Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2022-12-13 00:00:00 ET · period of report 2022-12-09 · accession 0001562180-22-008248 · 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 | 2022-12-13 | 2022-12-09+ | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | — | +14.9K | 84.9K | +21% | — |
| DM | 2022-12-13 | 2022-12-09+ | NFG | Bauer David P | Pres, CEO, Dir | F - Tax | $63.01 | -530 | 84.6K | -0.6% | -$33.4K |
| DM | 2022-12-13 | 2022-12-09+ | NFG | Bauer David P | Pres, CEO, Dir | D - Sale to Iss | — | -14.4K | 75.0K | -16% | — |
| DM | 2022-12-13 | 2022-12-09+ | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | $0.00 | -14.9K | 0 | -100% | $0 |
| DM | 2022-12-13 | 2022-12-09+ | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | — | +14.4K | 61.4K | +31% | — |
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 | 2022-12-09 | M | A | 5,059 | — | 80,106 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2022-12-09 | F | D | 180 | $63.01 | 79,926 | D | — | — | (F2) On December 9, 2022, the reporting person had 180 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. |
| 3 | Common | Common Stock | 2022-12-09 | D | D | 4,879 | — | 75,047 | D | — | — | (F3) In connection with the vesting on December 9, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 4,879 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,879 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,879 shares of common stock in exchange for an equal number of deferred stock units. |
| 4 | Common | Common Stock | 2022-12-10 | M | A | 9,855 | — | 84,902 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2022-12-10 | F | D | 350 | $63.01 | 84,552 | D | — | — | (F4) On December 10, 2022, the reporting person had 350 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. |
| 6 | Common | Common Stock | 2022-12-10 | D | D | 9,505 | — | 75,047 | D | — | — | (F5) In connection with the vesting on December 10, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,505 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,505 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,505 shares of common stock in exchange for an equal number of deferred stock units. |
| 7 | Derivative | Restricted Stock Units | 2022-12-10 | M | D | 9,855 | $0.00 | 9,856 | D | — · — to — | 9,855 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F10) On December 10, 2020, the reporting person was granted 29,566 restricted stock units, vesting as follows: 9,855 on December 10, 2021, 9,855 on December 10, 2022, and 9,856 on December 10, 2023. |
| 8 | Derivative | Deferred Stock Units | 2022-12-09 | A | A | 4,879 | — | 51,847 | D | — · — to — | 4,879 Common Stock | (F3) In connection with the vesting on December 9, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 4,879 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,879 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,879 shares of common stock in exchange for an equal number of deferred stock units. (F8) Each deferred stock unit is the economic equivalent of one share of common stock. (F9) 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. |
| 9 | Derivative | Deferred Stock Units | 2022-12-10 | A | A | 9,505 | — | 61,352 | D | — · — to — | 9,505 Common Stock | (F5) In connection with the vesting on December 10, 2022 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,505 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,505 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,505 shares of common stock in exchange for an equal number of deferred stock units. (F8) Each deferred stock unit is the economic equivalent of one share of common stock. (F9) 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. |
| 10 | Derivative | Restricted Stock Units | 2022-12-09 | M | D | 5,059 | $0.00 | 0 | D | — · — to — | 5,059 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On December 9, 2019, the reporting person was granted 15,176 restricted stock units, vesting as follows: 5,058 on December 9, 2020, 5,059 on December 9, 2021, and 5,059 on December 9, 2022. |