National Fuel Gas grants David F. Smith 577 stock units

The deferred units are economically equivalent to common shares and become payable after the director’s service ends, under his distribution election.

Rhea-AI Filing Summary

National Fuel Gas Company director David F. Smith acquired 129 deferred stock units on July 15, 2026, through the Deferred Compensation Plan for Directors and Officers’ dividend reinvestment feature, and 577 deferred stock units in a quarterly grant on October 1, 2026, under the 2009 Non-Employee Director Equity Compensation Plan. The reported per-share amounts were $79.99 and $75.89, respectively. Each unit is economically equivalent to one common share and becomes payable in common shares after Smith’s termination as a director, under his distribution election.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SMITH DAVID F

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F3, F2	577	$75.89	$44K
Other	Deferred Stock Units F1, F2	129	$79.99	$10K

Holdings After Transaction: Deferred Stock Units — 19,939 contracts (Direct)

Footnotes (3)

1. F1. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
2. F2. 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.
3. F3. 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 units acquired: 129 units Deferred stock units granted: 577 units Reported per-share amount: $79.99 per share +1 more

4 metrics

Deferred stock units acquired 129 units Acquired through the dividend reinvestment feature on July 15, 2026

Deferred stock units granted 577 units Quarterly grant on October 1, 2026

Reported per-share amount $79.99 per share 129 deferred stock units acquired July 15, 2026

Reported per-share amount $75.89 per share 577 deferred stock units granted October 1, 2026

Key Terms

deferred stock units, dividend reinvestment feature, distribution election, Rule 16a-11

4 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 feature financial

"Acquired through dividend reinvestment feature"

distribution election financial

"pursuant to the reporting person's distribution election"

Rule 16a-11 regulatory

"exempt under Rule 16a-11"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many deferred stock units did NFG director David F. Smith acquire?

David F. Smith acquired 129 deferred stock units on July 15, 2026, through the plan’s dividend reinvestment feature, and 577 units on October 1, 2026, in a quarterly grant. The grant was under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

When can NFG director David F. Smith’s deferred stock units be paid?

Each deferred stock unit is economically equivalent to one share of common stock and becomes payable in shares after the reporting person’s termination of service as a director, under the reporting person’s distribution election.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 03:35 PM Accepted by SEC EDGAR 10/02/2026 - 03:34 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SMITH DAVID F

(Last) (First) (Middle)

6363 MAIN ST.

(Street)

WILLIAMSVILLE NEW YORK 14221

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NATIONAL FUEL GAS CO [ NFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units(1)	(2)	07/15/2026		J	V	129		(2)	(2)	Common Stock	129	$79.99	19,362	D
Deferred Stock Units(3)	(2)	10/01/2026		A		577		(2)	(2)	Common Stock	577	$75.89	19,939	D

Explanation of Responses:

1. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.

2. 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.

3. 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.

Remarks:

	J. P. Baetzhold, Attorney in Fact	10/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)