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STOCK TITAN

[Form 4] National Fuel Gas Co. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Filing: SEC Form 4 for National Fuel Gas Co. (NFG).

Director Barbara M. Baumann received 518 shares of common stock on 07/01/2025 through the company’s 2009 Non-Employee Director Equity Compensation Plan at an implied grant price of $84.62, equating to roughly $43.8 k in market value. Her direct holdings rise to 20,278 shares; no shares were sold and no derivative positions are reported.

The transaction is a scheduled, non-discretionary equity grant rather than an open-market purchase, giving it limited signaling value for investors. However, it modestly increases insider ownership and maintains alignment between the board and shareholders. No other material financial or strategic information is contained in this filing.

Deposito: Modulo SEC Form 4 per National Fuel Gas Co. (NFG).

La direttrice Barbara M. Baumann ha ricevuto 518 azioni ordinarie il 01/07/2025 tramite il Piano di Compensazione Azionaria per Direttori Non Dipendenti del 2009 della società, con un prezzo di concessione implicito di 84,62 $, corrispondente a un valore di mercato di circa 43,8 mila $. Le sue partecipazioni dirette salgono a 20.278 azioni; non sono state vendute azioni né segnalate posizioni in derivati.

La transazione rappresenta una concessione azionaria programmata e non discrezionale, non un acquisto sul mercato aperto, pertanto ha un valore limitato come segnale per gli investitori. Tuttavia, aumenta modestamente la proprietà interna e mantiene l’allineamento tra il consiglio di amministrazione e gli azionisti. Nessuna altra informazione finanziaria o strategica rilevante è contenuta in questo deposito.

±Ê°ù±ð²õ±ð²Ô³Ù²¹³¦¾±Ã³²Ô: Formulario SEC Form 4 para National Fuel Gas Co. (NFG).

La directora Barbara M. Baumann recibió 518 acciones ordinarias el 01/07/2025 a través del Plan de Compensación de Acciones para Directores No Empleados de 2009 de la empresa, a un precio implícito de concesión de 84,62 $, equivalente a un valor de mercado aproximado de 43,8 mil $. Sus participaciones directas aumentan a 20,278 acciones; no se vendieron acciones ni se reportaron posiciones en derivados.

La transacción es una concesión programada y no discrecional de acciones, no una compra en el mercado abierto, lo que le confiere un valor limitado como señal para los inversores. Sin embargo, incrementa modestamente la propiedad interna y mantiene la alineación entre la junta y los accionistas. No se incluye otra información financiera o estratégica relevante en esta presentación.

ì µÓ¶œ: National Fuel Gas Co. (NFG)ì—� 대í•� SEC Form 4.

ì´ì‚¬ Barbara M. Baumannì€ 2025ë…� 7ì›� 1ì� 회사ì� 2009ë…� 비ì§ì›� ì´ì‚¬ ì£¼ì‹ ë³´ìƒ ê³„íšì� 통해 518ì£�ì� 보통주를 암시ë� ë¶€ì—� ê°€ê²� $84.62ì—� 받았으며, ì´ëŠ” ì•� $43.8ì²�ì� 시장 ê°€ì¹˜ì— í•´ë‹¹í•©ë‹ˆë‹�. 그녀ì� ì§ì ‘ 보유 주ì‹ì€ 20,278ì£�ë¡� ì¦ê°€í–ˆìœ¼ë©�, ì£¼ì‹ ë§¤ë„ë‚� 파ìƒìƒí’ˆ í¬ì§€ì…˜ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì´ë²ˆ 거래ëŠ� 공개 시장ì—서ì� 매수가 아닌 예정ë� ë¹„ìž¬ëŸ‰ì  ì£¼ì‹ ë¶€ì—¬ë¡œ 투ìžìžì—ê²� 주는 신호 가치는 제한ì ìž…니다. 그러ë‚� ë‚´ë¶€ìž� 소유ë¥� 다소 ì¦ê°€ì‹œí‚¤ë©� ì´ì‚¬íšŒì™€ 주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 유지합니ë‹�. ì� 제출서ì—ëŠ� 다른 중요í•� 재무 ë˜ëŠ” ì „ëžµì � ì •ë³´ê°€ í¬í•¨ë˜ì–´ 있지 않습니다.

Dépôt : Formulaire SEC Form 4 pour National Fuel Gas Co. (NFG).

La directrice Barbara M. Baumann a reçu 518 actions ordinaires le 01/07/2025 via le Plan de Compensation en Actions pour Administrateurs Non Salariés de 2009 de l’entreprise, à un prix d’attribution implicite de 84,62 $, ce qui correspond à une valeur marchande d’environ 43,8 k$. Sa détention directe passe à 20 278 actions ; aucune action n’a été vendue et aucune position dérivée n’a été déclarée.

