Carroll David C. 4
4 · NATIONAL FUEL GAS CO · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
NFG Director David C. Carroll Acquires 854 Shares
What Happened
David C. Carroll, a director of National Fuel Gas Company (NFG), acquired a total of 854 shares via dividend reinvestment, a deferred compensation feature, and a quarterly director equity grant that was deferred. The transactions were: 182 shares at $89.71 ($16.3k), 108 derivative shares at $89.49 ($9.7k), and 564 derivative shares at $77.63 (~$43.8k), totaling roughly $69,775. These were acquisitions (not sales) and reflect plan-driven compensation and reinvestment activity rather than open-market purchases.
Key Details
- Transaction dates and amounts:
- 2026-04-15: 182 shares acquired at $89.71 (other acquisition; ~$16,327). (Footnote F1)
- 2026-04-15: 108 derivative shares acquired at $89.49 (other acquisition; ~$9,665). (Footnote F2)
- 2026-07-01: 564 derivative shares granted at $77.63 (award/grant; ~$43,783). (Footnotes F3, F4)
- Total shares acquired: 854; total value ≈ $69,775.
- Shares owned after the transactions: not specified in the provided filing details.
- Notable footnotes:
- F1/F2: Acquisitions made via dividend reinvestment or deferred compensation feature and noted as exempt under Rule 16a-11.
- F3: Deferred stock units equal one share economically and will be paid in shares after the director’s service ends per his distribution election.
- F4: The grant was part of the quarterly non-employee director equity compensation and was deferred per the election.
- Filing timing: Form filed 2026-07-02 covering period through 2026-07-01; the April 15 plan-driven transactions are reported here and are described as exempt under Rule 16a-11.
Context
These transactions are largely routine director compensation and deferred-equity plan activity (dividend reinvestment and deferred stock units). Such plan-based acquisitions are common and do not necessarily signal an active market view by the director. The derivative entries reflect deferred units that convert to shares upon termination of service per the director’s election.
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-15$89.71/sh+182$16,327→ 30,804 total - Other
Deferred Stock Units
[F2][F3]2026-04-15$89.49/sh+108$9,665→ 18,669 total→ Common Stock (108 underlying) - Award
Deferred Stock Units
[F4][F3]2026-07-01$77.63/sh+564$43,783→ 19,233 total→ Common Stock (564 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.