Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2022-12-05 00:00:00 ET · period of report 2022-12-01 · accession 0001562180-22-008082 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-12-05 | 2022-12-01 | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | $0.00 | +42.3K | 116.4K | +57% | $0 |
| DM | 2022-12-05 | 2022-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | F - Tax | $65.71 | -1,728 | 81.2K | -2% | -$113.6K |
| DM | 2022-12-05 | 2022-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | D - Sale to Iss | $65.71 | -47.0K | 75.0K | -38% | -$3.09M |
| D | 2022-12-05 | 2022-12-02 | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | — | +6,388 | 81.4K | +9% | — |
| DM | 2022-12-05 | 2022-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | $0.00 | +67.5K | 40.8K | New | $0 |
| D | 2022-12-05 | 2022-12-02 | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | $0.00 | -6,388 | 12.8K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-01 | A | A | 25,676 | $0.00 | 100,723 | D | — | — | |
| 2 | Common | Common Stock | 2022-12-01 | F | D | 911 | $65.92 | 99,812 | D | — | — | (F1) On December 1, 2022, the reporting person had 911 shares withheld and cancelled to cover minimum required tax withholdings due to 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. |
| 3 | Common | Common Stock | 2022-12-01 | A | A | 16,632 | $0.00 | 116,444 | D | — | — | |
| 4 | Common | Common Stock | 2022-12-01 | F | D | 590 | $65.92 | 115,854 | D | — | — | (F2) On December 1, 2022, the reporting person had 590 shares withheld and cancelled to cover minimum required tax withholdings due to 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. |
| 5 | Common | Common Stock | 2022-12-01 | D | D | 40,807 | $65.92 | 75,047 | D | — | — | (F3) In connection with the vesting on December 1, 2022 of performance shares previously granted to the reporting person, the reporting person's receipt of 40,807 shares of common stock was deferred, resulting in the reporting person's receipt instead of 40,807 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 40,807 shares of common stock in exchange for an equal number of deferred stock units. |
| 6 | Common | Common Stock | 2022-12-02 | M | A | 6,388 | — | 81,435 | D | — | — | (F4) Restricted stock units convert into common stock on a one-for-one basis. |
| 7 | Common | Common Stock | 2022-12-02 | F | D | 227 | $64.34 | 81,208 | D | — | — | (F5) On December 2, 2022, the reporting person had 227 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. |
| 8 | Common | Common Stock | 2022-12-02 | D | D | 6,161 | $64.34 | 75,047 | D | — | — | (F6) In connection with the vesting on December 2, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,161 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,161 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,161 shares of common stock in exchange for an equal number of deferred stock units. |
| 9 | Derivative | Restricted Stock Units | 2022-12-01 | A | A | 20,536 | $0.00 | 20,536 | D | — · — to — | 20,536 Common Stock | (F8) Each restricted stock unit represents a contingent right to receive one share of NFG common stock. (F9) On December 1, 2022, the reporting person was granted 20,536 restricted stock units, vesting as follows: 6,845 on December 1, 2023, 6,845 on December 1, 2024, and 6,846 on December 1, 2025. |
| 10 | Derivative | Deferred Stock Units | 2022-12-02 | A | A | 6,161 | — | 46,968 | D | — · — to — | 6,161 Common Stock | (F6) In connection with the vesting on December 2, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,161 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,161 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,161 shares of common stock in exchange for an equal number of deferred stock units. (F10) Each deferred stock unit is the economic equivalent of one share of common stock. (F11) 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. |
| 11 | Derivative | Restricted Stock Units | 2022-12-02 | M | D | 6,388 | $0.00 | 12,776 | D | — · — to — | 6,388 Common Stock | (F4) Restricted stock units convert into common stock on a one-for-one basis. (F12) On December 2, 2021, the reporting person was granted 19,164 restricted stock units, vesting as follows: 6,388 on December 2, 2022, 6,388 on December 2, 2023, and 6,388 on December 2, 2024. |
| 12 | Derivative | Deferred Stock Units | 2022-12-01 | A | A | 40,807 | — | 40,807 | D | — · — to — | 40,807 Common Stock | (F3) In connection with the vesting on December 1, 2022 of performance shares previously granted to the reporting person, the reporting person's receipt of 40,807 shares of common stock was deferred, resulting in the reporting person's receipt instead of 40,807 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 40,807 shares of common stock in exchange for an equal number of deferred stock units. (F10) Each deferred stock unit is the economic equivalent of one share of common stock. (F11) 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. |