Cette opération correspond à une attribution d’actions programmée et non discrétionnaire, et non à un achat sur le marché libre, ce qui limite sa valeur indicative pour les investisseurs. Cependant, elle augmente modestement la détention d’initiés et maintient l’alignement entre le conseil d’administration et les actionnaires. Aucun autre renseignement financier ou stratégique important n’est contenu dans ce dépôt.

Einreichung: SEC Formular 4 für National Fuel Gas Co. (NFG).

Direktorin Barbara M. Baumann erhielt am 01.07.2025 518 Stammaktien über den Aktienvergütungsplan für nicht angestellte Direktoren von 2009 des Unternehmens zu einem impliziten Gewährungspreis von 84,62 $, was einem Marktwert von etwa 43,8 Tsd. $ entspricht. Ihr direkter Aktienbestand steigt auf 20.278 Aktien; es wurden keine Aktien verkauft und keine Derivatepositionen gemeldet.

Die Transaktion ist eine planmäßige, nicht diskretionäre Aktienzuteilung und kein Kauf am offenen Markt, weshalb sie für Investoren nur begrenzte Signalfunktion hat. Dennoch erhöht sie geringfügig den Insiderbesitz und erhält die Übereinstimmung zwischen Vorstand und Aktionären. Weitere wesentliche finanzielle oder strategische Informationen sind in dieser Einreichung nicht enthalten.

Positive
  • Increase in insider ownership: Director Baumann’s stake rises to 20,278 shares, marginally enhancing alignment with shareholders.
Negative
  • Immaterial size and routine nature: The grant is scheduled, not an open-market buy, limiting its informational value for investors.

Insights

TL;DR: Routine director grant; negligible valuation impact.

The 518-share award is a standard quarterly equity grant, representing less than 0.001% of NFG’s outstanding shares. Because it is not an open-market purchase, it does not provide a strong bullish signal, nor does it indicate liquidity concerns. Insider ownership rises marginally, but the event is immaterial to earnings projections, cash flow, or capital structure. I view the filing as routine and non-impactful for the investment thesis.

TL;DR: Grant maintains director-shareholder alignment; governance status quo.

Regular equity compensation for non-employee directors aligns incentives with long-term share performance and is consistent with best-practice governance guidelines. The absence of derivative positions and the direct ownership classification support transparency. No red flags arise, but the small size means the governance improvement is incremental.

Deposito: Modulo SEC Form 4 per National Fuel Gas Co. (NFG).

La direttrice Barbara M. Baumann ha ricevuto 518 azioni ordinarie il 01/07/2025 tramite il Piano di Compensazione Azionaria per Direttori Non Dipendenti del 2009 della società, con un prezzo di concessione implicito di 84,62 $, corrispondente a un valore di mercato di circa 43,8 mila $. Le sue partecipazioni dirette salgono a 20.278 azioni; non sono state vendute azioni né segnalate posizioni in derivati.

La transazione rappresenta una concessione azionaria programmata e non discrezionale, non un acquisto sul mercato aperto, pertanto ha un valore limitato come segnale per gli investitori. Tuttavia, aumenta modestamente la proprietà interna e mantiene l’allineamento tra il consiglio di amministrazione e gli azionisti. Nessuna altra informazione finanziaria o strategica rilevante è contenuta in questo deposito.

±Ê°ù±ð²õ±ð²Ô³Ù²¹³¦¾±Ã³²Ô: Formulario SEC Form 4 para National Fuel Gas Co. (NFG).

La directora Barbara M. Baumann recibió 518 acciones ordinarias el 01/07/2025 a través del Plan de Compensación de Acciones para Directores No Empleados de 2009 de la empresa, a un precio implícito de concesión de 84,62 $, equivalente a un valor de mercado aproximado de 43,8 mil $. Sus participaciones directas aumentan a 20,278 acciones; no se vendieron acciones ni se reportaron posiciones en derivados.

La transacción es una concesión programada y no discrecional de acciones, no una compra en el mercado abierto, lo que le confiere un valor limitado como señal para los inversores. Sin embargo, incrementa modestamente la propiedad interna y mantiene la alineación entre la junta y los accionistas. No se incluye otra información financiera o estratégica relevante en esta presentación.

ì µÓ¶œ: National Fuel Gas Co. (NFG)ì—� 대í•� SEC Form 4.

