Form 4: CNX Resources CEO Alan Shepard Reports Stock Transactions

CNX Resources Corp's President & CEO, Alan Shepard, reported the acquisition of 41,506 restricted stock units and the disposition of 22,099 shares for tax liability.

Summary

• Alan K. Shepard, President & CEO of CNX Resources Corp, reported two transactions involving the company's common shares.
• On January 3, 2026, 22,099 common shares were disposed of at a price of $36.46 per share to satisfy tax liability from the vesting of previously granted restricted stock units.
• On January 5, 2026, 41,506 restricted stock units were acquired at a price of $0. These units are scheduled to vest annually in equal installments over a three-year period.
• Following these transactions, Alan K. Shepard beneficially owns 222,605 common shares, which includes 86,856 restricted stock units (and dividend equivalent rights).
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating they were pre-planned.

Sentiment

Score: 5

Explanation: The filing reports standard insider transactions involving restricted stock unit grants and tax-related share dispositions, which are common for executive compensation and generally neutral in sentiment.

Positives

• The grant of 41,506 restricted stock units aligns management's interests with long-term shareholder value through a three-year vesting schedule.
• The transactions were conducted under a Rule 10b5-1(c) plan, indicating pre-planned and transparent insider trading.

Negatives

• The disposition of 22,099 shares to cover tax liabilities, while a common practice, represents a reduction in direct share ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The grant of restricted stock units aligns the CEO's incentives with long-term shareholder value. The disposition for tax purposes is a routine event and has minimal impact.
• Employees: No direct impact on general employees is indicated by these transactions.

Next Steps

• The 41,506 restricted stock units granted on January 5, 2026, will vest annually in equal installments over a period of three years.

Key Dates

Keywords

CNX Resources, CNX, Alan Shepard, Form 4, Insider Trading, Restricted Stock Units, RSU, Stock Grant, Tax Withholding, CEO, Equity Compensation, 10b5-1 Plan