Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2023-12-08 00:00:00 ET · period of report 2023-12-06 · accession 0001562180-23-008241 · 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 | 2023-12-08 | 2023-12-06 | NFG | Bauer David P | Pres, CEO, Dir | F - Tax | $50.33 | -2,459 | 140.4K | -2% | -$123.8K |
| DM | 2023-12-08 | 2023-12-06 | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | $0.00 | +69.3K | 141.3K | +96% | $0 |
| D | 2023-12-08 | 2023-12-06 | NFG | Bauer David P | Pres, CEO, Dir | D - Sale to Iss | — | -66.9K | 73.5K | -48% | — |
| DM | 2023-12-08 | 2023-12-06 | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | $0.00 | +95.9K | 148.4K | +183% | $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 | 2023-12-06 | F | D | 1,612 | $50.33 | 117,409 | D | — | — | (F1) On December 6, 2023, the reporting person had 1,612 shares withheld and cancelled in respect of taxes in connection with 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. |
| 2 | Common | Common Stock | 2023-12-06 | A | A | 45,471 | $0.00 | 119,021 | D | — | — | |
| 3 | Common | Common Stock | 2023-12-06 | D | D | 66,886 | — | 73,550 | D | — | — | (F3) In connection with the vesting on December 6, 2023 of performance shares previously granted to the reporting person, the reporting person's receipt of 66,886 shares of common stock was deferred, resulting in the reporting person's receipt instead of 66,886 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 66,886 shares of common stock in exchange for an equal number of deferred stock units. |
| 4 | Common | Common Stock | 2023-12-06 | F | D | 847 | $50.33 | 140,436 | D | — | — | (F2) On December 6, 2023, the reporting person had 847 shares withheld and cancelled in respect of taxes in connection with 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 | 2023-12-06 | A | A | 23,874 | $0.00 | 141,283 | D | — | — | |
| 6 | Derivative | Restricted Stock Units | 2023-12-06 | A | A | 29,061 | $0.00 | 29,061 | D | — · — to — | 29,061 Common Stock | (F5) Each restricted stock unit represents a contingent right to receive one share of NFG common stock. (F6) On December 6, 2023, the reporting person was granted 29,061 restricted stock units, vesting as follows: 9,687 on December 6, 2024, 9,687 on December 6, 2025, and 9,687 on December 6 2026. |
| 7 | Derivative | Deferred Stock Units | 2023-12-06 | A | A | 66,886 | — | 148,450 | D | — · — to — | 66,886 Common Stock | (F3) In connection with the vesting on December 6, 2023 of performance shares previously granted to the reporting person, the reporting person's receipt of 66,886 shares of common stock was deferred, resulting in the reporting person's receipt instead of 66,886 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 66,886 shares of common stock in exchange for an equal number of deferred stock units. (F7) Each deferred stock unit is the economic equivalent of one share of common stock. (F8) 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. |