Carroll David C. 4
4 · NATIONAL FUEL GAS CO · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
National Fuel Gas (NFG) Director David Carroll Receives Shares
What Happened David C. Carroll, a director of National Fuel Gas Company (NFG), reported multiple acquisitions. On Jan 15, 2026 he acquired 198 shares at $81.83 each ($16,201) and 115 derivative units at $81.29 each ($9,348) via dividend reinvestment and a deferred-comp feature. On Apr 1, 2026 he received a 469-share award valued at $93.29 each ($43,753) under the company’s non-employee director equity plan; that award was deferred into deferred stock units. These transactions are acquisitions (not sales), which are generally considered routine compensation and plan-driven rather than open-market bullish purchases.
Key Details
- Transaction dates and amounts:
- 2026-01-15: 198 shares @ $81.83 = $16,201 (Other acquisition — dividend reinvestment) [F1]
- 2026-01-15: 115 units @ $81.29 = $9,348 (Other acquisition — deferred-comp unit) [F2, derivative]
- 2026-04-01: 469 shares @ $93.29 = $43,753 (Grant/award; deferred into units) [F4, derivative]
- Total acquired this filing: 782 shares/units, total value ≈ $69,302.
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1/F2: Acquisitions via dividend reinvestment or deferred-comp feature, exempt under Rule 16a-11.
- F3: Deferred stock units are the economic equivalent of one share and are payable in shares after the director’s service ends.
- F4: Award came from the 2009 Non-Employee Director Equity Compensation Plan and was deferred per the director’s election.
- Filing timeliness: The Form 4 was filed on 2026-04-02 for a report period ending 2026-04-01; the filing itself does not indicate a late-report designation.
Context
- These were plan-driven acquisitions (dividend reinvestment, deferred-compensation and director equity award) rather than open-market buys. Deferred stock units are derivatives that track stock value and convert to shares per the plan’s payout rules — they are not option exercises or immediate cashless sales. Such transactions are common for director compensation and don’t, by themselves, signal a change in insider sentiment.
Insider Transaction Report
- Other
Common Stock
[F1]2026-01-15$81.83/sh+198$16,201→ 30,622 total - Other
Deferred Stock Units
[F2][F3]2026-01-15$81.29/sh+115$9,348→ 18,092 total→ Common Stock (115 underlying) - Award
Deferred Stock Units
[F4][F3]2026-04-01$93.29/sh+469$43,753→ 18,561 total→ Common Stock (469 underlying)
Footnotes (4)
- [F1]Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
- [F2]Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
- [F3]Each deferred stock unit is the economic equivalent of one share of common stock. The deferred stock units become payable, in shares of common stock, after the reporting person's termination of service as a director, pursuant to the reporting person's distribution election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.
- [F4]Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan, and deferred pursuant to the reporting person's election under the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers.