Ranich Rebecca 4
4 · NATIONAL FUEL GAS CO · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
National Fuel Gas (NFG) Director Rebecca Ranich Acquires Shares
What Happened
Rebecca Ranich, a director of National Fuel Gas Company (NFG), reported acquisitions totaling 778 shares across transactions on April 15, 2026 and July 1, 2026. On April 15 she acquired 106 shares at $89.71 (≈$9,509) and 108 shares at $89.49 (≈$9,665); on July 1 she received a 564-share deferred award at $77.63 (≈$43,783). All transactions are acquisitions (not sales).
Key Details
- Transaction dates and amounts:
- 2026-04-15: 106 shares @ $89.71 = $9,509 (acquired; footnote F1 — dividend reinvestment plan)
- 2026-04-15: 108 shares @ $89.49 = $9,665 (acquired as derivative; footnote F2 — deferred comp dividend reinvestment)
- 2026-07-01: 564 shares @ $77.63 = $43,783 (grant/award; derivative; footnotes F3 & F4)
- Total shares acquired in this filing: 778; total value ≈ $62,957.
- Shares owned after the transactions: not specified in this filing.
- Footnotes of note:
- F1/F2: Acquisitions via dividend reinvestment plans (exempt under Rule 16a-11).
- F3: Deferred stock units are economic equivalents of shares and become payable in shares after termination of service under the deferred compensation plan.
- F4: The 564-share grant was a routine non-employee director equity grant that was deferred per the reporting person's election.
- Timeliness: The April 15 transactions were reported in the July 2, 2026 Form 4 (late reporting); the July 1 award was reported timely on July 2.
Context
These were acquisitions through dividend reinvestment and director compensation deferral rather than open-market purchases. Deferred stock units are not immediately issued as shares — they represent a future payout in shares per the company’s deferred compensation plan — so these derivative grants affect future economic exposure rather than adding immediately tradeable shares. Late reporting of earlier April transactions is procedural (filing obligations), but does not change the nature of the transactions.
Insider Transaction Report
- Other
Common Stock
[F1]2026-04-15$89.71/sh+106$9,509→ 18,025 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.