Ranich Rebecca 4

4 · NATIONAL FUEL GAS CO · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

NFG Director Rebecca Ranich Receives Shares and Deferred Units

What Happened

Rebecca Ranich, a director of National Fuel Gas Co. (NFG), recorded acquisitions totaling 700 shares/stock units. On Jan 15 she acquired 116 shares via dividend reinvestment ($9,492) and 115 deferred stock units ($9,348). On Apr 1 she received a 469-share grant of deferred stock units under the non‑employee director plan valued at about $43,753. These transactions are acquisitions (awards/dividend reinvestment), i.e., purchases/compensation rather than sales.

Key Details

Transaction dates and prices:
- 2026-01-15: 116 shares at $81.83 (acquired) — $9,492 (dividend reinvestment).
- 2026-01-15: 115 deferred units at $81.29 (acquired) — $9,348 (deferred comp feature).
- 2026-04-01: 469 deferred units at $93.29 (grant/award) — $43,753 (quarterly director grant).
Total value of reported acquisitions ≈ $62,593.
Shares owned after the transactions: not specified in this Form 4.
Filing date: Form 4 filed Apr 2, 2026, reporting transactions through Apr 1, 2026.
Notable footnotes:
- Dividend reinvestments are reported as exempt under Rule 16a‑11 (F1, F2).
- Deferred stock units are economic equivalents of shares and become payable in shares after the director leaves service per the Deferred Compensation Plan (F3).
- The Apr 1 grant was issued under the 2009 Non‑Employee Director Equity Compensation Plan and deferred per the director’s election (F4).

Context

These are routine director compensation items and dividend reinvestments, not open‑market purchases; deferred stock units represent future share payments rather than immediately transferable common stock.
Purchases/awards by insiders can be read positively, but these transactions are standard plan-based compensation and reinvestment activity rather than a discretionary open-market buy.

Form 4

Period: 2026-04-01

Director

Transactions

Other
Common Stock
[F1]
2026-01-15$81.83/sh+116$9,492→ 17,919 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.

Signature

J. P. Baetzhold, Attorney in Fact|2026-04-02

1 file