Form 4: CNX Resources Director Bernard Lanigan Jr. Acquires 75,000 Shares

Director Bernard Lanigan Jr. reports purchasing 75,000 shares of CNX Resources Corp, increasing his indirect holdings.

Summary

• On August 20, 2024, Bernard Lanigan Jr., a director of CNX Resources Corp, purchased 75,000 common shares at a weighted average price of $26.74.
• The purchase was made through open-market transactions with prices ranging from $26.67 to $26.90.
• Following the transaction, Lanigan's total beneficial ownership includes direct holdings of 170,418 shares and indirect holdings through various entities.
• These entities include Conifer Partners IV, LLC (326,820 shares), Lanigan Family Holdings, LLC (30,600 shares), Conifer Partners III, LLC (669,806 shares), Conifer Partners II, LLC (82,600 shares), and Teton Pines Capital, LLC (58,845 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a routine transaction disclosure.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's sentiment about the company's stock.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates