National Fuel Gas officer granted stock, units

NFG officer Joseph N. Del Vecchio received stock and deferred unit awards with small tax-related share cancellations and a deferral of vested shares.

Rhea-AI Filing Summary

NATIONAL FUEL GAS CO (NFG) reports that officer Joseph N. Del Vecchio received equity-based awards and related adjustments on September 16, 2026. He was granted 428 deferred stock units444 shares of common stock16 shares of common stock were withheld and cancelled at $81.515 per share for payment of tax liability, and 428 shares of common stock were returned to the issuer in exchange for an equal number of deferred stock units under the deferred compensation plan. Indirect holdings include 15,016 shares of common stock through a 401(k) trust. Earlier in 2026, he also acquired 132, 113, and 123 deferred stock units on dividend reinvestment dates. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Del Vecchio Joseph N

Role President, NFG Supply Corp.

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F5, F2, F6	428	--	--
Grant/Award	Common Stock	444	$0.00	$0.00
Tax Withholding	Common Stock F1	16	$81.515	$1K
Disposition	Common Stock F2	428	--	--
holding	Common Stock F3	--	--	--
Other	Deferred Stock Units F4, F5, F6	132	$79.99	$11K
Other	Deferred Stock Units F4, F5, F6	113	$89.49	$10K
Other	Deferred Stock Units F4, F5, F6	123	$81.29	$10K

Holdings After Transaction: Deferred Stock Units — 19,525 contracts (Direct); Common Stock — 16,017 shares (Direct); Common Stock — 15,016 shares (Indirect, 401K Trust)

Footnotes (6)

1. F1. On September 16, 2026, the reporting person had 16 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.
2. F2. In connection with the vesting on September 16, 2026 of performance shares previously granted to the reporting person, the reporting person's receipt of 428 shares of common stock was deferred, resulting in the reporting person's receipt instead of 428 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 428 shares of common stock in exchange for an equal number of deferred stock units.
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.
4. F4. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
5. F5. Each deferred stock unit is the economic equivalent of one share of common stock.
6. F6. The deferred stock units become payable, in shares of common stock, after the reporting person's termination of service, pursuant to the reporting person's distribution election under National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers.

Key Figures

Deferred stock units granted: 428 units Common stock granted: 444 shares Shares withheld for taxes: 16 shares +4 more

7 metrics

Deferred stock units granted 428 units Grant on September 16, 2026, each economically equivalent to one common share

Common stock granted 444 shares Equity award on September 16, 2026, to the officer held directly

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

Tax withholding price $81.515 per share Price used for 16 shares withheld for tax liability on performance share vesting

Shares exchanged for deferred stock units 428 shares Common shares returned to issuer in exchange for 428 deferred stock units on vesting

Indirect 401(k) holdings 15,016 shares Common stock held indirectly via NFG 401(k) stock fund as of September 16, 2026

Dividend reinvestment DSUs in 2026 368 units 132, 113, and 123 deferred stock units acquired via dividend reinvestment on Jan 15, Apr 15, and Jul 15, 2026

Key Terms

Deferred Stock Units, Deferred Compensation Plan, dividend reinvestment feature

3 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.

Deferred Compensation Plan financial

"National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers"

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

dividend reinvestment feature financial

"Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan"

FAQ

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

What equity awards did NFG grant to Joseph N. Del Vecchio on September 16, 2026?

On September 16, 2026, Joseph N. Del Vecchio received 428 deferred stock units and 444 shares of National Fuel Gas (NFG) common stock as direct equity awards.

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

The filing reports that 16 shares of NFG common stock were withheld and cancelled at $81.515 per share in respect of taxes related to the vesting of performance shares.

What happened to the 428 NFG common shares mentioned in the disposition transaction?

In connection with vesting of performance shares, 428 shares of NFG common stock were returned to the issuer and the officer received an equal number of 428 deferred stock units under the deferred compensation plan.

How many NFG shares does Joseph N. Del Vecchio hold indirectly through the 401(k) plan?

The Form 4 reports that Joseph N. Del Vecchio has 15,016 shares of NFG common stock held indirectly through a 401(k) trust as of September 16, 2026.

Were any of the cancelled NFG shares sold into the market?

No. The company states that the 16 cancelled shares were withheld for taxes upon vesting of performance shares and that none of these cancelled shares were sold into the market.

How were additional NFG deferred stock units acquired earlier in 2026?

The Form 4 shows acquisitions of 132, 113, and 123 deferred stock units on January 15, April 15, and July 15, 2026, respectively, each through the dividend reinvestment feature of NFG’s Deferred Compensation Plan for Directors and Officers.

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

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Available on EDGAR 09/17/2026 - 06:08 PM Accepted by SEC EDGAR 09/17/2026 - 06:07 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^*

Del Vecchio Joseph N

(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)
	President, NFG Supply Corp.

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	09/16/2026		A		444	A	$0.00	16,461	D
Common Stock	09/16/2026		F		16(1)	D	$81.515	16,445	D
Common Stock	09/16/2026		D		428	D	(2)	16,017	D
Common Stock								15,016(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
Deferred Stock Units(4)	(5)	01/15/2026		J	V	123		(6)	(6)	Common Stock	123	$81.29	18,852	D
Deferred Stock Units(4)	(5)	04/15/2026		J	V	113		(6)	(6)	Common Stock	113	$89.49	18,965	D
Deferred Stock Units(4)	(5)	07/15/2026		J	V	132		(6)	(6)	Common Stock	132	$79.99	19,097	D
Deferred Stock Units	(5)	09/16/2026		A		428		(6)	(6)	Common Stock	428	(2)	19,525	D

Explanation of Responses:

1. On September 16, 2026, the reporting person had 16 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.

2. In connection with the vesting on September 16, 2026 of performance shares previously granted to the reporting person, the reporting person's receipt of 428 shares of common stock was deferred, resulting in the reporting person's receipt instead of 428 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 428 shares of common stock in exchange for an equal number of deferred stock units.

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.

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

5. Each deferred stock unit is the economic equivalent of one share of common stock.

6. The deferred stock units become payable, in shares of common stock, after the reporting person's termination of service, pursuant to the reporting person's distribution election under National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers.

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)