Justin I. Loweth - 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 $
-$355,792
Form type
4
Date filed
12/9/2024, 06:27 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 +8.1K +18.53% $0.00 51.8K Dec 5, 2024 Direct
transaction NFG Common Stock Tax liability -$199K -3.19K -6.15% $62.57 48.6K Dec 5, 2024 Direct F1
transaction NFG Common Stock Award $0 +1.49K +3.07% $0.00 50.1K Dec 5, 2024 Direct
transaction NFG Common Stock Tax liability -$36.8K -588 -1.17% $62.57 49.5K Dec 5, 2024 Direct F2
transaction NFG Common Stock Options Exercise +4.95K +10.01% 54.5K Dec 6, 2024 Direct F3
transaction NFG Common Stock Tax liability -$120K -1.95K -3.58% $61.34 52.5K Dec 6, 2024 Direct F4
holding NFG Common Stock 10.7K Dec 5, 2024 401K Trust F5
holding NFG Common Stock 225 Dec 5, 2024 Held by Spouse
holding NFG Common Stock 300 Dec 5, 2024 Held by Son
holding NFG Common Stock 200 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 +12.3K $0.00 12.3K Dec 5, 2024 Common Stock 12.3K Direct F6, F7
transaction NFG Restricted Stock Units Options Exercise $0 -4.95K -33.33% $0.00 9.91K Dec 6, 2024 Common Stock 4.95K Direct F6, F8
* 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 3,187 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.
F2 On December 5, 2024, the reporting person had 588 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 Restricted stock units convert into common stock on a one-for-one basis.
F4 On December 6, 2024, the reporting person had 1,950 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 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.
F6 Each restricted stock unit represents a contingent right to receive one share of NFG common stock.
F7 On December 5, 2024, the reporting person was granted 12,262 restricted stock units, vesting as follows: 4,087 on December 5, 2025, 4,087 on December 5, 2026, and 4,088 on December 5, 2027.
F8 On December 6, 2023, the reporting person was granted 14,864 restricted stock units, vesting as follows: 4,954 on December 6, 2024, 4,955 on December 6, 2025, and 4,955 on December 6, 2026.