Justin I. Loweth - 10 Sep 2025 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Role: Pres - Seneca Resources
Signature: J. P. Baetzhold, Attorney in Fact
Issuer symbol: NFG
Transactions as of: 10 Sep 2025
Net transactions value: -$77,864
Form type: 4
Filing time: 12 Sep 2025, 15:05:29 UTC
Previous filing: 09 Dec 2024
Next filing: 03 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Loweth Justin I	Pres - Seneca Resources	1201 LOUISIANA ST, SUITE 2600, HOUSTON	J. P. Baetzhold, Attorney in Fact	12 Sep 2025	0001858812

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NFG	Common Stock	Award	$0	+2,286	+4.4%	$0.000000	54,804	10 Sep 2025	Direct
transaction	NFG	Common Stock	Tax liability	$77,864	-900	-1.6%	$86.52	53,904	10 Sep 2025	Direct	F1
holding	NFG	Common Stock						11,109	10 Sep 2025	401K Trust	F2
holding	NFG	Common Stock						225	10 Sep 2025	Held by Spouse
holding	NFG	Common Stock						300	10 Sep 2025	Held by Son
holding	NFG	Common Stock						200	10 Sep 2025	Held by Daughter

* 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 900 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	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.

Content

On September 10, 2025, the reporting person had 900 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.

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.

Remarks:

Exhibit List -Exhibit 24 - Power of Attorney