Finch Steven C. 4
4 · NATIONAL FUEL GAS CO · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
National Fuel Gas Director Steven C. Finch Acquires 672 Shares
What Happened Steven C. Finch, a director of National Fuel Gas Co. (NFG), acquired a total of 672 deferred stock units (derivative shares) in two transactions: 108 units on 2026-04-15 at $89.49 each (total $9,665) via dividend reinvestment (code J), and 564 units on 2026-07-01 at $77.63 each (total $43,783) as a quarterly director grant (code A). These were acquisitions under company plans (not open-market purchases) and are reported as derivative interests.
Key Details
- Transaction dates & prices:
- 2026-04-15: 108 units @ $89.49 (acquisition via dividend reinvestment) — $9,665
- 2026-07-01: 564 units @ $77.63 (quarterly director grant, deferred) — $43,783
- Total acquired: 672 deferred stock units; aggregate value ≈ $53,448.
- Shares owned after transaction: not specified in the information provided in this summary.
- Footnotes of note:
- F1: 4/15 units acquired through dividend reinvestment under the Deferred Compensation Plan for Directors and Officers (exempt under Rule 16a-11).
- F2: Each deferred stock unit equals the economic equivalent of one common share and becomes payable in shares after the director’s service ends, per the Deferred Compensation Plan.
- F3: 7/01 units granted under the 2009 Non-Employee Director Equity Compensation Plan and deferred per the director’s election.
- Filing timeliness: Form 4 filed 2026-07-02 covering transactions through 2026-07-01 — appears timely (no late filing indicated).
Context These acquisitions reflect plan-driven compensation (dividend reinvestment and director equity grant) and represent deferred units rather than immediate open-market ownership. Deferred stock units mirror the economic value of shares but are paid out in shares after the director leaves service, so they are routine compensation rather than a direct market purchase indicating insider sentiment.
Insider Transaction Report
- Other
Deferred Stock Units
[F1][F2]2026-04-15$89.49/sh+108$9,665→ 18,669 total→ Common Stock (108 underlying) - Award
Deferred Stock Units
[F3][F2]2026-07-01$77.63/sh+564$43,783→ 19,233 total→ Common Stock (564 underlying)
Footnotes (3)
- [F1]Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.
- [F2]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.
- [F3]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.