Form 4: National Fuel Gas Co. Director Carroll Acquires Shares and Deferred Stock Units

Director David C. Carroll reports acquiring common stock through a dividend reinvestment plan and deferred stock units through compensation plans.

Summary

• Director David C. Carroll acquired 269 shares of National Fuel Gas Co. common stock on April 15, 2024, through a dividend reinvestment plan at a price of $52.928 per share.
• On the same date, Carroll also acquired 113 deferred stock units through the dividend reinvestment feature of the company's Deferred Compensation Plan for Directors and Officers at a price of $52.83 per unit.
• On July 1, 2024, Carroll acquired 806 deferred stock units through a quarterly grant under the 2009 Non-Employee Director Equity Compensation Plan at a price of $54.3 per unit.
• Following these transactions, Carroll beneficially owns 29,124 shares of common stock and 13,799 deferred stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transactions reflect a director's ongoing investment in the company through established compensation plans and dividend reinvestment.

Positives

• The director's participation in the dividend reinvestment plan and deferred compensation plan demonstrates confidence in the company's future.
• The increased holdings of common stock and deferred stock units align the director's interests with those of the shareholders.

Future Outlook

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.

Industry Context

This filing is a routine disclosure of a director's transactions in company stock, which is common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholders as they demonstrate the director's confidence in the company.

Key Dates