National Fuel Gas counsel granted 232 shares

Form 4 for NFG’s Secretary and General Counsel shows equity awards, dividend reinvestment acquisitions, tax withholding cancellations, and indirect 401(k) plan holdings.

Rhea-AI Filing Summary

NATIONAL FUEL GAS CO (NFG) reports that officer Lee E. Hartz, Secretary and General Counsel, received a grant of 232 shares of common stock on September 16, 2026, at no cost. On the same date, 119 shares were withheld and cancelled to cover taxes related to vesting of performance shares, and were not sold into the market. Earlier in 2026, Hartz acquired 333 shares through the company’s dividend reinvestment plan across January, April, and July transactions. As of September 16, 2026, Hartz also held an indirect interest of 2,772 shares equivalent in the NFG stock fund under the NFG 401(k) plan.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Hartz Lee E

Role Secretary and General Counsel

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	232	$0.00	$0.00
Tax Withholding	Common Stock F2	119	$81.515	$10K
holding	Common Stock F3	--	--	--
Other	Common Stock F1	120	$79.736	$10K
Other	Common Stock F1	102	$89.768	$9K
Other	Common Stock F1	111	$81.885	$9K

Holdings After Transaction: Common Stock — 17,424 shares (Direct); Common Stock — 2,772 shares (Indirect, 401K Trust)

Footnotes (3)

1. F1. Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
2. F2. On September 16, 2026, the reporting person had 119 shares withheld and cancelled in respect of taxes in connection with the vesting of performance shares. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
3. F3. The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of September 16, 2026, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

Key Figures

Equity award shares: 232 shares of common stock Shares withheld for taxes: 119 shares at $81.515 per share Dividend reinvestment acquisitions: 111 shares at $81.885, 102 shares at $89.768, 120 shares at $79.736 +2 more

5 metrics

Equity award shares 232 shares of common stock Grant, award, or other acquisition on September 16, 2026

Shares withheld for taxes 119 shares at $81.515 per share Withheld and cancelled on September 16, 2026 to satisfy tax liability on vesting performance shares

Dividend reinvestment acquisitions 111 shares at $81.885, 102 shares at $89.768, 120 shares at $79.736 Acquired via dividend reinvestment plan on January 15, April 15, and July 15, 2026

Indirect 401(k) stock fund holdings 2,772 shares equivalent Balance in NFG stock fund under NFG 401(k) plan as of September 16, 2026

Restructuring-related acquisitions 333 shares Total shares in three code J transactions linked to dividend reinvestment plan in 2026

Key Terms

dividend reinvestment plan, Rule 16a-11, performance shares, NFG 401(k) plan, +1 more

5 terms

dividend reinvestment plan financial

"Acquired through dividend reinvestment plan, exempt under Rule 16a-11."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Rule 16a-11 regulatory

"Acquired through dividend reinvestment plan, exempt under Rule 16a-11."

performance shares financial

"in respect of taxes in connection with the vesting of performance shares."

Performance shares are a type of company stock given to executives or employees that only become theirs if the company meets specific goals, like hitting certain profits or growth targets. They motivate leaders to work toward the company’s success, because their additional shares depend on achieving these results.

NFG 401(k) plan financial

"The NFG stock fund under the NFG 401(k) plan is denominated in units"

stock fund financial

"The NFG stock fund under the NFG 401(k) plan is denominated in units"

FAQ

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

What equity award did NFG officer Lee E. Hartz receive on September 16, 2026?

Lee E. Hartz received a grant of 232 shares of NATIONAL FUEL GAS CO common stock on September 16, 2026, at a reported $0.00 per share, characterized as a grant, award, or other acquisition of common stock.

How many NFG shares were withheld for taxes in this Form 4 for NFG?

The Form 4 reports that 119 shares of NATIONAL FUEL GAS CO common stock were withheld and cancelled on September 16, 2026, at $81.515 per share to satisfy tax liabilities from vesting performance shares, and none of these shares were sold into the market.

What dividend reinvestment plan acquisitions of NFG stock are disclosed?

Hartz acquired a total of 333 shares of NFG common stock through the dividend reinvestment plan, in three transactions: 111 shares on January 15, 2026, 102 shares on April 15, 2026, and 120 shares on July 15, 2026, each exempt under Rule 16a-11.

What indirect NFG holdings through the 401(k) plan does this filing report?

As of September 16, 2026, Hartz held an indirect interest equivalent to 2,772 shares of NFG common stock in the NFG stock fund under the NFG 401(k) plan, calculated by dividing the dollar value of the balance by NFG’s closing share price on that date.

Does this NFG Form 4 state that trades were under a Rule 10b5-1 plan?

No. The document-level Rule 10b5-1 checkbox is explicitly unchecked, and the footnotes do not state that any of the reported transactions were made pursuant to a Rule 10b5-1 trading plan.

Are the tax-related cancelled NFG shares considered market sales?

No. Footnote F2 explains that the 119 shares were withheld and cancelled to cover taxes in connection with vesting of performance shares and are shown as dispositions, but explicitly states that none were sold into the market.

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

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Available on EDGAR 09/17/2026 - 06:13 PM Accepted by SEC EDGAR 09/17/2026 - 06:13 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^*

Hartz Lee E

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Secretary and General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

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	01/15/2026		J	V	111(1)	A	$81.885	17,090	D
Common Stock	04/15/2026		J	V	102(1)	A	$89.768	17,192	D
Common Stock	07/15/2026		J	V	120(1)	A	$79.736	17,312	D
Common Stock	09/16/2026		A		232	A	$0.00	17,544	D
Common Stock	09/16/2026		F		119(2)	D	$81.515	17,424	D
Common Stock								2,772(3)	I	401K 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 dividend reinvestment plan, exempt under Rule 16a-11.

2. On September 16, 2026, the reporting person had 119 shares withheld and cancelled in respect of taxes in connection with the vesting of performance shares. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.

3. The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of September 16, 2026, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

Remarks:

	J. P. Baetzhold, Attorney in Fact	09/17/2026
	** 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)