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

Director Thomas E. Skains reported acquiring deferred stock units in National Fuel Gas Co through dividend reinvestment and a quarterly grant, increasing his holdings.

Summary

• On July 2, 2024, Thomas E. Skains, a director of National Fuel Gas Co, filed a Form 4 disclosing changes in beneficial ownership.
• The report details the acquisition of deferred stock units (DSUs) through a dividend reinvestment and a quarterly grant.
• Specifically, 113 DSUs were acquired on April 15, 2024, through dividend reinvestment at a price of $52.83 per unit.
• Additionally, 806 DSUs were acquired on July 1, 2024, through a quarterly grant under the company's 2009 Non-Employee Director Equity Compensation Plan at a price of $54.3 per unit.
• Following these transactions, Skains directly owns 13,799 deferred stock units.
• These DSUs are the economic equivalent of common stock shares and will be payable in shares upon termination of service as a director, according to the reporting person's distribution election.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock unit acquisitions, with no inherent positive or negative sentiment.

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

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates