David P. Bauer - 01 Jul 2023 Form 4 Insider Report for NATIONAL FUEL GAS CO (NFG)

Signature
J. P. Baetzhold, Attorney in Fact
Issuer symbol
NFG
Transactions as of
01 Jul 2023
Transactions value $
$48,588
Form type
4
Filing time
05 Jul 2023, 17:00:30 UTC
Previous filing
04 Jan 2023
Next filing
05 Dec 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFG Common Stock Options Exercise +5,411 +7.4% 78,961 01 Jul 2023 Direct F1
transaction NFG Common Stock Tax liability -$9,865 -192 -0.24% $51.38 78,769 01 Jul 2023 Direct F2
transaction NFG Common Stock Disposed to Issuer -5,219 -6.6% 73,550 01 Jul 2023 Direct F3
holding NFG Common Stock 13,322 01 Jul 2023 401K Trust F4
holding NFG Common Stock 499 01 Jul 2023 Held by daughter
holding NFG Common Stock 499 01 Jul 2023 Held by daughter
holding NFG Common Stock 499 01 Jul 2023 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 Deferred Stock Units Other $29,107 +471 +0.77% $61.8 61,823 13 Jan 2023 Common Stock 471 Direct F5, F6, F7
transaction NFG Deferred Stock Units Other $29,345 +523 +0.85% $56.11 62,346 14 Apr 2023 Common Stock 523 Direct F5, F6, F7
transaction NFG Restricted Stock Units Options Exercise $0 -5,411 -100% $0* 0 01 Jul 2023 Common Stock 5,411 Direct F1, F8
transaction NFG Deferred Stock Units Award +5,219 +8.4% 67,565 01 Jul 2023 Common Stock 5,219 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 On July 1, 2023, the reporting person had 192 shares withheld and cancelled to cover minimum required tax withholdings due to 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.
F3 In connection with the vesting on July 1, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 5,219 shares of common stock was deferred, resulting in the reporting person's receipt instead of 5,219 deferred stock units pursuant to the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers. The reporting person is therefore reporting the disposition of 5,219 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 June 30, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
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 the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.
F8 On July 1, 2019, the reporting person was granted 10,821 restricted stock units, vesting as follows: 5,410 on July 1, 2022, and 5,411 on July 1, 2023.