Form 4: CNX Resources CFO Alan Shepard Reports Changes in Beneficial Ownership

Alan Shepard, CFO of CNX Resources, reports acquisition and disposal of CNX common shares due to vesting of restricted stock units and tax liability fulfillment.

Summary

• On January 3, 2025, Alan K. Shepard, Chief Financial Officer of CNX Resources Corp, reported changes in his beneficial ownership of CNX common shares.
• He acquired 37,742 shares through the grant of restricted stock units, which vest annually over three years.
• He disposed of 20,491 shares to satisfy tax liabilities related to the vesting of previously granted restricted stock units at a price of $33.12 per share.
• Following these transactions, Shepard beneficially owns 196,107 CNX common shares, including 109,581 restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative sentiment towards the company's prospects.

Positives

• The acquisition of shares through vesting restricted stock units indicates a continued alignment of the CFO's interests with the company's performance.

Negatives

• The disposal of shares to cover tax liabilities, while a normal occurrence, reduces the CFO's overall holdings.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's ownership stake in the company.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates