Form 4: National Fuel Gas Co Director Thomas E. Skains Reports Acquisition of Deferred Stock Units

Director Thomas E. Skains reports acquiring deferred stock units in National Fuel Gas Co through dividend reinvestment and a quarterly grant.

Summary

• Thomas E. Skains, a director of National Fuel Gas Co, reported acquiring 118 deferred stock units on October 15, 2024, through dividend reinvestment at a price of $60.86.
• Additionally, Skains acquired 715 deferred stock units on January 2, 2025, through a quarterly grant under the company's 2009 Non-Employee Director Equity Compensation Plan at a price of $61.215.
• Following these transactions, Skains beneficially owns 15,475 deferred stock units.
• These units are payable in shares of common stock after the director's termination of service, according to their distribution election under the company's deferred compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine director compensation and alignment of interests with 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 stock unit acquisitions by a company director, which is common practice in publicly traded companies to align director interests with shareholder value.

Stakeholder Impact

• The acquisition of deferred stock units by a director signals confidence in the company's future performance, which can positively influence shareholder sentiment.

Key Dates