# EDGAR Filing Document

**Accession Number:** 0001030287
**File Stem:** 0001562180-25-005315
**Filing Date:** 2025-7
**Character Count:** 11958
**Document Hash:** 5f8dbb6186b00e104dc39654c9b29e60
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-25-005315.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0001562180-25-005315

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250701

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** SHAW JEFFREY W
- **CENTRAL INDEX KEY:** 0001030287

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-03880
- **FILM NUMBER:** 251105326

**MAIL ADDRESS:**
- **STREET 1:** 5241 SPRING MOUNTAIN DRIVE
- **CITY:** LAS VEGAS
- **STATE:** NV
- **ZIP:** 89150-0002
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONAL FUEL GAS CO
- **CENTRAL INDEX KEY:** 0000070145
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATURAL GAS DISTRIBUTION [4924]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 131086010
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0930

**BUSINESS ADDRESS:**
- **STREET 1:** 6363 MAIN STREET
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221-5887
- **BUSINESS PHONE:** 716-857-7000

**MAIL ADDRESS:**
- **STREET 1:** 6363 MAIN STREET
- **STREET 2:** 6363 MAIN STREET
- **CITY:** WILLIAMSVILLE
- **STATE:** NY
- **ZIP:** 14221-5887

## Ex-24

```

Exhibit 24
POWER OF ATTORNEY

The undersigned hereby makes, constitutes and appoints each of
Lee E. Hartz, Kenneth E. Webster, Meghan A. Corcoran,
James P. Baetzhold, Kathryn M. Nikisch-Hoffman, and
Robin L. Maczka, or any of them acting singly, and with full
power of substitution, re-substitution and
delegation, the undersigned's true and lawful attorney-in-fact (each
of such persons and their substitutes and delegees being referred to
herein as the "Attorney-in-Fact"), with full power to act for the
undersigned and in the undersigned's name, place and stead, in the
undersigned's capacity as an officer, director or stockholder of
National Fuel Gas Company (the "Company"), to:

1. Take such actions as may be necessary or appropriate to enable the
undersigned to submit and file forms, schedules and other documents
with the U.S. Securities and Exchange Commission ("SEC") utilizing
the SEC's Electronic Data Gathering and Retrieval ("EDGAR") system,
which actions may include (a) enrolling the undersigned in EDGAR
Next and (b) preparing, executing and submitting to the SEC a Form ID,
amendments thereto, and such other documents and information as may
be necessary or appropriate to obtain codes and passwords enabling
the undersigned to make filings and submissions utilizing the EDGAR
system;
2.  Prepare and execute any and all forms, schedules and other
documents (including any amendments thereto) the undersigned is
required to file with the SEC, or which the Attorney-in-Fact considers
it advisable for the undersigned to file with the SEC, under Section 13
or Section 16 of the Securities Exchange Act of 1934 or any rule or
regulation thereunder, or under Rule 144 under the Securities Act
of 1933 ("Rule 144"), including Forms 3, 4 and 5, Schedules 13D and
13G, and Forms 144 (all such forms, schedules and other documents
being referred to herein as "SEC Filings");
3. Submit and file SEC Filings with the SEC utilizing the EDGAR system
or cause them to be submitted and filed by a person appointed under
Section 5 below;
4. File, submit or otherwise deliver SEC Filings to any securities
exchange on which the Company's securities may be listed or traded;
5. Act as an account administrator for the undersigned's EDGAR account,
including: (i) appoint, remove and replace account administrators,
account users, technical administrators and delegated entities;
(ii) maintain the security of the undersigned's EDGAR account, including
modification of access codes; (iii) maintain, modify and certify the
accuracy of information on the undersigned's EDGAR account dashboard;
(iv) act as the EDGAR point of contact with respect to the
undersigned's EDGAR account; and (v) any other actions contemplated
by Rule 10 of Regulation S-T with respect to account administrators;
and if so authorized on the undersigned's EDGAR account dashboard,
to act as a delegated administrator for the undersigned's EDGAR
account, including: (i) appoint, remove and replace delegated account
administrators and users; (ii) maintain the security of the
undersigned's EDGAR account; and (iii) any other actions contemplated
by Rule 10 of Regulation S-T with respect to delegated entities;
6. Cause the Company to accept a delegation of authority from any of
the undersigned's EDGAR account administrators and, pursuant to that
delegation, authorize the Company's EDGAR account administrators to
appoint, remove or replace users for the undersigned's EDGAR account;
and
7. Obtain, as the undersigned's representative and on the undersigned's
behalf, information regarding transactions in the Company's equity
securities from any third party, including the Company and any
brokers, dealers, employee benefit plan administrators and trustees,
and the undersigned hereby authorizes any such third party to release
any such information to the Attorney-in-Fact.

The undersigned acknowledges that:

a) This Power of Attorney authorizes, but does not require, the
Attorney-in-Fact to act in his or her discretion on information
provided to such Attorney-in-Fact without independent
verification of such information;
b) Any documents prepared or executed by the Attorney-in-Fact on
behalf of the undersigned pursuant to this Power of Attorney
will be in such form and will contain such information as the
Attorney-in-Fact, in his or her discretion, deems necessary
or desirable;
c) Neither the Company nor the Attorney-in-Fact assumes any
d) liability for the undersigned's responsibility to comply
with the requirements of Section 13 or Section 16 of the
Exchange Act or Rule 144, any liability of the undersigned
for any failure to comply with such requirements, or any
liability of the undersigned for disgorgement of profits under Section
16(b) of the Exchange Act; and
e) This Power of Attorney does not relieve the undersigned from
responsibility for compliance with the undersigned's
obligations under Section 13 or Section 16 of the Exchange
Act, including, without limitation, the reporting requirements
under Section 13 or Section 16 of the Exchange Act.

The undersigned hereby grants to the Attorney-in-Fact full power and
authority to do and perform each and every act and thing requisite,
necessary or advisable to be done in connection with the foregoing,
as fully, to all intents and purposes, as the undersigned might or could
do in person, hereby ratifying and confirming all that the Attorney-in-Fact,
or his or her substitute or substitutes, shall lawfully do or
cause to be done by authority of this Power of Attorney.

This Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file Forms 4 or 5 or Schedules
13D or 13G or Forms 144 with respect to the undersigned's holdings
of and transactions in securities of the Company, unless earlier revoked by
the undersigned in a signed writing delivered to the Attorney-in-Fact.

This Power of Attorney revokes all previous powers of attorney with
respect to the subject matter of this Power of Attorney.

IN WITNESS WHEREOF, the undersigned has executed this Power
of Attorney as of June 11, 2025.

/s/ Jeffrey W. Shaw
Signature
Jeffrey W. Shaw
Print Name

```

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>SHAW JEFFREY W<br><sub>(Last) (First) (Middle)</sub><br>6363 MAIN ST<br><sub>(Street)</sub><br>WILLIAMSVILLE, NY 14221<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-07-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>NATIONAL FUEL GAS CO [ NFG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock<sup>(1)</sup> | 2025-07-01 |  | A |  | 518.00 | A | $84.62 | 34753.00 | D |  |
| Common Stock |  |  |  |  |  |  |  | 100.00 | I | By trust |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Acquired through quarterly grant under the National Fuel Gas Company 2009 Non-Employee Director Equity Compensation Plan.

**Remarks:**
Exhibit List - Exhibit 24 - Power of Attorney

**Signature:** J. P. Baetzhold, Attorney in Fact  
**Date:** 2025-07-03

### Remarks:

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.**