Previous filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Award $0 +16.9K +23.39% $0.00 88.9K Dec 5, 2024 Direct
transaction NFG Common Stock Tax liability -$37.4K -598 -0.67% $62.57 88.3K Dec 5, 2024 Direct F1
transaction NFG Common Stock Award $0 +3.11K +3.52% $0.00 91.4K Dec 5, 2024 Direct
transaction NFG Common Stock Tax liability -$6.94K -111 -0.12% $62.57 91.3K Dec 5, 2024 Direct F2
transaction NFG Common Stock Disposed to Issuer -19.2K -21.08% 72K Dec 5, 2024 Direct F3
transaction NFG Common Stock Options Exercise +9.69K +13.45% 81.7K Dec 6, 2024 Direct F4
transaction NFG Common Stock Tax liability -$21.1K -344 -0.42% $61.34 81.4K Dec 6, 2024 Direct F5
transaction NFG Common Stock Disposed to Issuer -9.34K -11.48% 72K Dec 6, 2024 Direct F6
holding NFG Common Stock 14.6K Dec 5, 2024 401K Trust F7
holding NFG Common Stock 1.1K Dec 5, 2024 Held by daughter
holding NFG Common Stock 1.1K Dec 5, 2024 Held by daughter

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 +24.1K $0.00 24.1K Dec 5, 2024 Common Stock 24.1K Direct F8, F9
transaction NFG Deferred Stock Units Award +19.2K +10.9% 196K Dec 5, 2024 Common Stock 19.2K Direct F3, F10, F11
transaction NFG Restricted Stock Units Options Exercise $0 -9.69K -33.33% $0.00 19.4K Dec 6, 2024 Common Stock 9.69K Direct F8, F12
transaction NFG Deferred Stock Units Award +9.34K +4.77% 205K Dec 6, 2024 Common Stock 9.34K Direct F6, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 5, 2024, the reporting person had 598 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.
F10 Each deferred stock unit is the economic equivalent of one share of common stock.
F11 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.
F12 On December 6, 2023, the reporting person was granted 29,061 restricted stock units, vesting as follows: 9,687 on December 6, 2024, 9,687 on December 6, 2025, and 9,687 on December 6, 2026.
F2 On December 5, 2024, the reporting person had 111 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 In connection with the vesting on December 5, 2024 of performance shares previously granted to the reporting person, the reporting person's receipt of 19,247 shares of common stock was deferred, resulting in the reporting person's receipt instead of 19,247 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 19,247 shares of common stock in exchange for an equal number of deferred stock units.
F4 Restricted stock units convert into common stock on a one-for-one basis.
F5 On December 6, 2024, the reporting person had 344 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.
F6 In connection with the vesting on December 6, 2024 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,343 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,343 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,343 shares of common stock in exchange for an equal number of deferred stock units.
F7 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, 2024, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F8 Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F9 On December 5, 2024, the reporting person was granted 24,076 restricted stock units, vesting as follows: 8,025 on December 5, 2025, 8,025 on December 5, 2026, and 8,026 on December 5, 2027.