Form 4: National Fuel Gas Co Director Steven C. Finch Reports Acquisition of Deferred Stock Units
SEC Form 4
Director Steven C. Finch reports acquiring deferred stock units in National Fuel Gas Co through dividend reinvestment and a quarterly grant.
Summary
- Steven C. Finch, a director of National Fuel Gas Co, reported acquiring additional deferred stock units.
- On July 15, 2024, 118 deferred stock units were acquired through dividend reinvestment at a price of $56.69, increasing his holdings to 13,917 units.
- On October 1, 2024, 725 deferred stock units were acquired through a quarterly grant at a price of $60.365, further increasing his holdings to 14,642 units.
- These deferred stock units will be payable in shares of common stock after the director's termination of service, according to his distribution election under the company's deferred compensation plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects a director increasing their stake in the company through standard compensation mechanisms.
Positives
- The director's continued investment in deferred stock units demonstrates confidence in the company's future.
Future Outlook
The deferred stock units will be 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 related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The acquisition of deferred stock units by a director can be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Acquisition of 118 deferred stock units through dividend reinvestment. |
| 10/01/2024 | Acquisition of 725 deferred stock units through quarterly grant. |
| 10/02/2024 | Date of signature by J. P. Baetzhold, Attorney in Fact. |
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