STOCK TITAN

[Form 4] NATIONAL FUEL GAS CO Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Thomas E. Skains, a director of National Fuel Gas Company (NFG), reported two transactions in deferred stock units and related ownership changes. A 07/15/2025 entry records 98 deferred stock units acquired via the plan's dividend reinvestment at an attributable price of $88.82, leaving 16,860 shares beneficially owned. A 10/01/2025 entry shows 471 deferred stock units granted under the non-employee director equity plan (deferred by election) at $92.955, increasing beneficial ownership to 17,331 shares. The DSUs convert to common stock upon termination of service per the company deferred compensation plan.

The filings note the acquisitions occurred through the director compensation plan and a quarterly grant; one acquisition is exempt under Rule 16a-11. The Form 4 is signed by an attorney-in-fact on 10/02/2025.

Thomas E. Skains, un amministratore di National Fuel Gas Company (NFG), ha riportato due transazioni in unità azionarie differite e relative modifiche di possesso. Una voce del 15/07/2025 registra 98 unità azionarie differite acquisite tramite il reinvestimento dei dividendi del piano a un prezzo attribuibile di 88,82 $, lasciando 16.860 azioni detenute beneficiariamente. Una voce del 01/10/2025 mostra 471 unità azionarie differite concesse ai sensi del piano azionario per direttori non dipendenti (differite per elezione) a 92,955 $, aumentando la proprietà beneficiaria a 17.331 azioni. Le DSU si convertono in azioni ordinarie al termine del servizio secondo il piano di compensazione differita dell'azienda.

Gli adempimenti indicano che le acquisizioni sono avvenute tramite il piano di compensazione del direttore e una concessione quadrimestrale; una acquisizione è esente ai sensi della Regola 16a-11. Il Modulo 4 è firmato da un procuratore-in-fatto il 02/10/2025.

Thomas E. Skains, un director de National Fuel Gas Company (NFG), reportó dos transacciones en unidades de stock diferidas y cambios de propiedad relacionados. Una entrada del 15/07/2025 registra 98 unidades diferidas adquiridas mediante la reinversión de dividendos del plan a un precio atribuible de $88.82, dejando 16,860 acciones en propiedad beneficiaria. Una entrada del 01/10/2025 muestra 471 unidades diferidas concedidas bajo el plan de acciones para directores no empleados (diferidas por elección) a $92.955, aumentando la titularidad a 17,331 acciones. Las DSUs se convierten en acciones comunes al término del servicio según el plan de compensación diferida de la empresa.

Los archivos señalan que las adquisiciones ocurrieron a través del plan de compensación del director y una concesión trimestral; una adquisición está exenta bajo la Regla 16a-11. El Formulario 4 está firmado por un apoderado en 02/10/2025.

Thomas E. Skains, National Fuel Gas Company (NFG)의 이사로서 이연 주식 단위와 관련 소유권 변경에 대한 두 건의 거래를 보고했습니다. 2025-07-15의 항목은 계획의 배당 재투자를 통해 취득한 98 이연 주식 단위를 기록하며, 귀속 가격은 88.82 달러이고, 최종적으로 16,860 주를 직접 소유하게 됩니다. 2025-10-01의 항목은 비종업원 이사 주식지분 계획(선택에 따른 이연) 하에 471 이연 주식 단위가 부여되었음을 보여 주며 가격은 92.955 달러로, 소유권이 17,331 주로 증가합니다. DSU는 회사의 연차 보상 계획에 따라 근무 종료 시 보통주로 전환됩니다.

공시에는 이 취득이 이사 보상 계획과 분기별 부여를 통해 이루어졌다고 명시되어 있으며, 그 중 하나의 취득은 규칙 16a-11에 따라 면제됩니다. Form 4는 2025-10-02에 대리인이 서명했습니다.

Thomas E. Skains, administrateur de National Fuel Gas Company (NFG), a signalé deux transactions en unités d’actions différées et les changements de titularité qui s’ensuivent. Une entrée du 15/07/2025 enregistre 98 unités d’actions différées acquises via le réinvestissement des dividendes du plan à un prix attribuable de 88,82 $, laissant 16 860 actions détenues bénéficiaires. Une entrée du 01/10/2025 indique 471 unités d’actions différées accordées dans le cadre du plan d’actionnariat des directeurs non salariés (différées par élection) à 92,955 $, augmentant la propriété bénéficiaire à 17 331 actions. Les DSU se transforment en actions ordinaires à la fin du service conformément au plan de rémunération différée de l’entreprise.

Les dossiers notent que les acquisitions ont eu lieu via le plan de rémunération du directeur et une attribution trimestrielle; une acquisition est exonérée en vertu de la règle 16a-11. Le Formulaire 4 est signé par un mandataire le 02/10/2025.

