Form 4: National Fuel Gas Director Acquires Shares

National Fuel Gas Co. Director Barbara M. Baumann acquired 541 shares of common stock through an equity compensation plan.

Summary

• Barbara M. Baumann, a Director of National Fuel Gas Co. (NFG), acquired 541 shares of common stock.
• The transaction occurred on January 2, 2026, at a price of $80.945 per share.
• The acquisition was made through a quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.
• Following this transaction, Ms. Baumann directly beneficially owns 21,290 shares of common stock.

Sentiment

Score: 6

Explanation: Slightly positive, as a director acquiring shares, even through a compensation plan, generally indicates alignment with shareholder interests, though it's a routine event.

Positives

• A director's acquisition of shares, even through a compensation plan, can signal alignment of interests with shareholders.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This is a routine insider transaction related to director compensation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The acquisition of shares by a director, even as part of compensation, can be viewed as a positive signal of confidence in the company's future performance and aligns the director's interests with those of other shareholders.

Key Dates

Keywords

National Fuel Gas, NFG, Director Stock Acquisition, Insider Transaction, Equity Compensation, Form 4