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 109 deferred stock units on January 12, 2024, through dividend reinvestment at a price of $50.38.
• He also acquired 820 deferred stock units on April 1, 2024, through a quarterly grant under the company's 2009 Non-Employee Director Equity Compensation Plan at a price of $53.365.
• Following these transactions, Skains beneficially owns 12,060 and 12,880 deferred stock units respectively, which are the economic equivalent of common stock shares and will be payable after termination of service as a director.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects routine transactions related to director compensation. There are no indications of significant positive or negative events.

Positives

• The acquisition of deferred stock units through dividend reinvestment and equity compensation aligns the director's interests with those of the shareholders.
• The deferred compensation plan allows for the accumulation of shares over time, potentially increasing the director's stake in the company's long-term success.

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 to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The transactions reflect the company's commitment to aligning director compensation with shareholder interests.

Key Dates