secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL FUEL GAS CO (NFG)
CIK:        0000070145
Form:       8-K
Filed at:   2025-12-10T23:59:59+00:00
Accession:  0001193125-25-314162
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

National Fuel Gas grants performance shares and RSUs to named executives; amends incentive plan
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- CEO Bauer receives 35,977 TSR performance shares and 23,307 RSUs; CFO Silverstein 11,447 and 7,416; J. Loweth 18,083 and 11,715.
- Additional cash payments in lieu of two-year averaging: Bauer $291,544, Silverstein $85,243, Loweth $130,366.
- Board amends Annual Incentive Plan, renaming it to National Fuel Gas Company Annual Incentive Plan, raising max award.
- FY2026 short-term incentive targets: CEO target 125% salary, CFO 80%, Loweth 100%; max up to 250%/160%/200% of salary.
- Performance goals include EBITDA, lease operating expense, safety, and qualitative strategic objectives.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70145/000119312525314162/0001193125-25-314162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70145/000119312525314162/d13346d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-314162

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