[Form 4] NATIONAL FUEL GAS CO Insider Trading Activity

Rhea-AI Filing Summary

Ronald J. Tanski, a director of National Fuel Gas Company (NFG), acquired 471 shares of the issuer's common stock on 10/01/2025 at a reported price of $92.955 per share. The shares were granted through the company's 2009 Non-Employee Director Equity Compensation Plan as a quarterly grant. After the acquisition, the reporting person beneficially owned 357,918 shares. The Form 4 was filed as a single reporting person filing and is signed by an attorney-in-fact on 10/02/2025.

Positive

• 471-share acquisition recorded under the company equity plan on 10/01/2025
• Beneficial ownership increased to 357,918 shares following the grant

Negative

• None.

Insights

Corporate Governance Expert

Director received a routine quarterly equity grant of 471 shares on 10/01/2025.

This filing shows a non-employee director award under the 2009 Non-Employee Director Equity Compensation Plan; the transaction is coded A (acquisition) and described as a quarterly grant. The grant increased the director's beneficial holdings to 357,918 shares, a factual change in ownership disclosed to regulators.

The filing is procedural and limited in size: 471 shares at $92.955 per share. There is no disclosure in the form of option exercises, sales, or other derivative activity, and no additional material events are reported.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

TANSKI RONALD J

(Last) (First) (Middle)

6363 MAIN STREET

(Street)

WILLIAMSVILLE NY 14221

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	10/01/2025		A		471	A	$92.955	357,918	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	10/02/2025
	** 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.

FAQ

What transaction did NFG director Ronald J. Tanski report on Form 4?

The director reported an acquisition of 471 shares on 10/01/2025 at a price of $92.955 per share.

How were the 471 NFG shares acquired?

The shares were acquired through a quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

What is Ronald J. Tanski's total beneficial ownership after the reported transaction?

The Form 4 discloses total beneficial ownership of 357,918 shares following the transaction.

When was the Form 4 filing signed and who signed it?

The filing shows the signature by J. P. Baetzhold, Attorney in Fact with a signature date of 10/02/2025.

Was the Form 4 filed individually or jointly?

The form indicates it was filed by one reporting person (individual filing).