Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2023-12-05 00:00:00 ET · period of report 2023-12-01 · accession 0001562180-23-008142 · 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 | 2023-12-05 | 2023-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | F - Tax | $51.22 | -470 | 79.7K | -0.6% | -$24.1K |
| DM | 2023-12-05 | 2023-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | D - Sale to Iss | — | -12.8K | 73.5K | -15% | — |
| DM | 2023-12-05 | 2023-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | — | +13.2K | 79.9K | +20% | — |
| DM | 2023-12-05 | 2023-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | $0.00 | -13.2K | 13.7K | -49% | $0 |
| DM | 2023-12-05 | 2023-12-01+ | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | — | +12.8K | 75.4K | +20% | — |
| DM | 2023-12-05 | 2023-07-14+ | NFG | Bauer David P | Pres, CEO, Dir | J - Other | $52.28 | +1,236 | 68.2K | +2% | +$64.6K |
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 | 2023-12-01 | F | D | 243 | $51.22 | 80,152 | D | — | — | (F2) On December 1, 2023, the reporting person had 243 shares withheld and cancelled in respect of taxes in connection with 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. |
| 2 | Common | Common Stock | 2023-12-02 | D | D | 6,161 | — | 73,550 | D | — | — | (F5) In connection with the vesting on December 2, 2023 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. |
| 3 | Common | Common Stock | 2023-12-01 | M | A | 6,845 | — | 80,395 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2023-12-02 | F | D | 227 | $51.22 | 79,711 | D | — | — | (F4) On December 2, 2023, the reporting person had 227 shares withheld and cancelled in respect of taxes in connection with 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. |
| 5 | Common | Common Stock | 2023-12-01 | D | D | 6,602 | — | 73,550 | D | — | — | (F3) In connection with the vesting on December 1, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,602 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,602 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,602 shares of common stock in exchange for an equal number of deferred stock units. |
| 6 | Common | Common Stock | 2023-12-02 | M | A | 6,388 | — | 79,938 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 7 | Derivative | Restricted Stock Units | 2023-12-02 | M | D | 6,388 | $0.00 | 6,388 | D | — · — to — | 6,388 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F11) 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. |
| 8 | Derivative | Deferred Stock Units | 2023-12-02 | A | A | 6,161 | — | 81,564 | D | — · — to — | 6,161 Common Stock | (F5) In connection with the vesting on December 2, 2023 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. (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 for Directors and Officers. |
| 9 | Derivative | Restricted Stock Units | 2023-12-01 | M | D | 6,845 | $0.00 | 13,691 | D | — · — to — | 6,845 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F10) 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 | 2023-10-13 | J | A | 626 | $53.91 | 68,801 | D | — · — to — | 626 Common Stock | (F7) Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11. (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 for Directors and Officers. |
| 11 | Derivative | Deferred Stock Units | 2023-07-14 | J | A | 610 | $50.61 | 68,175 | D | — · — to — | 610 Common Stock | (F7) Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11. (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 for Directors and Officers. |
| 12 | Derivative | Deferred Stock Units | 2023-12-01 | A | A | 6,602 | — | 75,403 | D | — · — to — | 6,602 Common Stock | (F3) In connection with the vesting on December 1, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 6,602 shares of common stock was deferred, resulting in the reporting person's receipt instead of 6,602 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 6,602 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 for Directors and Officers. |