Director at National Fuel Gas (NYSE: NFG) gains deferred stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

National Fuel Gas Company director Thomas E. Skains reported routine equity compensation activity involving deferred stock units. On April 1, 2026, he received a grant of 469 deferred stock units at an indicated value of $93.29 per unit, bringing his holdings to 18,561 deferred stock units. A prior January 15, 2026 transaction covered 115 deferred stock units at $81.29 per unit, classified as an other acquisition or disposition. Footnotes explain these units arise from a quarterly director equity grant and a dividend reinvestment feature under National Fuel Gas compensation and deferred compensation plans. Each deferred stock unit is the economic equivalent of one share of common stock and will be paid out in shares after Skains’ service as a director ends, according to his distribution election.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider SKAINS THOMAS E

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 shares (Direct)

Footnotes (1)

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

April 1, 2026 deferred stock units granted: 469 units at $93.29 Holdings after latest transaction: 18,561 deferred stock units January 15, 2026 deferred stock units: 115 units at $81.29

3 metrics

April 1, 2026 deferred stock units granted 469 units at $93.29 Deferred Stock Units grant to director Thomas E. Skains

Holdings after latest transaction 18,561 deferred stock units Total deferred stock units following April 1, 2026 grant

January 15, 2026 deferred stock units 115 units at $81.29 Other acquisition or disposition of Deferred Stock Units

Key Terms

Deferred Stock Units, National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, Rule 16a-11, quarterly grant

4 terms

Deferred Stock Units financial

"security_title: Deferred Stock Units; each unit equals 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.

National Fuel Gas Company Deferred Compensation Plan for Directors and Officers financial

"Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers"

Rule 16a-11 regulatory

"exempt under Rule 16a-11"

quarterly grant financial

"Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan"

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 02:18 PM

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^*

SKAINS THOMAS 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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did NFG director Thomas E. Skains report?

Thomas E. Skains reported receiving deferred stock units tied to National Fuel Gas. He acquired 469 units on April 1, 2026 and 115 units on January 15, 2026 through company compensation and dividend reinvestment plans, with no open-market buys or sells disclosed.

How many deferred stock units does Thomas E. Skains hold at National Fuel Gas (NFG)?

After the April 1, 2026 grant, Skains holds 18,561 deferred stock units in National Fuel Gas. Each deferred stock unit is the economic equivalent of one share of common stock and will be payable in stock after his service as a director ends.

What is the value per deferred stock unit in the latest NFG Form 4 filing?

The April 1, 2026 grant to Thomas E. Skains shows 469 deferred stock units at $93.29 per unit. A prior January 15, 2026 transaction reflects 115 deferred stock units at $81.29 per unit, indicating the reference values used for these compensation-related entries.

Are the NFG deferred stock units reported by Thomas E. Skains equivalent to common stock?

Yes. The filing states each deferred stock unit is the economic equivalent of one share of National Fuel Gas common stock. These units will be settled in shares of common stock after Skains’ termination of service as a director, following his distribution election.

How were the recent deferred stock units acquired by the NFG director?

Footnotes explain the units were acquired through company plans, not open-market trading. Some units came from a quarterly grant under the 2009 Non-Employee Director Equity Compensation Plan, while others were obtained via a dividend reinvestment feature in the deferred compensation plan.

Director at National Fuel Gas (NYSE: NFG) gains deferred stock units

Rhea-AI Filing Summary

Positive