National Fuel Gas (NFG) director adds deferred stock units via company plans
Rhea-AI Filing Summary
National Fuel Gas Co director Thomas E. Skains reported compensation-related changes in his deferred equity holdings. He received a grant of 564 Deferred Stock Units at $77.63 per unit under the company’s non-employee director equity compensation plan, which are deferred under the deferred compensation plan.
He also acquired 108 Deferred Stock Units at $89.49 per unit through the dividend reinvestment feature of the deferred compensation plan. Each deferred stock unit is economically equivalent to one share of common stock and will be paid in shares after he leaves the board, according to his distribution election. Following these transactions, he holds 19,233 Deferred Stock Units directly.
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Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SKAINS THOMAS E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 564 | $77.63 | $44K |
| Other | Deferred Stock Units | 108 | $89.49 | $10K |
Holdings After Transaction:
Deferred Stock Units — 19,233 shares (Direct)
Footnotes (3)
- F1. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
- F2. 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.
- F3. 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 units at $77.63
Dividend reinvestment units: 108 units at $89.49
Deferred units outstanding: 19,233 units
+2 more
5 metrics
Deferred Stock Unit grant
564 units at $77.63
Quarterly grant under 2009 Non-Employee Director Equity Compensation Plan
Dividend reinvestment units
108 units at $89.49
Acquired via dividend reinvestment feature of deferred compensation plan
Deferred units outstanding
19,233 units
Deferred Stock Units held directly after reported transactions
Conversion ratio
1 unit : 1 share
Each deferred stock unit equals one share of common stock
Rule 16a-11 exemption
Dividend reinvestment
Units from dividend reinvestment exempt under Rule 16a-11
Key Terms
Deferred Stock Units, dividend reinvestment, Deferred Compensation Plan for Directors and Officers, Rule 16a-11, +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 financial
"Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Deferred Compensation Plan for Directors and Officers financial
"Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11."
Rule 16a-11 regulatory
"Acquired through dividend reinvestment feature ... exempt under Rule 16a-11."
Non-Employee Director Equity Compensation Plan financial
"quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan"
FAQ
What insider transactions did National Fuel Gas (NFG) director Thomas E. Skains report?
Thomas E. Skains reported receiving 564 Deferred Stock Units as a quarterly grant and 108 units through dividend reinvestment. Both transactions relate to company compensation and deferred compensation plans, increasing his total deferred stock unit holdings to 19,233.
How many Deferred Stock Units does Thomas E. Skains now hold at National Fuel Gas (NFG)?
After the reported transactions, Thomas E. Skains holds 19,233 Deferred Stock Units directly. These units represent compensation deferred under company plans and are economically equivalent to common shares, payable in stock after he terminates service as a director.
How were the new Deferred Stock Units for National Fuel Gas (NFG) director acquired?
Skains acquired 564 Deferred Stock Units through a quarterly grant under the 2009 Non-Employee Director Equity Compensation Plan. He obtained an additional 108 units via the dividend reinvestment feature of the Deferred Compensation Plan for Directors and Officers.
What is a Deferred Stock Unit in the context of National Fuel Gas (NFG)?
Each Deferred Stock Unit at National Fuel Gas is the economic equivalent of one share of common stock. Units are credited under company compensation plans and become payable in actual shares of common stock after a director’s termination of service, following their distribution election.
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