National Fuel Gas director granted 564 deferred units

National Fuel Gas Company director Rebecca Ranich reported routine equity compensation and dividend reinvestment activity.

Rhea-AI Filing Summary

National Fuel Gas Company director Rebecca Ranich reported routine equity compensation and dividend reinvestment activity. She received 564 deferred stock units as a grant under the company’s non-employee director equity plan at an equivalent price of $77.63 per unit, which are deferred into the director and officer deferred compensation plan.

Footnotes state additional common shares and deferred stock units were acquired through dividend reinvestment features, exempt under Rule 16a-11. After these transactions, Ranich directly holds 19,233 deferred stock units and 18,025 shares of common stock, indicating ongoing equity-based compensation and reinvestment rather than open-market trading.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Ranich Rebecca

Role Director

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	106	$89.708	$10K

Holdings After Transaction: Deferred Stock Units — 19,233 contracts (Direct); Common Stock — 18,025 shares (Direct)

Footnotes (4)

1. F1. Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
2. F2. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
3. F3. 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.
4. F4. 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 deferred stock units at $77.63 Deferred stock units held: 19,233 units Common shares through restructuring: 106 shares at $89.708 +2 more

5 metrics

Deferred stock unit grant 564 deferred stock units at $77.63 Quarterly grant under 2009 Non-Employee Director Equity Compensation Plan

Deferred stock units held 19,233 units Deferred stock units outstanding after July 1, 2026 grant

Common shares through restructuring 106 shares at $89.708 Code J other acquisition or disposition on April 15, 2026

Deferred units through restructuring 108 units at $89.49 Code J other acquisition or disposition on April 15, 2026

Common stock held 18,025 shares Directly owned common shares after April 15, 2026 transaction

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

"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

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

What did Rebecca Ranich report in her latest Form 4 for NFG?

Rebecca Ranich reported receiving 564 deferred stock units as a routine equity grant and additional shares through dividend reinvestment, all tied to National Fuel Gas compensation and reinvestment plans, with no open-market purchases or sales disclosed in this filing.

How many National Fuel Gas deferred stock units does Rebecca Ranich now hold?

After the reported transactions, Rebecca Ranich holds 19,233 deferred stock units. Each unit is economically equivalent to one share of common stock and becomes payable in common shares after her service as a director ends, according to her distribution election.

How many National Fuel Gas common shares does Rebecca Ranich directly own after these transactions?

Following the reported activity, Rebecca Ranich directly owns 18,025 shares of National Fuel Gas common stock. Some of the additional common shares were acquired through a dividend reinvestment plan that is exempt under Rule 16a-11 for reporting purposes.

What is the nature of the 564 deferred stock units granted to Rebecca Ranich?

The 564 deferred stock units represent a quarterly grant under the National Fuel Gas 2009 Non-Employee Director Equity Compensation Plan. These units are deferred into the Deferred Compensation Plan for Directors and Officers and will be settled in common stock after her board service ends.

Were Rebecca Ranich’s National Fuel Gas transactions open-market buys or sells?

The filing does not show any open-market buys or sells. It reports a grant of deferred stock units and acquisitions through dividend reinvestment plans, which are described as exempt under Rule 16a-11 and classified as other acquisitions or dispositions.

How are Rebecca Ranich’s deferred stock units in National Fuel Gas ultimately settled?

Each deferred stock unit is economically equivalent to one share of National Fuel Gas common stock. According to the filing, the units become payable in shares of common stock after her termination of service as a director, under her distribution election.

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

Accepted by SEC EDGAR 07/02/2026 - 04:20 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^*

Ranich Rebecca

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

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
Common Stock(1)	04/15/2026		J	V	106	A	$89.708	18,025	D

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(2)	(3)	04/15/2026		J	V	108		(3)	(3)	Common Stock	108	$89.49	18,669	D
Deferred Stock Units(4)	(3)	07/01/2026		A		564		(3)	(3)	Common Stock	564	$77.63	19,233	D

Explanation of Responses:

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

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

3. 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.

4. 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	07/02/2026
	** 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)