Form 4: NFG Executive Reports Stock Transactions

National Fuel Gas Co. executive Michael D. Colpoys reported recent acquisitions and dispositions of common stock, including RSU vesting and tax-related share withholding.

Summary

• Michael D. Colpoys, President of NFG Dist. Corp., reported changes in his beneficial ownership of National Fuel Gas Co. common stock.
• On October 15, 2025, 1 share of common stock was acquired through a dividend reinvestment plan at a price of $86.221 per share.
• On December 1, 2025, 533 restricted stock units (RSUs) vested, converting into 533 shares of common stock.
• Concurrently on December 1, 2025, 262 shares were withheld and cancelled for tax purposes related to the RSU vesting, at a price of $82.38 per share. These shares were not sold into the market.
• Following these transactions, direct beneficial ownership stands at 11,574 shares of common stock.
• Indirect beneficial ownership includes 14,430 shares in the NFG 401(k) Trust and 49 shares as UTMA custodian for a son.
• The reported RSU vesting is part of a grant made on December 1, 2022, for 1,598 units, with previous vestings on December 1, 2023 (532 units) and December 1, 2024 (533 units).

Sentiment

Score: 5

Explanation: This Form 4 reports routine insider transactions related to compensation (RSU vesting) and a dividend reinvestment plan. It does not contain information that would significantly alter the perception of the company's financial health or future prospects, hence a neutral sentiment.

Positives

• Acquisition of 1 share through a dividend reinvestment plan, indicating continued participation in the company's equity.
• Vesting of 533 restricted stock units, converting into common stock, which is a form of compensation and increases direct ownership.

Negatives

• 262 shares were withheld for taxes in connection with the RSU vesting, reducing the net increase in direct beneficial ownership from the vesting event.

Future Outlook

The filing details the vesting schedule of previously granted restricted stock units, with the final tranche of 533 units vesting on December 1, 2025, completing the vesting of the 1,598 units granted on December 1, 2022. No further future vesting from this specific grant is indicated.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Provides transparency into executive stock ownership and compensation practices, which is standard for publicly traded companies.

Key Dates

Keywords

National Fuel Gas, NFG, Form 4, Insider Transaction, Stock Ownership, Restricted Stock Units, Dividend Reinvestment, Michael D. Colpoys