ì´ì‚¬ Barbara M. Baumannì€ 2025ë…� 7ì›� 1ì� 회사ì� 2009ë…� 비ì§ì›� ì´ì‚¬ ì£¼ì‹ ë³´ìƒ ê³„íšì� 통해 518ì£�ì� 보통주를 암시ë� ë¶€ì—� ê°€ê²� $84.62ì—� 받았으며, ì´ëŠ” ì•� $43.8ì²�ì� 시장 ê°€ì¹˜ì— í•´ë‹¹í•©ë‹ˆë‹�. 그녀ì� ì§ì ‘ 보유 주ì‹ì€ 20,278ì£�ë¡� ì¦ê°€í–ˆìœ¼ë©�, ì£¼ì‹ ë§¤ë„ë‚� 파ìƒìƒí’ˆ í¬ì§€ì…˜ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

ì´ë²ˆ 거래ëŠ� 공개 시장ì—서ì� 매수가 아닌 예정ë� ë¹„ìž¬ëŸ‰ì  ì£¼ì‹ ë¶€ì—¬ë¡œ 투ìžìžì—ê²� 주는 신호 가치는 제한ì ìž…니다. 그러ë‚� ë‚´ë¶€ìž� 소유ë¥� 다소 ì¦ê°€ì‹œí‚¤ë©� ì´ì‚¬íšŒì™€ 주주 ê°„ì˜ ì´í•´ê´€ê³� ì¼ì¹˜ë¥� 유지합니ë‹�. ì� 제출서ì—ëŠ� 다른 중요í•� 재무 ë˜ëŠ” ì „ëžµì � ì •ë³´ê°€ í¬í•¨ë˜ì–´ 있지 않습니다.

Dépôt : Formulaire SEC Form 4 pour National Fuel Gas Co. (NFG).

La directrice Barbara M. Baumann a reçu 518 actions ordinaires le 01/07/2025 via le Plan de Compensation en Actions pour Administrateurs Non Salariés de 2009 de l’entreprise, à un prix d’attribution implicite de 84,62 $, ce qui correspond à une valeur marchande d’environ 43,8 k$. Sa détention directe passe à 20 278 actions ; aucune action n’a été vendue et aucune position dérivée n’a été déclarée.

Cette opération correspond à une attribution d’actions programmée et non discrétionnaire, et non à un achat sur le marché libre, ce qui limite sa valeur indicative pour les investisseurs. Cependant, elle augmente modestement la détention d’initiés et maintient l’alignement entre le conseil d’administration et les actionnaires. Aucun autre renseignement financier ou stratégique important n’est contenu dans ce dépôt.

Einreichung: SEC Formular 4 für National Fuel Gas Co. (NFG).

Direktorin Barbara M. Baumann erhielt am 01.07.2025 518 Stammaktien über den Aktienvergütungsplan für nicht angestellte Direktoren von 2009 des Unternehmens zu einem impliziten Gewährungspreis von 84,62 $, was einem Marktwert von etwa 43,8 Tsd. $ entspricht. Ihr direkter Aktienbestand steigt auf 20.278 Aktien; es wurden keine Aktien verkauft und keine Derivatepositionen gemeldet.

Die Transaktion ist eine planmäßige, nicht diskretionäre Aktienzuteilung und kein Kauf am offenen Markt, weshalb sie für Investoren nur begrenzte Signalfunktion hat. Dennoch erhöht sie geringfügig den Insiderbesitz und erhält die Übereinstimmung zwischen Vorstand und Aktionären. Weitere wesentliche finanzielle oder strategische Informationen sind in dieser Einreichung nicht enthalten.

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*
BAUMANN BARBARA M

(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)
07/01/2025
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
Common Stock(1) 07/01/2025 A 518 A $84.62 20,278 D
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 07/03/2025
** 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 did Director Barbara M. Baumann do according to the NFG Form 4?

She received 518 shares of National Fuel Gas common stock on 07/01/2025 via a quarterly equity grant.

At what price were the NFG shares granted to the director?

The implied grant price was $84.62 per share.

How many National Fuel Gas shares does the director now own?

Following the grant, Baumann directly owns 20,278 shares.

Did the Form 4 report any stock sales or derivative transactions?

No. The filing shows no dispositions and no derivative securities.

Is this insider transaction considered significant for NFG investors?

The grant is routine and small relative to NFG’s float, so it is not considered materially impactful to the investment thesis.
Natl Fuel Gas Co

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7.58B
89.20M
1.22%
77.65%
3.29%
Oil & Gas Integrated
Natural Gas Distribution
United States
WILLIAMSVILLE