Finch Steven C. 4

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.