NFG director receives 564-share equity grant

National Fuel Gas Company director Barbara M. Baumann received a routine stock grant.

Rhea-AI Filing Summary

National Fuel Gas Company director Barbara M. Baumann received a routine stock grant. She acquired 564 shares of Common Stock on a compensation basis at an indicated value of $77.63 per share under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

After this quarterly equity award, she directly holds 22,323 Common Stock shares. This is a non-market, compensation-related acquisition rather than an open-market purchase or sale, and reflects ongoing director compensation in company equity.

Insider Trade Summary

Grant/Award: 564 shares

Grant/Award 1 txn

Insider BAUMANN BARBARA M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	564	$77.63	$44K

Holdings After Transaction: Common Stock — 22,323 shares (Direct)

Footnotes (1)

1. F1. Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

Key Figures

Shares granted: 564 shares Grant value per share: $77.63 per share Total shares after grant: 22,323 shares +1 more

4 metrics

Shares granted 564 shares Quarterly director equity grant of Common Stock

Grant value per share $77.63 per share Recorded value for the 564-share compensation grant

Total shares after grant 22,323 shares Director’s direct Common Stock holdings following the transaction

Transactions acquiring shares 1 transaction Form 4 shows one grant/award acquisition event

Key Terms

quarterly grant, Non-Employee Director Equity Compensation Plan, Common Stock, Grant, award, or other acquisition

4 terms

quarterly grant financial

"Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan."

Non-Employee Director Equity Compensation Plan financial

"under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan."

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

FAQ

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

What did National Fuel Gas (NFG) director Barbara Baumann report in this Form 4 filing?

Barbara M. Baumann reported receiving 564 shares of National Fuel Gas Common Stock. The shares were granted as part of her director compensation, not bought on the open market, and increased her direct holdings to 22,323 shares after the transaction.

Was the National Fuel Gas (NFG) share transaction a market purchase or a compensation grant?

The transaction was a compensation grant, not a market purchase. Baumann acquired 564 shares through a quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan, reflecting standard non-employee director equity compensation practices.

How many National Fuel Gas (NFG) shares does Barbara Baumann hold after this grant?

After receiving the 564-share grant, Barbara M. Baumann directly holds 22,323 shares of National Fuel Gas Common Stock. This figure, reported in the Form 4, shows her updated ownership following the routine quarterly equity award to a non-employee director.

What is the per-share value reported for Barbara Baumann’s National Fuel Gas (NFG) stock grant?

The Form 4 reports a per-share value of $77.63 for the 564-share grant. This value is used to record the compensation-related acquisition under the company’s 2009 Non-Employee Director Equity Compensation Plan, rather than representing an open-market trade price.

Which compensation plan governed the director stock grant at National Fuel Gas (NFG)?

The stock grant was made under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan. The footnote explains that the 564 shares were acquired through a quarterly grant provided to non-employee directors as part of their equity compensation package.

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

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Accepted by SEC EDGAR 07/02/2026 - 04:16 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^*

BAUMANN BARBARA M

(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)	07/01/2026		A		564	A	$77.63	22,323	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

Explanation of Responses:

1. Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

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)