National Fuel Gas (NFG) CIO reports RSU vesting and conversion to deferred stock units
Rhea-AI Filing Summary
National Fuel Gas Company’s Chief Information Officer reported routine equity compensation activity. On December 5, 2025, 712 restricted stock units vested and converted into 712 shares of common stock, which were then exchanged for 712 deferred stock units under the company’s deferred compensation plan. On December 6, 2025, 851 restricted stock units vested and converted into 851 shares of common stock, which were likewise exchanged for 851 deferred stock units.
After these transactions, the officer directly held 4,083 shares of common stock and indirectly held 62 units in the NFG stock fund within a 401(k) plan, which represents an interest in a mix of National Fuel Gas common stock and cash as of December 5, 2025. The filing reflects tax and timing elections on previously granted awards rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 851 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 851 | $0.00 | -- |
| Exercise | Common Stock | 851 | $0.00 | -- |
| Disposition | Common Stock | 851 | $0.00 | -- |
| Exercise | Restricted Stock Units | 712 | $0.00 | -- |
| Grant/Award | Deferred Stock Units | 712 | $0.00 | -- |
| Exercise | Common Stock | 712 | $0.00 | -- |
| Disposition | Common Stock | 712 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. In connection with the vesting on December 5, 2025 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 712 shares of common stock was deferred, resulting in the reporting person's receipt instead of 712 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 712 shares of common stock in exchange for an equal number of deferred stock units. In connection with the vesting on December 6, 2025 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 851 shares of common stock was deferred, resulting in the reporting person's receipt instead of 851 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 851 shares of common stock in exchange for an equal number of deferred stock units. The NFG stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that includes both NFG common stock and a reserve of cash. The information reported represents the dollar value of the reporting person's balance in the NFG stock fund as of December 5, 2025, as reported by the plan administrator, divided by the closing price of NFG common stock on that date. On December 5, 2024, the reporting person was granted 2,137 restricted stock units, vesting as follows: 712 on December 5, 2025, 712 on December 5, 2026, and 713 on December 5, 2027. 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, pursuant to the reporting person's distribution election under National Fuel Gas Company's Deferred Compensation Plan for Directors and Officers. On December 6, 2023, the reporting person was granted 2,552 restricted stock units, vesting as follows: 850 on December 6, 2024, 851 on December 6, 2025, and 851 on December 6, 2026.
FAQ
What insider transaction did NATIONAL FUEL GAS CO (NFG) report in this Form 4?
The Chief Information Officer reported vesting of restricted stock units on December 5, 2025 and December 6, 2025, and the exchange of the resulting common shares for an equal number of deferred stock units under the company’s deferred compensation plan.
What is the Chief Information Officer’s reported National Fuel Gas (NFG) ownership after these transactions?
Following the reported transactions, the officer beneficially owned 4,083 shares of NFG common stock directly and 62 units in the NFG stock fund indirectly through a 401(k) plan, as of December 5, 2025.
What are deferred stock units in the National Fuel Gas (NFG) compensation plans?
Each deferred stock unit is the economic equivalent of one share of NFG common stock. These units become payable in shares of common stock after the officer’s termination of service, in line with the officer’s distribution election under National Fuel Gas Company’s Deferred Compensation Plan for Directors and Officers.
How do restricted stock units convert under National Fuel Gas (NFG) equity awards?
The filing states that restricted stock units convert into NFG common stock on a one-for-one basis when they vest, unless the officer elects to defer receipt into deferred stock units under the applicable company plan.
What does the NFG stock fund in the 401(k) plan represent for National Fuel Gas (NFG) employees?
The NFG stock fund is denominated in units that represent an ownership interest in a fund holding both NFG common stock and a cash reserve. The reported 62 units reflect the dollar value of the officer’s balance as of December 5, 2025, divided by the closing price of NFG common stock on that date.