David P. Bauer - 10 Sep 2025 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
10 Sep 2025
Transactions value $
$308,952
Form type
4
Filing time
12 Sep 2025, 15:01:05 UTC
Previous filing
09 Dec 2024
Next filing
03 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bauer David P President and CEO, Director 6363 MAIN STREET, WILLIAMSVILLE J. P. Baetzhold, Attorney in Fact 12 Sep 2025 0001495829

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Award $0 +4.76K +6.6% $0.00 76.8K 10 Sep 2025 Direct
transaction NFG Common Stock Tax liability -$14.6K -169 -0.22% $86.52 76.6K 10 Sep 2025 Direct F1
transaction NFG Common Stock Disposed to Issuer -4.59K -5.99% 72K 10 Sep 2025 Direct F2
holding NFG Common Stock 15.1K 10 Sep 2025 401K Trust F3
holding NFG Common Stock 1.12K 10 Sep 2025 Held by daughter F4
holding NFG Common Stock 1.12K 10 Sep 2025 Held by daughter 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 Deferred Stock Units Other $106K +1.59K +0.78% $66.35 207K 15 Jan 2025 Common Stock 1.59K Direct F5, F6, F7
transaction NFG Deferred Stock Units Other $106K +1.37K +0.66% $78.02 208K 15 Apr 2025 Common Stock 1.37K Direct F5, F6, F7
transaction NFG Deferred Stock Units Other $111K +1.25K +0.6% $88.82 209K 15 Jul 2025 Common Stock 1.25K Direct F5, F6, F7
transaction NFG Deferred Stock Units Award +4.59K +2.19% 214K 10 Sep 2025 Common Stock 4.59K Direct F2, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 10, 2025, the reporting person had 169 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 In connection with the vesting on September 10, 2025 of performance shares previously granted to the reporting person, the reporting person's receipt of 4,587 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,587 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,587 shares of common stock in exchange for an equal number of deferred stock units.
F3 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 September 10, 2025, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F4 Includes 23 shares acquired year-to-date in calendar 2025 through a dividend reinvestment plan, exempt under Rule 16a-11.
F5 Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
F6 Each deferred stock unit is the economic equivalent of one share of common stock.
F7 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.

Remarks:

Exhibit List -Exhibit 24 - Power of Attorney