National Fuel Gas Company
US ˙ NYSE ˙ US6361801011

Introduction

This page provides a comprehensive analysis of the known insider trading history of Carroll David C.. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Carroll David C. has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:NFG / National Fuel Gas Company Director 30,058
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Carroll David C.. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases NFG / National Fuel Gas Company - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in NFG / National Fuel Gas Company. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NFG / National Fuel Gas Company Insider Trades
Insider Sales NFG / National Fuel Gas Company - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in NFG / National Fuel Gas Company. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

NFG / National Fuel Gas Company Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Carroll David C. as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-07-03 2025-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 196 30,058 0.66 78.18 15,323 2,349,844
2025-04-03 2025-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 230 29,862 0.78 66.23 15,232 1,977,701
2025-01-03 2024-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 247 29,632 0.84 60.98 15,061 1,806,841
2024-10-02 2024-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 261 29,385 0.90 57.36 14,970 1,685,465
2024-07-02 2024-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 269 29,124 0.93 52.93 14,238 1,541,475
2024-04-03 2024-01-12 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 280 28,855 0.98 50.30 14,085 1,451,464
2024-01-04 2023-10-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 258 28,575 0.91 54.13 13,966 1,546,822
2023-10-03 2023-07-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 272 28,317 0.97 50.87 13,837 1,440,542
2023-07-05 2023-04-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 235 28,045 0.85 56.03 13,167 1,571,333
2023-04-04 2023-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 212 27,810 0.77 61.61 13,062 1,713,458
2023-01-04 2022-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 205 27,598 0.75 63.27 12,971 1,746,236
2022-10-04 2022-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 200 27,393 0.74 64.28 12,857 1,760,932
2022-07-05 2022-04-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 174 27,193 0.64 70.40 12,249 1,914,278
2022-04-05 2022-04-01 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 626 6,120 11.39 69.98 43,804 428,247
2022-04-05 2022-01-14 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		J - Other 34 5,494 0.62 63.97 2,175 351,451
2022-04-05 2022-01-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 193 27,019 0.72 63.17 12,191 1,706,709
2022-01-05 2022-01-03 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 688 5,460 14.42 63.66 43,795 347,556
2022-01-05 2021-10-15 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		J - Other 31 4,772 0.65 57.79 1,791 275,774
2022-01-05 2021-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 207 26,826 0.78 58.29 12,066 1,563,661
2021-10-04 2021-10-01 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 821 4,741 20.94 53.32 43,772 252,766
2021-10-04 2021-07-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 233 26,619 0.88 51.19 11,928 1,362,706
2021-10-04 2021-07-15 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		J - Other 27 3,920 0.69 51.31 1,385 201,135
2021-07-02 2021-07-01 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 829 3,893 27.06 52.78 43,750 205,453
2021-07-02 2021-04-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 230 26,386 0.88 50.42 11,595 1,330,250
2021-07-02 2021-04-15 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		J - Other 19 3,064 0.62 50.87 967 155,866
2021-04-05 2021-04-01 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 879 3,045 40.58 49.79 43,765 151,611
2021-04-05 2021-01-15 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		J - Other 11 2,166 0.51 44.28 487 95,910
2021-04-05 2021-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 263 26,156 1.02 43.67 11,485 1,142,206
2021-01-06 2021-01-04 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 1,067 2,155 98.07 41.01 43,758 88,377
2021-01-06 2020-10-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 269 25,893 1.05 42.24 11,363 1,093,798
2020-10-05 2020-10-01 4 NFG NATIONAL FUEL GAS CO
Deferred Stock Units 		A - Award 1,088 1,088 40.24 43,781 43,781
2020-10-05 2020-07-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 261 25,624 1.03 41.35 10,792 1,059,552
2020-07-06 2020-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 1,062 25,363 4.37 41.23 43,786 1,045,716
2020-07-06 2020-04-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 255 24,301 1.06 38.73 9,876 941,178
2020-04-02 2020-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 1,212 24,046 5.31 36.10 43,759 868,181
2020-04-02 2020-01-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 208 22,834 0.92 45.10 9,381 1,029,813
2020-01-03 2020-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 958 22,626 4.42 45.69 43,771 1,033,782
2020-01-03 2019-10-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 198 21,668 0.92 44.77 8,864 970,076
2019-10-02 2019-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 948 21,470 4.62 46.17 43,769 991,270
2019-10-02 2019-07-16 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 162 20,522 0.80 52.10 8,440 1,069,114
2019-07-02 2019-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 827 20,359 4.23 52.92 43,769 1,077,500
2019-07-02 2019-04-17 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 129 19,532 0.66 60.98 7,866 1,191,003
