Form 4: NFG CFO Silverstein Reports Routine Stock Transactions
Insider Transaction Report
National Fuel Gas Co.'s Treasurer and CFO, Timothy J. Silverstein, reported the vesting of restricted stock units and related tax withholdings on December 1, 2025.
Summary
- Timothy J. Silverstein, Treasurer & CFO of National Fuel Gas Co. (NFG), reported transactions involving NFG common stock on December 1, 2025.
- 290 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- 149 shares were withheld and cancelled for tax purposes in connection with the RSU vesting, at a price of $82.38 per share. These shares were not sold into the market.
- Following these transactions, Silverstein directly beneficially owns 5,874 shares of NFG common stock.
- Additionally, Silverstein indirectly beneficially owns 4,853 shares through the NFG 401(k) Trust, calculated based on the fund's dollar value and the closing price on December 1, 2025.
- The 290 RSUs that vested were part of a grant of 870 RSUs awarded on December 1, 2022, with previous vestings on December 1, 2023, and December 1, 2024.
Sentiment
Score: 5
Explanation: The filing reports routine, pre-scheduled insider transactions related to executive compensation, which are neutral in terms of company-specific sentiment.
Positives
- Vesting of 290 restricted stock units indicates a component of executive compensation being realized.
- The reporting person continues to hold a significant number of shares, both directly (5,874) and indirectly (4,853 in 401K Trust), aligning interests with shareholders.
Negatives
- 149 shares were withheld for taxes, reducing the direct beneficial ownership by that amount.
Future Outlook
This filing is a report of past insider transactions and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing reports a routine insider transaction related to executive compensation and does not provide information relevant to broader industry trends or competitive analysis.
Key Dates
| Date | Description |
|---|---|
| 12/01/2022 | Grant date of 870 restricted stock units to Timothy J. Silverstein. |
| 12/01/2023 | First vesting date for 290 restricted stock units. |
| 12/01/2024 | Second vesting date for 290 restricted stock units. |
| 12/01/2025 | Transaction date for the vesting of 290 restricted stock units and related tax withholding. |
Keywords
National Fuel Gas, NFG, Timothy J. Silverstein, CFO, Insider Transaction, Form 4, Restricted Stock Units, Equity Compensation, Stock Ownership
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