National Fuel Gas exec granted 2,784 shares

NFG executive Justin Loweth received a stock award and had shares withheld for taxes, with additional indirect and family holdings reported.

Rhea-AI Filing Summary

NATIONAL FUEL GAS CO (NFG) reported insider equity compensation activity for Justin I. Loweth, President of Seneca Resources. On September 16, 2026, he received a grant of 2,784 shares of common stock. On the same date, 1,096 shares were withheld and cancelled to cover tax liabilities related to vesting performance shares; these shares were not sold into the market. Indirect holdings include interests equivalent to 11,652 shares in a 401(k) stock fund and family holdings of 225, 300, and 200 shares held by his spouse, son, and daughter.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Loweth Justin I

Role Pres - Seneca Resources

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	2,784	$0.00	$0.00
Tax Withholding	Common Stock F1	1,096	$81.515	$89K
holding	Common Stock F2	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 76,757 shares (Direct); Common Stock — 11,652 shares (Indirect, 401K Trust); Common Stock — 225 shares (Indirect, Held by Spouse); Common Stock — 300 shares (Indirect, Held by Son); Common Stock — 200 shares (Indirect, Held by Daughter)

Footnotes (2)

1. F1. On September 16, 2026, the reporting person had 1,096 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.
2. F2. 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 award: 2,784 shares of NFG common stock Shares withheld for taxes: 1,096 shares Tax withholding valuation price: $81.515 per share +4 more

7 metrics

Stock award 2,784 shares of NFG common stock Grant/award to Justin I. Loweth on September 16, 2026

Shares withheld for taxes 1,096 shares Withheld and cancelled for tax liability on vesting performance shares on September 16, 2026

Tax withholding valuation price $81.515 per share Value applied to 1,096 shares withheld for taxes on September 16, 2026

Indirect 401(k) holding equivalent 11,652 shares Equivalent NFG shares represented by NFG stock fund balance in 401(k) as of September 16, 2026

Spouse-held shares 225 shares Indirect ownership reported as held by spouse

Son-held shares 300 shares Indirect ownership reported as held by son

Daughter-held shares 200 shares Indirect ownership reported as held by daughter

Key Terms

performance shares, NFG 401(k) plan, stock fund, withheld and cancelled

4 terms

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

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

withheld and cancelled financial

"had 1,096 shares withheld and cancelled in respect of taxes"

FAQ

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

What insider transactions did NFG executive Justin Loweth report on September 16, 2026?

Justin I. Loweth reported a grant of 2,784 NFG common shares and a separate disposition where 1,096 shares were withheld and cancelled to pay taxes related to vesting performance shares. The withheld shares were not sold into the market.

At what price were the 1,096 NFG shares withheld for Justin Loweth’s taxes valued?

The 1,096 shares withheld and cancelled for Justin Loweth’s tax liability were valued at $81.515 per share, according to the Form 4 transaction details.

Were Justin Loweth’s NFG tax-withholding share dispositions market sales?

No. The filing states that 1,096 shares were withheld and cancelled to satisfy taxes related to vesting performance shares and that none of these cancelled shares were sold into the market.

What indirect NFG holdings does Justin Loweth report in the Form 4?

Justin Loweth reports indirect interests in 11,652 shares through the NFG stock fund in the NFG 401(k) plan, plus family holdings of 225 shares held by his spouse, 300 shares held by his son, and 200 shares held by his daughter.

Was a Rule 10b5-1 trading plan involved in Justin Loweth’s NFG transactions?

No. The Form 4 indicates that no Rule 10b5-1 trading plan was reported for these transactions, as the related checkbox was not marked affirmatively.

What does the footnote say about Justin Loweth’s NFG 401(k) stock fund holdings?

The footnote 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 and cash, and that the 11,652 shares figure is derived by dividing his dollar balance 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 →

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Available on EDGAR 09/17/2026 - 06:15 PM Accepted by SEC EDGAR 09/17/2026 - 06:14 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^*

Loweth Justin I

(Last) (First) (Middle)

1201 LOUISIANA ST

SUITE 2600

(Street)

HOUSTON TEXAS 77002

(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)
	Pres - Seneca Resources

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	09/16/2026		A		2,784	A	$0.00	77,853	D
Common Stock	09/16/2026		F		1,096(1)	D	$81.515	76,757	D
Common Stock								11,652(2)	I	401K Trust
Common Stock								225	I	Held by Spouse
Common Stock								300	I	Held by Son
Common Stock								200	I	Held by Daughter

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. On September 16, 2026, the reporting person had 1,096 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.

2. 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)