National Fuel Gas CEO granted 5,088 shares
NFG’s President and CEO recorded routine equity awards, deferred stock units, and tax-related share withholding, with no open-market stock sales reported.
Rhea-AI Filing Summary
NATIONAL FUEL GAS CO (NFG) reported that President and CEO David P. Bauer received equity-based compensation and related adjustments on September 16, 2026. He was granted 5,088 shares of common stock and deferred the receipt of 4,907 shares, instead receiving 4,907 deferred stock units under the company’s deferred compensation plan. In connection with the vesting of performance shares, 181 shares of common stock were withheld and cancelled to satisfy tax liabilities, with no shares sold into the market. Earlier in 2026 he also acquired deferred stock units through dividend reinvestment on January 15, April 15, and July 15.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Bauer David P
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units F6, F2, F7 | 4,907 | -- | -- |
| Grant/Award | Common Stock | 5,088 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 181 | $81.515 | $15K |
| Disposition | Common Stock F2 | 4,907 | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| Other | Deferred Stock Units F5, F6, F7 | 1,953 | $79.99 | $156K |
| Other | Deferred Stock Units F5, F6, F7 | 1,673 | $89.49 | $150K |
| Other | Deferred Stock Units F5, F6, F7 | 1,829 | $81.29 | $149K |
Holdings After Transaction:
Deferred Stock Units — 288,337 contracts (Direct);
Common Stock — 72,047 shares (Direct);
Common Stock — 15,775 shares (Indirect, 401K Trust);
Common Stock — 2,302 shares (Indirect, Held by daughter)
Footnotes (7)
- F1. On September 16, 2026, the reporting person had 181 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.
- F2. In connection with the vesting on September 16, 2026 of performance shares previously granted to the reporting person, the reporting person's receipt of 4,907 shares of common stock was deferred, resulting in the reporting person's receipt instead of 4,907 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 4,907 shares of common stock in exchange for an equal number of deferred stock units.
- F3. 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 September 16, 2026, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
- F4. Includes 23 shares acquired year-to-date in calendar 2026 through a dividend reinvestment plan, exempt under Rule 16a-11.
- F5. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
- 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.
Key Figures
Common stock grant: 5,088 shares
Deferred stock units (September 16, 2026): 4,907 units
Shares withheld for taxes: 181 shares
+4 more
7 metrics
Common stock grant
5,088 shares
Granted to David P. Bauer on September 16, 2026
Deferred stock units (September 16, 2026)
4,907 units
Deferred receipt of 4,907 common shares into deferred stock units
Shares withheld for taxes
181 shares
Withheld and cancelled on September 16, 2026 in respect of taxes at $81.515 per share
Deferred stock units (January 15, 2026)
1,829 units
Acquired through dividend reinvestment at $81.29 per unit equivalent
Deferred stock units (April 15, 2026)
1,673 units
Acquired through dividend reinvestment at $89.49 per unit equivalent
Deferred stock units (July 15, 2026)
1,953 units
Acquired through dividend reinvestment at $79.99 per unit equivalent
Indirect 401(k) holding
15,775 shares
Equivalent NFG shares represented by balance in NFG stock fund as of September 16, 2026
Key Terms
Deferred stock units, performance shares, dividend reinvestment plan, 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
"Includes 23 shares acquired year-to-date in calendar 2026 through a dividend reinvestment plan"
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.
Deferred Compensation Plan for Directors and Officers financial
"Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11"
Rule 16a-11 regulatory
"exempt under Rule 16a-11"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did NFG CEO David Bauer receive on September 16, 2026?
On September 16, 2026, David P. Bauer received 5,088 shares of NFG common stock and deferred the receipt of 4,907 shares, receiving instead 4,907 deferred stock units under National Fuel Gas Company’s deferred compensation plan.
What are the deferred stock units reported for NFG’s CEO?
Bauer received 4,907 deferred stock units on September 16, 2026, in exchange for deferring 4,907 shares of common stock. Footnotes state each deferred stock unit is the economic equivalent of one common share and becomes payable in shares after his termination of service.
What indirect NFG holdings are reported for David Bauer in this filing?
The filing shows an indirect position of 15,775 shares of NFG common stock through a 401(k) trust, based on the value of his balance in the NFG stock fund as of September 16, 2026, divided by that day’s closing price.
Did NFG’s CEO acquire additional deferred stock units earlier in 2026?
Yes. Bauer acquired 1,829, 1,673, and 1,953 deferred stock units on January 15, April 15, and July 15, 2026, respectively, through the dividend reinvestment feature of NFG’s Deferred Compensation Plan for Directors and Officers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
