Form 4 for NFG NATIONAL FUEL GAS CO
Accepted 2023-12-12 00:00:00 ET · period of report 2023-12-10 · accession 0001562180-23-008304 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-12 | 2023-12-10 | NFG | Bauer David P | Pres, CEO, Dir | F - Tax | $50.74 | -350 | 83.1K | -0.4% | -$17.8K |
| D | 2023-12-12 | 2023-12-10 | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | — | +9,856 | 83.4K | +13% | — |
| D | 2023-12-12 | 2023-12-10 | NFG | Bauer David P | Pres, CEO, Dir | D - Sale to Iss | — | -9,506 | 73.5K | -11% | — |
| D | 2023-12-12 | 2023-12-10 | NFG | Bauer David P | Pres, CEO, Dir | A - Grant | — | +9,506 | 158.0K | +6% | — |
| D | 2023-12-12 | 2023-12-10 | NFG | Bauer David P | Pres, CEO, Dir | M - OptEx | $0.00 | -9,856 | 0 | -100% | $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 | 2023-12-10 | F | D | 350 | $50.74 | 83,056 | D | — | — | (F2) On December 10, 2023, the reporting person had 350 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 | 2023-12-10 | M | A | 9,856 | — | 83,406 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2023-12-10 | D | D | 9,506 | — | 73,550 | D | — | — | (F3) In connection with the vesting on December 10, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,506 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,506 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,506 shares of common stock in exchange for an equal number of deferred stock units. |
| 4 | Derivative | Deferred Stock Units | 2023-12-10 | A | A | 9,506 | — | 157,956 | D | — · — to — | 9,506 Common Stock | (F3) In connection with the vesting on December 10, 2023 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 9,506 shares of common stock was deferred, resulting in the reporting person's receipt instead of 9,506 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 9,506 shares of common stock in exchange for an equal number of deferred stock units. (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 National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers. |
| 5 | Derivative | Restricted Stock Units | 2023-12-10 | M | D | 9,856 | $0.00 | 0 | D | — · — to — | 9,856 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F5) 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. |