ANDERSON DAVID HUGO 4

What Happened

• David H. Anderson, a director of National Fuel Gas Company (NFG), acquired a total of 674 shares (including deferred stock units) in transactions between April 15 and July 1, 2026, with an aggregate value of about $53,627.
  • 2 shares acquired on 2026-04-15 at $89.71 each for $179 (direct dividend reinvestment).
  • 108 derivative shares acquired on 2026-04-15 at $89.49 each for $9,665 (deferred/dividend reinvestment feature).
  • 564 derivative shares granted on 2026-07-01 at $77.63 each for $43,783 (director equity grant deferred per election).
• These were acquisitions/awards (not sales). Awards and dividend reinvestments are routine forms of director compensation and deferred compensation.

Key Details

• Transaction dates and prices:
  • 2026-04-15: 2 shares @ $89.71 (direct dividend reinvestment; coded J)
  • 2026-04-15: 108 derivative shares @ $89.49 (deferred dividend reinvestment; coded J)
  • 2026-07-01: 564 derivative shares @ $77.63 (quarterly director grant; coded A)
• Total acquired: 674 shares; approximate total value: $53,627.
• Shares owned after the transactions: not reported in the provided filing details.
• Footnotes:
  • F1/F2: Some acquisitions were via dividend reinvestment features and are exempt under Rule 16a-11.
  • F3: Deferred stock units equal the economic value of one share and are payable in shares after the director’s termination per the deferred compensation plan.
  • F4: The 7/1 grant was made under the Non‑Employee Director Equity Compensation Plan and deferred per the director’s election.
• Filing timeliness: No late-filing flag indicated in the provided data.

Context

• The 108 and 564-share items are deferred stock units (derivative securities) — they represent the economic equivalent of shares and generally are payable in shares after the director leaves service, not immediately tradable. The 2-share item was a standard dividend reinvestment purchase (direct share ownership).
• These transactions reflect compensation and reinvestment activity for a director rather than an open-market buy or sale; they are common and typically part of routine director pay arrangements.