Del Vecchio Joseph N, President of NFG Supply Corp., has demonstrated a clear selling bias in his transactions involving National Fuel Gas Company (NFG) shares, according to SEC Form 4 filings. Over 24 reported trades, his total sell activity amounted to $62,815.85, significantly outweighing his $21,474.24 in purchases. The bulk of his selling occurred in early December 2025, with notable dispositions of $47,064.16 on December 5 and $6,314.77 on December 4, alongside smaller transactions like $1,812.36 on December 1 and $1,384.24 on September 10. These sales contrast with his acquisitions, which were limited to periodic stock awards—$7,414.06 on October 15, $7,194.42 on July 15, and $6,865.76 on April 15—likely tied to compensation rather than open-market purchases.
The transaction pattern suggests Del Vecchio has been reducing his NFG holdings, particularly in late 2025, with no recent buying activity. The absence of open-market purchases and the reliance on stock awards for accumulation further underscore the net divestment trend. While the sales in December were substantial, the earlier transactions were smaller and more sporadic, indicating a possible shift in his position later in the year. All activity remains confined to NFG, with no diversification into other securities. The filings reflect a straightforward reduction in exposure, though the reasons behind the sales are not disclosed.
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