Form 4 - Statement of changes in beneficial ownership of securities

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* Krebs Martin A (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) Chief Information Officer
	3. Date of Earliest Transaction (Month/Day/Year) 12/01/2024
	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	01/12/2024		J	V	38(1)	A	$50.302	3,873	D
Common Stock	04/15/2024		J	V	36(1)	A	$52.928	3,909	D
Common Stock	07/15/2024		J	V	35(1)	A	$57.358	3,944	D
Common Stock	10/15/2024		J	V	33(1)	A	$60.976	3,977	D
Common Stock	12/01/2024		M		644	A	(2)	4,621	D
Common Stock	12/01/2024		D		644	D	(3)	3,977	D
Common Stock	12/02/2024		M		659	A	(2)	4,636	D
Common Stock	12/02/2024		D		659	D	(4)	3,977	D
Common Stock								2,152(5)	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
Deferred Stock Units(6)	(7)	01/12/2024		J	V	133		(8)	(8)	Common Stock	133	$50.38	13,732	D
Deferred Stock Units(6)	(7)	04/15/2024		J	V	129		(8)	(8)	Common Stock	129	$52.83	13,861	D
Deferred Stock Units(6)	(7)	07/15/2024		J	V	126		(8)	(8)	Common Stock	126	$56.69	13,987	D
Deferred Stock Units(6)	(7)	10/15/2024		J	V	118		(8)	(8)	Common Stock	118	$60.86	14,105	D
Restricted Stock Units	(2)	12/01/2024		M			644	(9)	(9)	Common Stock	644	$0.00	644	D
Deferred Stock Units	(7)	12/01/2024		A		644		(8)	(8)	Common Stock	644	(3)	14,749	D
Restricted Stock Units	(2)	12/02/2024		M			659	(10)	(10)	Common Stock	659	$0.00	0.00	D
Deferred Stock Units	(7)	12/02/2024		A		659		(8)	(8)	Common Stock	659	(4)	15,408	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. In connection with the vesting on December 1, 2024 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 644 shares of common stock was deferred, resulting in the reporting person's receipt instead of 644 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 644 shares of common stock in exchange for an equal number of deferred stock units.

4. In connection with the vesting on December 2, 2024 of restricted stock units previously granted to the reporting person, the reporting person's receipt of 659 shares of common stock was deferred, resulting in the reporting person's receipt instead of 659 deferred stock units pursuant to National Fuel Gas Company's deferred compensation plan. The reporting person is therefore reporting the disposition of 659 shares of common stock in exchange for an equal number of deferred stock units.

5. 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 2, 2024, as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

6. Acquired through dividend reinvestment feature of the National Fuel Gas Company Deferred Compensation Plan for Directors and Officers, exempt under Rule 16a-11.

7. Each deferred stock unit is the economic equivalent of one share of common stock.

8. 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.

9. On December 1, 2022, the reporting person was granted 1,932 restricted stock units, vesting as follows: 644 on December 1, 2023, 644 on December 1, 2024, and 644 on December 1, 2025.

10. On December 2, 2021, the reporting person was granted 1,975 restricted stock units, vesting as follows: 658 on December 2, 2022, 658 on December 2, 2023, and 659 on December 2, 2024.

Remarks:

	J. P. Baetzhold, Attorney in Fact	12/03/2024
	** 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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