Form 4: CNX Resources Corp: Executive Vice President and General Counsel Timothy Scott Bedard Reports Changes in Beneficial Ownership

Timothy Scott Bedard, EVP and General Counsel of CNX Resources Corp, reports acquisition and disposal of common shares due to vesting of restricted stock units and tax withholding.

Summary

• On January 31, 2025, Timothy Scott Bedard, EVP and General Counsel of CNX Resources Corp, reported changes in beneficial ownership of CNX common shares.
• Bedard acquired 3,229 shares due to the vesting of Performance-Based Restricted Stock Units (ESG) under a 2024-2026 Performance Incentive Program.
• Concurrently, 1,405 shares were disposed of to satisfy tax liabilities related to the vesting of these restricted stock units at a price of $27.38 per share.
• Following these transactions, Bedard beneficially owns 90,103 shares, including 75,517 restricted stock units (including dividend equivalent rights).

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of ESG-linked RSUs is a slightly positive indicator of performance.

Positives

• The vesting of Performance-Based Restricted Stock Units indicates that performance targets were met, which is a positive signal.

Future Outlook

The document does not contain any specific forward-looking statements.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company executives and their confidence in the company's performance.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest based on performance metrics.
• The vesting of ESG-linked RSUs is becoming more common as companies integrate environmental, social, and governance factors into their business strategies.
• Tax withholding practices related to RSU vesting are standard across publicly traded companies.

Stakeholder Impact

• The vesting of restricted stock units and subsequent tax withholding are standard components of executive compensation packages, making these transactions expected.

Key Dates

Keywords

CNX Resources Corp, Beneficial Ownership, Form 4, Restricted Stock Units, Vesting, Tax Withholding, Insider Trading, ESG, Performance Incentive Program, Executive Compensation