National Fuel Gas (NFG) Form 3 NATIONAL FUEL GAS / Vecchio Joseph N Del ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Del Vecchio Joseph N

(Last) (First) (Middle)

6363 MAIN STREET

(Street)

WILLIAMSVILLE NY 14221

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2025

3. Issuer Name and Ticker or Trading Symbol
NATIONAL FUEL GAS CO [ NFG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President, NFG Supply Corp.

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	15,470	D
Common Stock	14,041(1)	I	401K Trust

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	12/01/2025	12/01/2025	Common Stock	597	(2)	D
Restricted Stock Units	(3)	(3)	Common Stock	1,577	(2)	D
Restricted Stock Units	(4)	(4)	Common Stock	3,359	(2)	D
Deferred Stock Units	(6)	(6)	Common Stock	13,329	(5)	D

Explanation of Responses:

1. The NFG Stock fund under the NFG 401(k) plan is denominated in units, representing ownership interests in a fund that include 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 January 31, 2025 as reported by the plan administrator, divided by the closing price of NFG common stock on that date.

2. Each restricted stock unit represents a contingent right to receive one share of NFG common stock.

3. The restricted stock units vest as follows: 788 on December 6, 2025; and 789 on December 6, 2026.

4. The restricted stock units vest as follows: 1,119 on December 5, 2025, 1,120 on December 5, 2026, and 1,120 on December 5, 2027.

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

6. 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.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney

	J. P. Baetzhold, Attorney in Fact	02/11/2025
	** 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 5 (b)(v).
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