2019-04-02 2019-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 719 19,403 3.85 60.86 43,762 1,180,964
2019-04-02 2019-01-17 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 137 18,684 0.74 54.46 7,460 1,017,437
2019-01-04 2019-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 866 18,547 4.90 50.56 43,785 937,736
2019-01-04 2018-10-17 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 125 17,681 0.71 56.86 7,108 1,005,342
2018-10-02 2018-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 780 17,556 4.65 56.16 43,805 985,945
2018-10-02 2018-07-17 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 122 16,776 0.73 54.61 6,662 916,137
2018-07-03 2018-07-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 827 16,654 5.23 52.96 43,802 882,079
2018-07-03 2018-04-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 119 15,827 0.76 51.43 6,120 813,983
2018-04-04 2018-04-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 861 15,708 5.80 50.83 43,765 798,438
2018-04-04 2018-01-12 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 103 14,847 0.70 55.83 5,750 828,908
2018-01-04 2018-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 769 14,743 5.50 56.92 43,775 839,245
2018-01-04 2017-10-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 94 13,974 0.68 57.23 5,380 799,732
2017-10-04 2017-10-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 768 13,880 5.86 56.98 43,761 790,882
2017-10-04 2017-07-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 89 13,112 0.68 56.79 5,054 744,630
2017-07-06 2017-07-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 779 13,023 6.36 56.23 43,803 732,283
2017-07-06 2017-04-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 85 12,244 0.70 53.72 4,566 657,748
2017-04-05 2017-04-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 740 12,159 6.48 59.16 43,782 719,387
2017-04-05 2017-01-13 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 75 11,419 0.66 57.46 4,309 656,101
2017-01-05 2017-01-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 11,344 5.58 56.47 33,882 640,596
2017-01-05 2016-10-14 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 75 10,744 0.70 53.82 4,036 578,242
2016-10-04 2016-10-03 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 10,669 5.96 53.76 32,253 573,512
2016-10-04 2016-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 67 10,069 0.67 56.52 3,787 569,100
2016-07-05 2016-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 10,002 6.38 56.90 34,140 569,114
2016-07-05 2016-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 67 9,402 0.72 51.09 3,423 480,311
2016-04-05 2016-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 9,335 6.87 49.99 29,994 466,657
2016-04-05 2016-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 76 8,735 0.88 41.11 3,124 359,070
2016-01-06 2016-01-04 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 8,659 7.45 42.60 25,557 368,830
2016-01-06 2015-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 52 8,059 0.65 54.56 2,837 439,715
2015-10-05 2015-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 8,007 8.10 50.24 30,141 402,232
2015-10-05 2015-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 47 7,407 0.64 56.46 2,654 418,236
2015-07-02 2015-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 7,360 8.88 58.49 35,094 430,486
2015-07-02 2015-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 37 6,760 0.55 63.22 2,339 427,387
2015-04-02 2015-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 600 6,723 9.80 60.44 36,267 406,372
2015-04-02 2015-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 32 6,123 0.53 66.95 2,142 409,953
2015-01-06 2015-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 6,091 9.93 69.73 38,352 424,725
2015-01-06 2014-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 28 5,541 0.51 66.23 1,854 366,980
2014-10-03 2014-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 5,513 11.08 69.90 38,448 385,386
2014-10-03 2014-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 22 4,963 0.45 74.39 1,637 369,188
2014-07-03 2014-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 4,941 12.53 78.22 43,018 386,460
2014-07-03 2014-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 20 4,391 0.46 69.49 1,390 305,117
2014-04-03 2014-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 4,371 14.39 69.68 38,324 304,571
2014-04-03 2014-01-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 17 3,821 0.45 71.44 1,214 272,972
2014-01-06 2014-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 3,804 16.90 70.76 38,915 269,152
2014-01-06 2013-10-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 14 3,254 0.43 66.62 933 216,790
2013-10-03 2013-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 3,240 20.45 69.12 38,019 223,965
2013-10-03 2013-07-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 12 2,690 0.45 62.37 748 167,770
2013-07-03 2013-07-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 2,678 25.85 58.06 31,933 155,485
2013-07-03 2013-04-15 4 NFG NATIONAL FUEL GAS CO
Common Stock 		J - Other 9 2,128 0.42 59.06 532 125,680
2013-04-03 2013-04-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 550 2,119 35.05 60.74 33,404 128,697
2013-01-04 2013-01-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 1,569 40.21 51.11 23,000 80,192
2012-10-03 2012-10-01 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 1,119 67.26 53.40 24,028 59,749
2012-07-03 2012-07-02 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 450 669 205.48 46.84 21,078 31,336
2012-06-11 2012-06-07 4 NFG NATIONAL FUEL GAS CO
Common Stock 		A - Award 119 219 119.00 44.84 5,336 9,820
2012-06-11 3 NFG NATIONAL FUEL GAS CO
Common Stock 		100
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)