Thomas E. Skains, ein Direktor der National Fuel Gas Company (NFG), meldete zwei Transaktionen in Deferred Stock Units (DSUs) und damit verbundene Eigentumsänderungen. Ein Eintrag vom 15.07.2025 verzeichnet 98 DSUs, die über die Dividendenreinvestition des Plans erworben wurden, zu einem zurechenbaren Preis von 88,82 $, wodurch 16.860 Anteile direkt gehalten werden. Ein Eintrag vom 01.10.2025 zeigt 471 DSUs, die im Rahmen des Nicht-Mitarbeiter-Direktoren-Eigenkapitalplans (deferred by election) zu 92,955 $ gewährt wurden, wodurch sich das rechenschaftspflichtige Eigentum auf 17.331 Aktien erhöht. Die DSUs wandeln sich bei Beendigung der Tätigkeit gemäß dem unternehmensweiten Deferred Compensation Plan in Stammaktien um.

Die Einreichungen weisen darauf hin, dass die Akquisitionen durch den Direktorenvergütungsplan und eine vierteljährliche Gewährung erfolgt sind; eine Akquisition ist gemäß Regel 16a-11 befreit. Das Formular 4 wird von einem Bevollmächtigten am 02.10.2025 unterzeichnet.

توماس إي. سكينز، مدير في National Fuel Gas Company (NFG)، أبلغ عن صفقتين في وحدات الأسهم المؤجلة وتغيّرات الملكية المرتبطة. سجل إدخال في 15/07/2025 98 وحدة أسهم مؤجلة مكتسبة عبر إعادة استثمار توزيعات الأرباح في الخطة بسعر معنوي قدره $88.82، مما ترك 16,860 سهماً مملوكاً فعلياً. يظهر إدخال في 01/10/2025 471 وحدة أسهم مؤجلة ممنوحة بموجب خطة حقوق الملكية للمديرين غير الموظفين (مؤجلة بالانتخاب) عند $92.955، مما زاد الملكية المفيدة إلى 17,331 سهماً. تتحول وحدات DSU إلى أسهم عادية عند انتهاء الخدمة وفقاً لخطة التعويض المؤجلة للشركة.

تشير الملفات إلى أن acquisitions حدثت عبر خطة تعويض المدير ومنحة ربع سنوية؛ وأحد الاستحواذات معفاة بموجب القاعدة 16a-11. يتم توقيع النموذج 4 بواسطة محامٍ بالوكالة في 02/10/2025.

Thomas E. SkainsNational Fuel Gas Company(NFG)的董事,报告了两笔递延股票单位交易及相关所有权变动。一条记录于2025-07-15,记录通过计划的股息再投资方式取得的98单位递延股票,归属价格为$88.82,现有16,860股受益所有。另一条记录于2025-10-01显示在非雇员董事股本计划下(通过选举延期)的471单位递延股票单位授予,价格为$92.955,增加受益所有权至17,331股。DSU在服务终止时按公司递延补偿计划转换为普通股。

备案指出这些收购通过董事补偿计划和季度授予发生;其中一次收购根据Rule 16a-11豁免。Form 4由代理律师于2025-10-02签署。

Positive
  • 471 deferred stock units granted on 10/01/2025, increasing alignment with shareholders
  • 98 DSUs acquired via dividend reinvestment on 07/15/2025, adding to long-term stake
  • Beneficial ownership rose to 17,331 shares, reflecting director compensation converted to equity
Negative
  • None.

Insights

Director acquired 471 DSUs, raising ownership to 17,331 shares.

The filings show routine, plan-driven equity accruals: 98 DSUs from dividend reinvestment and a 471 DSU quarterly grant deferred by election. These are compensation-related, not open-market purchases, and are typical for non-employee director pay.

Because the DSUs convert to common stock after termination, the transactions gradually increase the director's economic and voting exposure by 471 shares as of 10/01/2025. The 07/15/2025 dividend reinvestment was exempt under Rule 16a-11, as stated.

Thomas E. Skains, un amministratore di National Fuel Gas Company (NFG), ha riportato due transazioni in unità azionarie differite e relative modifiche di possesso. Una voce del 15/07/2025 registra 98 unità azionarie differite acquisite tramite il reinvestimento dei dividendi del piano a un prezzo attribuibile di 88,82 $, lasciando 16.860 azioni detenute beneficiariamente. Una voce del 01/10/2025 mostra 471 unità azionarie differite concesse ai sensi del piano azionario per direttori non dipendenti (differite per elezione) a 92,955 $, aumentando la proprietà beneficiaria a 17.331 azioni. Le DSU si convertono in azioni ordinarie al termine del servizio secondo il piano di compensazione differita dell'azienda.

Gli adempimenti indicano che le acquisizioni sono avvenute tramite il piano di compensazione del direttore e una concessione quadrimestrale; una acquisizione è esente ai sensi della Regola 16a-11. Il Modulo 4 è firmato da un procuratore-in-fatto il 02/10/2025.

Thomas E. Skains, un director de National Fuel Gas Company (NFG), reportó dos transacciones en unidades de stock diferidas y cambios de propiedad relacionados. Una entrada del 15/07/2025 registra 98 unidades diferidas adquiridas mediante la reinversión de dividendos del plan a un precio atribuible de $88.82, dejando 16,860 acciones en propiedad beneficiaria. Una entrada del 01/10/2025 muestra 471 unidades diferidas concedidas bajo el plan de acciones para directores no empleados (diferidas por elección) a $92.955, aumentando la titularidad a 17,331 acciones. Las DSUs se convierten en acciones comunes al término del servicio según el plan de compensación diferida de la empresa.

