Ranich Rebecca 4

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.