Form 4: National Fuel Gas Co. Director David Hugo Anderson Reports Transactions in Company Stock

Director David Hugo Anderson reports acquisition of common stock through dividend reinvestment and deferred stock units, along with transactions in Anderson Family Trust.

Summary

• On October 15, 2024, David Hugo Anderson acquired 5,173 shares of National Fuel Gas Co. common stock directly.
• On the same date, 212 shares were acquired indirectly through the Anderson Family Trust at a price of $60.976 per share.
• Also on October 15, 2024, 118 deferred stock units were acquired at a price of $60.86 each.
• On January 2, 2025, Anderson acquired 715 deferred stock units at $61.215 each.
• Following these transactions, Anderson directly owns 14,760 deferred stock units and 15,475 deferred stock units.
• These deferred stock units are payable in shares of common stock after termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The director is increasing their stake in the company through standard compensation and reinvestment plans, which suggests confidence. There are no indications of negative events.

Positives

• The director's participation in dividend reinvestment plans and deferred compensation plans indicates confidence in the company's future.

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

Directors' stock transactions are closely watched as indicators of company health and management confidence. Dividend reinvestment and participation in deferred compensation plans are generally seen as positive signals.

Stakeholder Impact

• The transactions may have a slightly positive impact on shareholder sentiment due to the director's increased investment in the company.

Key Dates