Los archivos señalan que las adquisiciones ocurrieron a través del plan de compensación del director y una concesión trimestral; una adquisición está exenta bajo la Regla 16a-11. El Formulario 4 está firmado por un apoderado en 02/10/2025.

Thomas E. Skains, National Fuel Gas Company (NFG)의 이사로서 이연 주식 단위와 관련 소유권 변경에 대한 두 건의 거래를 보고했습니다. 2025-07-15의 항목은 계획의 배당 재투자를 통해 취득한 98 이연 주식 단위를 기록하며, 귀속 가격은 88.82 달러이고, 최종적으로 16,860 주를 직접 소유하게 됩니다. 2025-10-01의 항목은 비종업원 이사 주식지분 계획(선택에 따른 이연) 하에 471 이연 주식 단위가 부여되었음을 보여 주며 가격은 92.955 달러로, 소유권이 17,331 주로 증가합니다. DSU는 회사의 연차 보상 계획에 따라 근무 종료 시 보통주로 전환됩니다.

공시에는 이 취득이 이사 보상 계획과 분기별 부여를 통해 이루어졌다고 명시되어 있으며, 그 중 하나의 취득은 규칙 16a-11에 따라 면제됩니다. Form 4는 2025-10-02에 대리인이 서명했습니다.

Thomas E. Skains, administrateur de National Fuel Gas Company (NFG), a signalé deux transactions en unités d’actions différées et les changements de titularité qui s’ensuivent. Une entrée du 15/07/2025 enregistre 98 unités d’actions différées acquises via le réinvestissement des dividendes du plan à un prix attribuable de 88,82 $, laissant 16 860 actions détenues bénéficiaires. Une entrée du 01/10/2025 indique 471 unités d’actions différées accordées dans le cadre du plan d’actionnariat des directeurs non salariés (différées par élection) à 92,955 $, augmentant la propriété bénéficiaire à 17 331 actions. Les DSU se transforment en actions ordinaires à la fin du service conformément au plan de rémunération différée de l’entreprise.

Les dossiers notent que les acquisitions ont eu lieu via le plan de rémunération du directeur et une attribution trimestrielle; une acquisition est exonérée en vertu de la règle 16a-11. Le Formulaire 4 est signé par un mandataire le 02/10/2025.

Thomas E. Skains, ein Direktor der National Fuel Gas Company (NFG), meldete zwei Transaktionen in Deferred Stock Units (DSUs) und damit verbundene Eigentumsänderungen. Ein Eintrag vom 15.07.2025 verzeichnet 98 DSUs, die über die Dividendenreinvestition des Plans erworben wurden, zu einem zurechenbaren Preis von 88,82 $, wodurch 16.860 Anteile direkt gehalten werden. Ein Eintrag vom 01.10.2025 zeigt 471 DSUs, die im Rahmen des Nicht-Mitarbeiter-Direktoren-Eigenkapitalplans (deferred by election) zu 92,955 $ gewährt wurden, wodurch sich das rechenschaftspflichtige Eigentum auf 17.331 Aktien erhöht. Die DSUs wandeln sich bei Beendigung der Tätigkeit gemäß dem unternehmensweiten Deferred Compensation Plan in Stammaktien um.

Die Einreichungen weisen darauf hin, dass die Akquisitionen durch den Direktorenvergütungsplan und eine vierteljährliche Gewährung erfolgt sind; eine Akquisition ist gemäß Regel 16a-11 befreit. Das Formular 4 wird von einem Bevollmächtigten am 02.10.2025 unterzeichnet.

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).
1. Name and Address of Reporting Person*
SKAINS THOMAS E

(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
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) 07/15/2025 J V 98 (2) (2) Common Stock 98 $88.82 16,860 D
Deferred Stock Units(3) (2) 10/01/2025 A 471 (2) (2) Common Stock 471 $92.955 17,331 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 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 transactions did NFG director Thomas E. Skains report?

He reported acquisition of 98 DSUs via dividend reinvestment on 07/15/2025 and a grant of 471 DSUs on 10/01/2025.

How many shares does Thomas E. Skains beneficially own after the reported transactions?

Following the reported transactions his beneficial ownership increased to 17,331 shares of common stock.

What is the value per unit reported for the transactions?

The 07/15/2025 DSUs are shown at $88.82 and the 10/01/2025 grant is shown at $92.955 per unit.

When do the deferred stock units convert to common shares?

The DSUs become payable in common stock after the reporting person's termination of service, per the deferred compensation plan.

Was any transaction exempt from reporting rules?

Yes, the acquisition through the dividend reinvestment feature was noted as exempt under Rule 16a-11.
Natl Fuel Gas Co

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Oil & Gas Integrated
Natural Gas Distribution
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United States
WILLIAMSVILLE