National Fuel Gas (NFG) director adds deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
National Fuel Gas Company director David C. Carroll reported routine equity-related transactions. On July 1, 2026, he received a grant of 564 deferred stock units, economically equivalent to common shares, at a reference price of $77.63 under the company’s non-employee director equity plan and deferred into the deferred compensation plan. Earlier, on April 15, 2026, he had two “other” transactions: 182 shares of common stock acquired through a dividend reinvestment plan and 108 deferred stock units acquired through the deferred compensation plan’s dividend reinvestment feature, both exempt under Rule 16a-11. Following these activities, he directly holds 30,804 shares of common stock and 19,233 deferred stock units, reflecting ongoing director compensation and reinvestment rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Carroll David C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 564 | $77.63 | $44K |
| Other | Deferred Stock Units | 108 | $89.49 | $10K |
| Other | Common Stock | 182 | $89.708 | $16K |
Holdings After Transaction:
Deferred Stock Units — 19,233 shares (Direct, null);
Common Stock — 30,804 shares (Direct, null)
Footnotes (1)
- Acquired through dividend reinvestment plan, exempt under Rule 16a-11. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11. Each deferred stock unit is the economic equivalent of one share of common stock. The deferred stock units become payable, in shares of common stock, after the reporting person's termination of service as a director, pursuant to the reporting person's distribution election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers. Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan, and deferred pursuant to the reporting person's election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.
Key Figures
Deferred stock unit grant: 564 units at $77.63
Post-transaction deferred units: 19,233 units
Dividend reinvestment common shares: 182 shares at $89.708
+3 more
6 metrics
Deferred stock unit grant
564 units at $77.63
Grant of deferred stock units on July 1, 2026
Post-transaction deferred units
19,233 units
Deferred stock units held after July 1, 2026 grant
Dividend reinvestment common shares
182 shares at $89.708
Common stock acquired via dividend reinvestment on April 15, 2026
Dividend reinvestment deferred units
108 units at $89.49
Deferred stock units via dividend reinvestment on April 15, 2026
Post-transaction common shares
30,804 shares
Common stock directly held after April 15, 2026
Restructuring-related transactions
290 shares/units
Shares and units in “other” transactions (code J) on April 15, 2026
Key Terms
Deferred Stock Units, dividend reinvestment plan, Rule 16a-11, Deferred Compensation Plan for Directors and Officers, +1 more
5 terms
Deferred Stock Units financial
"Each deferred stock unit is the economic equivalent of one share of common stock."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend reinvestment plan financial
"Acquired through dividend reinvestment plan, exempt under Rule 16a-11."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Rule 16a-11 regulatory
"Acquired through dividend reinvestment plan, exempt under Rule 16a-11."
Deferred Compensation Plan for Directors and Officers financial
"feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11."
2009 Non-Employee Director Equity Compensation Plan financial
"quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan"
FAQ
What did National Fuel Gas (NFG) director David C. Carroll report on this Form 4?
He reported a grant of 564 deferred stock units and dividend reinvestment acquisitions of 182 common shares and 108 deferred stock units. These moves reflect routine director compensation and plan reinvestments, not open-market buying or selling activity.
Were David C. Carroll’s National Fuel Gas transactions open-market purchases or sales?
No, the Form 4 shows no open-market buys or sells. The common shares and deferred stock units were acquired through a dividend reinvestment plan, a deferred compensation plan feature, and a quarterly director equity grant, all categorized as exemptions or routine awards.
What does the grant of 564 deferred stock units to the NFG director represent?
The 564 deferred stock units are a quarterly equity grant under the 2009 Non-Employee Director Equity Compensation Plan, deferred into the Deferred Compensation Plan. Each unit is economically equivalent to one common share and becomes payable in stock after his board service ends.