Director at National Fuel Gas (NYSE: NFG) gets quarterly equity grant

Rhea-AI Filing Summary

National Fuel Gas Company director Jeffrey W. Shaw reported a compensation-related stock grant and updated holdings. He received an award of 564 shares of common stock at $77.63 per share, acquired through a quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan. Following this grant, he directly holds 36,798 common shares. The filing also shows an indirect holding of 100 common shares held by trust, reflecting beneficial ownership through that entity rather than a market purchase or sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SHAW JEFFREY W

Role null

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

Holdings After Transaction: Common Stock — 36,798 shares (Direct, null); Common Stock — 100 shares (Indirect, By trust)

Footnotes (1)

1. [object Object]

Key Figures

Equity grant size: 564 shares Grant price per share: $77.63 per share Direct holdings after grant: 36,798 shares +1 more

4 metrics

Equity grant size 564 shares Quarterly director grant of common stock

Grant price per share $77.63 per share Price used for the 564-share compensation award

Direct holdings after grant 36,798 shares Common stock directly owned by Jeffrey W. Shaw after the award

Indirect holdings by trust 100 shares Common stock held indirectly by trust

Key Terms

Grant, award, or other acquisition, Non-Employee Director Equity Compensation Plan, indirect ownership, Form 4

4 terms

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition"

Non-Employee Director Equity Compensation Plan financial

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

indirect ownership financial

""ownership_type": "indirect","ownership_code": "I""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:21 PM Accepted by SEC EDGAR 07/02/2026 - 04:20 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^*

SHAW JEFFREY W

(Last) (First) (Middle)

6363 MAIN ST

(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	36,798	D
Common Stock								100	I	By 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

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)

FAQ

What did Jeffrey W. Shaw report in this National Fuel Gas (NFG) Form 4 filing?

Jeffrey W. Shaw reported receiving 564 shares of National Fuel Gas common stock as a quarterly equity grant. The shares were awarded under the company’s 2009 Non-Employee Director Equity Compensation Plan and represent compensation, not an open-market purchase or sale.

How many National Fuel Gas (NFG) shares does Jeffrey W. Shaw hold after this grant?

After the grant, Jeffrey W. Shaw directly holds 36,798 shares of National Fuel Gas common stock. The Form 4 also reports an additional 100 shares held indirectly by a trust, reflecting his total reported beneficial ownership in the company’s common stock.

Was the National Fuel Gas (NFG) Form 4 transaction an open-market buy or sell?

The Form 4 shows a grant of 564 shares as compensation, coded as a grant or award acquisition. It was made through a quarterly equity grant plan, not an open-market purchase or sale, so it does not reflect discretionary trading activity in the market.

What plan provided the 564-share grant to the National Fuel Gas (NFG) director?

The 564-share grant to director Jeffrey W. Shaw came from the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan. This plan provides regular equity awards to non-employee directors as part of their compensation package for board service.

What indirect ownership does Jeffrey W. Shaw report in National Fuel Gas (NFG)?

The filing reports 100 shares of National Fuel Gas common stock held indirectly by Jeffrey W. Shaw through a trust. This entry reflects holdings attributed to him via the trust structure rather than shares he holds directly in his own name.