Form 4: NFG CIO Martin Krebs Reports Stock & DSU Transactions

National Fuel Gas Co.'s Chief Information Officer, Martin A. Krebs, disclosed recent equity transactions including dividend reinvestments and the deferral of restricted stock unit vesting.

Summary

• Acquired 25 shares of Common Stock on October 15, 2025, at a price of $86.221 per share through a dividend reinvestment plan.
• 644 Restricted Stock Units (RSUs) vested on December 1, 2025.
• In connection with the RSU vesting, the receipt of 644 shares of common stock was deferred, resulting in the receipt of 644 Deferred Stock Units (DSUs) under the company's deferred compensation plan.
• Acquired 119 Deferred Stock Units on October 15, 2025, at a price of $86.21 per unit through a dividend reinvestment feature of the Deferred Compensation Plan.
• Beneficially owns 4,083 shares of Common Stock directly.
• Beneficially owns 62 shares of Common Stock indirectly through the NFG 401(k) Trust.
• Beneficially owns 19,944 Deferred Stock Units directly.

Sentiment

Score: 5

Explanation: The filing is a standard disclosure of insider transactions and does not contain information that would significantly alter the sentiment towards the company's operational or financial performance. The transactions reflect routine equity compensation and investment activities by an officer.

Positives

• The Chief Information Officer continues to accumulate equity in the company through dividend reinvestment plans, indicating ongoing alignment with shareholder interests.
• The deferral of common stock receipt from RSU vesting into Deferred Stock Units suggests a long-term commitment to the company's equity.

Negatives

• No direct negatives about the company's performance or outlook are present in this Form 4 filing.

Risks

• NA

Future Outlook

This Form 4 filing is a disclosure of historical insider transactions and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing is a routine disclosure of insider transactions and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• Acquisition of common stock and deferred stock units through company-sponsored dividend reinvestment plans.
• Deferral of restricted stock unit vesting into deferred stock units under the company's deferred compensation plan.

Stakeholder Impact

• Shareholders: Provides transparency regarding an executive officer's equity holdings and compensation structure, which can be a factor in assessing management's alignment with shareholder interests.
• Employees: Offers insight into executive compensation practices, particularly regarding equity awards and deferred compensation plans.

Next Steps

• The deferred stock units held by the reporting person will become payable, in shares of common stock, after the reporting person's termination of service, pursuant to their distribution election under National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers.

Key Dates

Keywords

NFG, National Fuel Gas, Form 4, insider trading, stock transactions, Martin A. Krebs, Chief Information Officer, common stock, restricted stock units, deferred stock units, dividend reinvestment