Form 4: NFG Executive Reports Share Vesting and Tax Withholding
Insider Transaction Report
National Fuel Gas Co. President of Seneca Resources, Justin I. Loweth, reported the vesting of performance shares and subsequent tax-related share withholding.
Summary
- Justin I. Loweth, President of Seneca Resources, acquired 2,286 shares of National Fuel Gas Co. common stock on September 10, 2025, with a transaction price of $0.00 per share.
- On the same date, 900 shares were disposed of (withheld and cancelled) at a price of $86.515 per share to cover tax obligations related to the vesting of performance shares. These shares were not sold into the market.
- Following these transactions, Mr. Loweth directly beneficially owns 53,904 shares of common stock.
- Indirect beneficial ownership includes 11,109 shares in a 401(k) Trust, 225 shares held by a spouse, 300 shares held by a son, and 200 shares held by a daughter.
- A Power of Attorney was executed on July 29, 2025, authorizing specific individuals to act on behalf of Justin I. Loweth for SEC filings.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of executive compensation-related transactions (vesting and tax withholding) and does not indicate any significant positive or negative operational or financial news for the company.
Positives
- The acquisition of 2,286 shares indicates the vesting of performance shares, suggesting the achievement of performance targets by the executive.
Negatives
- 900 shares were withheld for tax purposes, reducing the direct beneficial ownership of the reporting person.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing.
Industry Context
This filing is a routine disclosure of an executive's stock transactions and does not provide information relevant to broader industry trends or competitive analysis.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Justin I. Loweth granted a Power of Attorney to several individuals to facilitate the preparation and filing of SEC forms (including Forms 3, 4, and 5) on his behalf. | 2025-07-29 | This is a standard procedural measure to ensure timely and compliant SEC filings for an executive, streamlining the reporting process. |
Related Party Transactions
- The transactions involve an officer of National Fuel Gas Company, Justin I. Loweth, and are therefore considered related party transactions as per SEC regulations for insider reporting.
Stakeholder Impact
- Shareholders: Minor impact as these are routine compensation-related transactions for an executive, reflecting standard corporate governance and compensation practices.
- Employees: No direct impact beyond the reporting person.
Key Dates
| Date | Description |
|---|---|
| 2025-07-29 | Date Power of Attorney was executed by Justin I. Loweth. |
| 2025-09-10 | Date of common stock acquisition and disposition (tax withholding) transactions. |
| 2025-09-12 | Date the Form 4 was signed by the attorney-in-fact. |
Keywords
National Fuel Gas Co, NFG, Justin I. Loweth, Seneca Resources, Form 4, Insider Transaction, Share Vesting, Stock Compensation, Tax Withholding, Beneficial Ownership
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