SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Silverstein Timothy J

(Last) (First) (Middle)
6363 MAIN STREET

(Street)
WILLIAMSVILLE NY 14221

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NATIONAL FUEL GAS CO [ NFG ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Treasurer & Prin. Fin.Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/14/2023 J V 23(1) A $50.872 2,424 D
Common Stock 10/13/2023 J V 23(1) A $54.132 2,447 D
Common Stock 12/01/2023 M 290 A (2) 2,737 D
Common Stock 12/01/2023 F 149(3) D $51.223 2,588 D
Common Stock 12/02/2023 M 287 A (2) 2,875 D
Common Stock 12/02/2023 F 147(4) D $51.223 2,728 D
Common Stock 12/04/2023 M 300 A (2) 3,028 D
Common Stock 12/04/2023 F 154(5) D $51.37 2,874 D
Common Stock 3,663(6) I 401K Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 12/01/2023 M 290 (7) (7) Common Stock 290 $0.00 580 D
Restricted Stock Units (2) 12/02/2023 M 287 (8) (8) Common Stock 287 $0.00 287 D
Restricted Stock Units (2) 12/04/2023 M 300 (9) (9) Common Stock 300 $0.00 0.00 D
Explanation of Responses:
1. Acquired through dividend reinvestment plan, exempt under Rule 16a-11.
2. Restricted stock units convert into common stock on a one-for-one basis.
3. On December 1, 2023, the reporting person had 149 shares withheld and cancelled in respect of taxes in connection with the vesting of restricted stock units. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
4. On December 2, 2023, the reporting person had 147 shares withheld and cancelled in respect of taxes in connection with the vesting of restricted stock units. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
5. On December 4, 2023, the reporting person had 154 shares withheld and cancelled in respect of taxes in connection with the vesting of restricted stock units. These share cancellations are shown on Table I as dispositions (Transaction Code "D" in Column 4), although none of these cancelled shares were sold into the market, as indicated by Transaction Code "F" in Column 3.
6. 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 1, 2023, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.
7. On December 1, 2022, the reporting person was granted 870 restricted stock units, vesting as follows: 290 on December 1, 2023, 290 on December 1, 2024, and 290 on December 1, 2025.
8. On December 2, 2021, the reporting person was granted 861 restricted stock units, vesting as follows: 287 on December 2, 2022, 287 on December 2, 2023, and 287 on December 2, 2024.
9. On December 4, 2018, the reporting person was granted 900 restricted stock units, vesting as follows: 300 on December 4, 2021, 300 on December 4, 2022, and 300 on December 4, 2023.
Remarks:
J. P. Baetzhold, Attorney in Fact 12/05/2023
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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