National Fuel Gas CAO awarded 236 shares

NFG’s Controller and Chief Accounting Officer reported stock awards, dividend reinvestment acquisitions, tax withholding share cancellations, and 401(k) fund holdings.

Rhea-AI Filing Summary

NATIONAL FUEL GAS CO (NFG) reported insider equity activity by Controller and Chief Accounting Officer Elena G. Mendel. On September 16, 2026, she received a grant of 236 shares of common stock, and had 121 shares withheld to satisfy tax liabilities related to vesting performance shares; these withheld shares were not sold into the market.

Separately, she acquired 87 shares on January 15, 2026, 80 shares on April 15, 2026, and 93 shares on July 15, 2026 through a dividend reinvestment plan exempt under Rule 16a-11. As of September 16, 2026, she also held 7,764 shares indirectly through a 401(k) stock fund, based on the plan-reported dollar value divided by that day’s closing price. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Mendel Elena G

Role Controller & Chf Acct Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	236	$0.00	$0.00
Tax Withholding	Common Stock F2	121	$81.515	$10K
holding	Common Stock F3	--	--	--
Other	Common Stock F1	93	$79.736	$7K
Other	Common Stock F1	80	$89.768	$7K
Other	Common Stock F1	87	$81.885	$7K

Holdings After Transaction: Common Stock — 13,660 shares (Direct); Common Stock — 7,764 shares (Indirect, 401K Trust)

Footnotes (3)

1. F1. Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
2. F2. On September 16, 2026, the reporting person had 121 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.
3. 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.

Key Figures

Stock grant: 236 shares Shares withheld for taxes: 121 shares Dividend reinvestment acquisition (Jan 15, 2026): 87 shares at $81.885 per share +3 more

6 metrics

Stock grant 236 shares Common stock granted to Elena G. Mendel on September 16, 2026

Shares withheld for taxes 121 shares Withheld and cancelled at $81.515 per share on September 16, 2026 for tax liability on vesting performance shares

Dividend reinvestment acquisition (Jan 15, 2026) 87 shares at $81.885 per share Acquired through dividend reinvestment plan exempt under Rule 16a-11

Dividend reinvestment acquisition (Apr 15, 2026) 80 shares at $89.768 per share Acquired through dividend reinvestment plan exempt under Rule 16a-11

Dividend reinvestment acquisition (Jul 15, 2026) 93 shares at $79.736 per share Acquired through dividend reinvestment plan exempt under Rule 16a-11

Indirect 401(k) holdings 7,764 shares Equivalent NFG common shares represented by units in the NFG stock fund under the NFG 401(k) plan as of September 16, 2026

Key Terms

dividend reinvestment plan, Rule 16a-11, performance shares, NFG 401(k) plan, +1 more

5 terms

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."

performance shares financial

"in respect of taxes in connection with the vesting of performance shares."

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

NFG 401(k) plan financial

"The NFG stock fund under the NFG 401(k) plan is denominated in units"

stock fund financial

"represents the dollar value of the reporting person's balance in the NFG stock fund"

FAQ

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

What stock award did NFG insider Elena G. Mendel report receiving for NFG?

Elena G. Mendel reported a grant of 236 shares of NFG common stock on September 16, 2026. The filing describes this as a grant, award, or other acquisition of shares, with no purchase price stated.

How many NFG shares were withheld for taxes in this Form 4 filing for NFG?

The filing reports that 121 shares of NFG common stock were withheld and cancelled on September 16, 2026 at $81.515 per share to cover tax liabilities tied to vesting performance shares. The shares were not sold into the market.

What dividend reinvestment transactions did NFG’s insider report for NFG stock?

Mendel acquired NFG shares through a dividend reinvestment plan: 87 shares at $81.885 on January 15, 2026, 80 shares at $89.768 on April 15, 2026, and 93 shares at $79.736 on July 15, 2026, all exempt under Rule 16a-11.

How many NFG shares does Elena G. Mendel hold indirectly through the 401(k) plan?

As of September 16, 2026, she held an indirect interest equivalent to 7,764 shares of NFG common stock via the NFG stock fund in the NFG 401(k) plan. This figure is based on the plan-reported dollar balance divided by that day’s closing stock price.

Were the NFG insider transactions reported under a Rule 10b5-1 trading plan?

No. The Form 4 indicates that the Rule 10b5-1 checkbox is not marked, and the footnotes do not state that any of the reported NFG transactions were executed under a Rule 10b5-1 or similar pre-arranged trading plan.

What does the Form 4 say about the NFG 401(k) stock fund reported for NFG?

The filing explains that the NFG stock fund in the NFG 401(k) plan is denominated in units representing interests in a fund holding NFG common stock plus cash. The reported share amount equals the dollar balance divided by NFG’s closing price on September 16, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/17/2026 - 06:21 PM Accepted by SEC EDGAR 09/17/2026 - 06:20 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^*

Mendel Elena G

(Last) (First) (Middle)

6363 MAIN STREET

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Controller & Chf Acct Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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
Common Stock	01/15/2026		J	V	87(1)	A	$81.885	13,372	D
Common Stock	04/15/2026		J	V	80(1)	A	$89.768	13,452	D
Common Stock	07/15/2026		J	V	93(1)	A	$79.736	13,545	D
Common Stock	09/16/2026		A		236	A	$0.00	13,781	D
Common Stock	09/16/2026		F		121(2)	D	$81.515	13,660	D
Common Stock								7,764(3)	I	401K Trust

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

Explanation of Responses:

1. Acquired through dividend reinvestment plan, exempt under Rule 16a-11.

2. On September 16, 2026, the reporting person had 121 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.

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 September 16, 2026, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

Remarks:

	J. P. Baetzhold, Attorney in Fact	09/17/2026
	** 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)