Martin A. Krebs - 05 Dec 2025 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
05 Dec 2025
Net transactions value
$0
Form type
4
Filing time
09 Dec 2025, 15:58:03 UTC
Previous filing
08 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Krebs Martin A Chief Information Officer 6363 MAIN STREET, WILLIAMSVILLE J. P. Baetzhold, Attorney in Fact 09 Dec 2025 0001781298

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +712 +17% 4,795 05 Dec 2025 Direct F1
transaction NFG Common Stock Disposed to Issuer -712 -15% 4,083 05 Dec 2025 Direct F2
transaction NFG Common Stock Options Exercise +851 +21% 4,934 06 Dec 2025 Direct F1
transaction NFG Common Stock Disposed to Issuer -851 -17% 4,083 06 Dec 2025 Direct F3
holding NFG Common Stock 62 05 Dec 2025 401K Trust 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 Restricted Stock Units Options Exercise $0 -712 -33% $0.000000 1,425 05 Dec 2025 Common Stock 712 Direct F1, F5
transaction NFG Deferred Stock Units Award +712 +3% 24,457 05 Dec 2025 Common Stock 712 Direct F2, F6, F7
transaction NFG Restricted Stock Units Options Exercise $0 -851 -50% $0.000000 851 06 Dec 2025 Common Stock 851 Direct F1, F8
transaction NFG Deferred Stock Units Award +851 +3.5% 25,308 06 Dec 2025 Common Stock 851 Direct F3, F6, F7
* 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.
F2 In connection with the vesting on December 5, 2025 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 712 shares of common stock was deferred, resulting in the reporting person's receipt instead of 712 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 712 shares of common stock in exchange for an equal number of deferred stock units.
F3 In connection with the vesting on December 6, 2025 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 851 shares of common stock was deferred, resulting in the reporting person's receipt instead of 851 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 851 shares of common stock in exchange for an equal number of deferred stock units.
F4 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 5, 2025, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
F5 On December 5, 2024, the reporting person was granted 2,137 restricted stock units, vesting as follows: 712 on December 5, 2025, 712 on December 5, 2026, and 713 on December 5, 2027.
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.
F8 On December 6, 2023, the reporting person was granted 2,552 restricted stock units, vesting as follows: 850 on December 6, 2024, 851 on December 6, 2025, and 851 on December 6, 2026.