Form 4: CNX COO Navneet Behl Sells Shares for Tax Obligations

CNX Resources Corp's Chief Operating Officer, Navneet Behl, disposed of 3,776 common shares to cover tax liabilities from vested performance share units.

Summary

• Navneet Behl, Chief Operating Officer of CNX Resources Corp, reported a transaction involving the company's common shares.
• On September 1, 2025, Mr. Behl disposed of 3,776 common shares, with a par value of $0.01 per share, at a price of $29.2 per share.
• This disposition was an 'F' transaction code, indicating shares were automatically withheld to satisfy tax liability from the vesting of previously granted performance share units.
• Following this transaction, Mr. Behl beneficially owns 155,230 common shares directly.
• Of the beneficially owned shares, 102,565 are restricted stock units, which include dividend equivalent rights.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event associated with the vesting of performance share units, which is a standard part of executive compensation and does not reflect discretionary selling or a change in management's outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction and does not provide information directly related to broader industry trends or competitive landscape.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in insider sentiment or company fundamentals.

Key Dates

Keywords

CNX Resources Corp, Navneet Behl, Form 4, Insider Transaction, Tax Withholding, Performance Share Units, Executive Compensation, Common Shares