Form 4: CNX Director Disposes Shares for Tax Liability

CNX Resources Director Nicholas J. DeIuliis reported the disposition of 31,054 common shares to cover tax liabilities from vested restricted stock units.

Summary

• Director Nicholas J. DeIuliis disposed of 31,054 common shares of CNX Resources Corp.
• The disposition was an automatic withholding to satisfy tax liability from the vesting of previously granted restricted stock units.
• The transaction occurred on January 3, 2026, at a price of $36.46 per share.
• Following the transaction, Mr. DeIuliis directly beneficially owns 2,343,744 common shares, which include 54,420 restricted stock units (including dividend equivalent rights).
• Additionally, 270,436 shares (135,218 in Trust #1 and 135,218 in Trust #2) are indirectly held in trusts for his children, for which he disclaims beneficial ownership for Section 16 purposes.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 disclosure detailing the disposition of shares to cover tax liabilities from vested restricted stock units. This is a standard, non-discretionary event and does not inherently indicate positive or negative sentiment for the company's operational performance or future prospects.

Positives

• The transaction indicates the vesting of restricted stock units, representing a realization of compensation for the director.

Negatives

• The disposition of 31,054 common shares reduces the director's direct beneficial ownership in the company.

Future Outlook

NA

Management Comments

• The reporting person disclaims beneficial ownership of these securities (shares held in trusts for children), and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

NA

Related Party Transactions

• Shares are held indirectly in trusts established for the benefit of the reporting person's children, with the reporting person's spouse serving as trustee. The reporting person disclaims beneficial ownership of these shares for Section 16 purposes.

Stakeholder Impact

• Shareholders: The disposition represents a minor, routine reduction in a director's direct ownership, which is a standard part of executive compensation and unlikely to have a significant impact on the broader shareholder base.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

CNX Resources, CNX, Form 4, Insider Transaction, Director, Stock Disposition, Tax Liability, Restricted Stock Units, Beneficial Ownership