NFG director granted 469 deferred stock units

National Fuel Gas Company director Steven C. Finch reported routine changes in his deferred stock unit holdings.

Rhea-AI Filing Summary

National Fuel Gas Company director Steven C. Finch reported routine changes in his deferred stock unit holdings. On April 1, 2026, he received a grant of 469 deferred stock units at an indicated value of $93.29 per unit under the company’s non-employee director equity plan, deferred into the Deferred Compensation Plan for Directors and Officers.

The filing also reflects a prior January 15, 2026 acquisition of 115 deferred stock units through the plan’s dividend reinvestment feature. Each deferred stock unit is economically equivalent to one share of common stock and will be paid in shares after Finch’s service as a director ends, according to his distribution election. Following these transactions, he holds 18,561 deferred stock units directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Finch Steven C.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	469	$93.29	$44K
Other	Deferred Stock Units	115	$81.29	$9K

Holdings After Transaction: Deferred Stock Units — 18,561 contracts (Direct)

Footnotes (3)

1. F1. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
2. 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.
3. 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: 469 units Grant reference value: $93.29 per unit Dividend reinvestment units: 115 units +3 more

6 metrics

Deferred stock unit grant 469 units Quarterly director grant on April 1, 2026

Grant reference value $93.29 per unit Value associated with 469-unit grant

Dividend reinvestment units 115 units Acquired January 15, 2026 via dividend reinvestment

Dividend reinvestment value $81.29 per unit Reference price for 115-unit acquisition

Total deferred stock units held 18,561 units Holdings after April 1, 2026 transactions

Restructuring-designated units 115 units Classified as other transaction (code J) in summary

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"

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

"pursuant to the reporting person's distribution election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers"

Rule 16a-11 regulatory

"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

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

What insider transactions did NFG director Steven C. Finch report on this Form 4?

Steven C. Finch reported acquiring deferred stock units through routine plan activity. He received 469 units as a quarterly director grant and 115 units via dividend reinvestment, both under company compensation and deferred compensation plans, rather than open-market purchases or sales.

How many deferred stock units does Steven C. Finch hold in NFG after these transactions?

After the reported transactions, Steven C. Finch holds 18,561 deferred stock units directly. Each unit is economically equivalent to one share of National Fuel Gas common stock and will be settled in shares after his service as a director ends, per his distribution election.

What was the size and value of Steven C. Finch’s latest deferred stock unit grant at NFG?

On April 1, 2026, Finch received 469 deferred stock units with an indicated value of $93.29 per unit. The grant was made under the National Fuel Gas 2009 Non-Employee Director Equity Compensation Plan and was deferred into the company’s Deferred Compensation Plan for Directors and Officers.

How did dividend reinvestment affect Steven C. Finch’s NFG deferred stock unit balance?

Dividend reinvestment added 115 deferred stock units to Finch’s holdings on January 15, 2026 at an indicated $81.29 per unit. These units were acquired through the dividend reinvestment feature of National Fuel Gas’s Deferred Compensation Plan for Directors and Officers and are exempt under Rule 16a-11.

When will Steven C. Finch’s NFG deferred stock units be paid out?

Finch’s deferred stock units will be payable in shares of National Fuel Gas common stock after his termination of service as a director. The timing and form of these distributions follow his prior elections under the company’s Deferred Compensation Plan for Directors and Officers.

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

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Accepted by SEC EDGAR 04/02/2026 - 02:11 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^*

Finch Steven C.

(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)
04/01/2026

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

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(1)	(2)	01/15/2026		J	V	115		(2)	(2)	Common Stock	115	$81.29	18,092	D
Deferred Stock Units(3)	(2)	04/01/2026		A		469		(2)	(2)	Common Stock	469	$93.29	18,561	D

Explanation of Responses:

1. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.

2. 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.

3. 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	04/02/2026
	** 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)