Form 4: CNX Director Gifts Shares to Grandchildren's Accounts

A director at CNX Resources Corp transferred 1,000 common shares to Uniform Transfers to Minors Act accounts for grandchildren.

Summary

• J. Palmer Clarkson, a Director of CNX Resources Corp (CNX), reported a transaction involving common shares.
• On November 18, 2025, Clarkson disposed of 1,000 common shares directly.
• Concurrently, 1,000 common shares were acquired indirectly across four separate Uniform Transfers to Minors Act (UTMA) accounts, with 250 shares in each account (UTMA Account #1, #2, #3, and #4).
• The transaction code 'G' indicates these were exempt transfers under the Uniform Transfers to Minors Act, with a price of $0 per share.
• Following these transactions, Clarkson directly beneficially owns 244,433 common shares, which include 6,762 restricted stock units and 44,998 deferred stock units.
• Clarkson indirectly beneficially owns 250 common shares in each of the four UTMA accounts, totaling 1,000 shares, but disclaims beneficial ownership of these shares for Section 16 purposes.

Sentiment

Score: 5

Explanation: Neutral, as the filing reports a personal gift transfer of shares by a director, which is not indicative of company performance or strategic direction.

Future Outlook

NA

Management Comments

• The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.

Industry Context

This filing details a personal insider transaction and does not provide information related to broader industry trends or competitive landscape for CNX Resources Corp.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a non-cash gift transfer of a relatively small number of shares by a director.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Recommendation

The filing details a personal gift transfer of shares by a director and does not contain information related to the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transaction is a non-cash transfer and does not reflect a sale or purchase based on market sentiment.

Keywords

CNX Resources Corp, CNX, Form 4, Insider Transaction, Stock Transfer, Director, J. Palmer Clarkson, UTMA