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Filing Details

Accession Number:: 0001562180-21-007804
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-20 17:57:21
Reporting Period:: 2021-12-16

Accepted Time:: 2021-12-20 17:57:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
70145	National Fuel Gas Co	NFG	Natural Gas Distribution (4924)	131086010

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1858812	I Justin Loweth	1201 Louisiana St Suite 2600 Houston TX 77002	Pres - Seneca Resources	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-12-16	5,548	$53.05	35,720	No	4	M	Direct
Common Stock	Disposition	2021-12-16	4,692	$62.73	31,028	No	4	D	Direct
Common Stock	Disposition	2021-12-16	337	$62.73	30,691	No	4	F	Direct
Common Stock	Disposition	2021-12-16	3,917	$63.23	26,774	No	4	S	Direct
Common Stock	Acquisiton	2021-12-19	1,033	$0.00	27,807	No	4	M	Direct
Common Stock	Disposition	2021-12-19	407	$62.38	27,400	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	D	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Appreciation Right	Disposition	2021-12-16	5,548	$0.00	5,548	$53.05
Common Stock	Restricted Stock Units	Disposition	2021-12-19	1,033	$0.00	1,033	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2022-12-19	No	4	M	Direct
0			No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	8,745	Indirect	401K Trust
Common Stock	225	Indirect	Held by Spouse
Common Stock	300	Indirect	Held by Son
Common Stock	200	Indirect	Held by Daughter

Footnotes

On December 16, 2021, the reporting person exercised a stock appreciation right with respect to 5,548 shares of Common Stock of the Company. In connection with this exercise, the reporting person was deemed to have sold back to the Company shares of Common Stock of the Company having a value equal to the exercise price of the stock appreciation right. This deemed sale of 4,692 shares is shown on Table I as a disposition (Transaction Code "D" in column 4),although none of these shares were sold into the open market, as indicated by Transaction Code "D" in column 3. Additionally, the reporting person had 337 shares of Common Stock of the Company withheld and cancelled to cover minimum tax withholding. This share cancellation is shown on Table I as a disposition (Transaction Code "D" in column 4), although none of these shares were sold into the open market, as indicated by Transaction Code "F" in column 3.
The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.21 to $63.28, inclusive. The reporting person undertakes to provide National Fuel Gas Company, any security holder of National Fuel Gas Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Restricted stock units convert into common stock on a one-for-one basis.
On December 19, 2021, the reporting person had 407 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.
The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of December 17, 2021, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
On December 19, 2012, the reporting person was granted 8,321 stock appreciation rights, vesting as follows: 2,773 on December 19, 2013, 2,774 on December 19, 2014, and 2,774 on December 19, 2015.
On December 19, 2018, the reporting person was granted 3,097 restricted stock units, vesting as follows: 1,032 on December 19, 2019, 1,032,on December 19, 2020, and 1,033 on December 19, 2021.