National Fuel Gas director receives 577-unit stock grant

The deferred stock units become payable in common shares after Anderson ends service as a director, under his distribution election.

Rhea-AI Filing Summary

National Fuel Gas Co. director David Hugo Anderson acquired 577 deferred stock units on October 1, 2026, through a quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan, deferred under his election in the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers. On July 15, 2026, he acquired 129 deferred stock units through that plan’s dividend-reinvestment feature, while the Anderson Family Trust acquired 1 common share through a dividend reinvestment plan and held 222 shares afterward. Anderson directly held 5,173 common shares as of October 1. Each deferred unit is the economic equivalent of one common share and becomes payable in common shares after his service as a director ends, under his distribution election.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider ANDERSON DAVID HUGO

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F4, F3	577	$75.89	$44K
holding	Common Stock	--	--	--
Other	Deferred Stock Units F2, F3	129	$79.99	$10K
Other	Common Stock F1	1	$79.676	$79.68

Holdings After Transaction: Deferred Stock Units — 19,939 contracts (Direct); Common Stock — 222 shares (Indirect, By Anderson Family Trust); Common Stock — 5,173 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 units acquired: 577 units Reported price per deferred stock unit: $75.89 per unit Deferred stock units acquired: 129 units +5 more

8 metrics

Deferred stock units acquired 577 units Quarterly grant on October 1, 2026

Reported price per deferred stock unit $75.89 per unit October 1, 2026 quarterly grant

Deferred stock units acquired 129 units Dividend-reinvestment feature on July 15, 2026

Reported price per deferred stock unit $79.99 per unit July 15, 2026 acquisition

Common shares acquired by Anderson Family Trust 1 share Dividend reinvestment on July 15, 2026

Reported price per common share $79.676 per share Anderson Family Trust acquisition on July 15, 2026

Anderson direct common shares held 5,173 shares As of October 1, 2026

Anderson Family Trust common shares held 222 shares Following the July 15, 2026 acquisition

Key Terms

Deferred Stock Units, dividend reinvestment plan, Rule 16a-11, distribution election

4 terms

Deferred Stock Units financial

"Each deferred stock unit is the economic equivalent of one share"

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"

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

"exempt under Rule 16a-11"

distribution election technical

"pursuant to the reporting person's distribution election"

FAQ

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

How many deferred stock units did NFG director David Hugo Anderson acquire?

Anderson acquired 577 deferred stock units on October 1, 2026, through a quarterly grant and 129 deferred stock units on July 15, 2026, through the dividend-reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.

When do NFG deferred stock units become payable?

The units become payable in shares of common stock after Anderson’s termination of service as a director, pursuant to his distribution election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.

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

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Available on EDGAR 10/02/2026 - 03:20 PM Accepted by SEC EDGAR 10/02/2026 - 03:20 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^*

ANDERSON DAVID HUGO

(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)
10/01/2026

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								5,173	D
Common Stock(1)	07/15/2026		J	V	1	A	$79.676	222	I	By Anderson Family 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
Deferred Stock Units(2)	(3)	07/15/2026		J	V	129		(3)	(3)	Common Stock	129	$79.99	19,362	D
Deferred Stock Units(4)	(3)	10/01/2026		A		577		(3)	(3)	Common Stock	577	$75.89	19,939	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	10/02/2026
	** 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)