Form 4: National Fuel Gas CFO Reports Routine Share Activity
Insider Transaction Report
National Fuel Gas Company's CFO, Timothy J. Silverstein, reported an acquisition of 214 common shares and a tax-related disposition of 110 shares.
Summary
- Timothy J. Silverstein, Treasurer & CFO of National Fuel Gas Co. (NFG), reported transactions on September 10, 2025.
- Acquired 214 shares of NFG Common Stock at a price of $0.00, increasing direct beneficial ownership.
- Disposed of 110 shares of NFG Common Stock at a price of $86.515, which were withheld and cancelled for taxes in connection with the vesting of performance shares.
- The disposition of 110 shares was not a market sale but a tax withholding, indicated by Transaction Code 'F'.
- Following these transactions, direct beneficial ownership stands at 5,733 shares.
- Indirect beneficial ownership through the NFG 401(k) Trust is 4,763 shares, representing the dollar value of the balance divided by the closing price on the transaction date.
Sentiment
Score: 5
Explanation: The filing is a routine insider transaction report, indicating no significant positive or negative sentiment for the company's operational or financial performance.
Positives
- Timothy J. Silverstein acquired 214 shares of Common Stock, increasing his direct stake in the company.
Negatives
- 110 shares of Common Stock were disposed of (withheld for taxes), reducing direct beneficial ownership.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
This is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Timothy J. Silverstein granted Power of Attorney to several individuals (Lee E. Hartz, Kenneth E. Webster, Meghan A. Corcoran, James P. Baetzhold, Kathryn M. Nikisch-Hoffman, and Robin L. Maczka) to prepare and file SEC forms (e.g., Forms 3, 4, 5, Schedules 13D, 13G, 144) on his behalf as an officer, director, or stockholder of National Fuel Gas Company. | August 1, 2025 | This standard procedure streamlines SEC filing compliance for the reporting person, ensuring timely and accurate submissions of required ownership reports. |
Stakeholder Impact
- Shareholders: Provides transparency regarding changes in direct and indirect ownership by a key executive, which is standard regulatory disclosure.
Key Dates
| Date | Description |
|---|---|
| August 1, 2025 | Effective date of the Power of Attorney granted by Timothy J. Silverstein. |
| September 10, 2025 | Date of reported stock transactions (acquisition and tax-related disposition). |
| September 12, 2025 | Date the Form 4 was signed by the Attorney in Fact. |
Keywords
National Fuel Gas, NFG, Timothy Silverstein, CFO, Insider Transaction, Form 4, Stock Ownership, Equity Compensation, Tax Withholding
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