Form 4: CNX Resources EVP Sells Shares for Tax Obligations

CNX Resources' EVP and General Counsel, Timothy Scott Bedard, disposed of 2,832 common shares to cover tax liabilities from restricted stock unit vesting.

Summary

• Timothy Scott Bedard, Executive Vice President and General Counsel of CNX Resources Corp (CNX), reported a transaction on December 22, 2025.
• Bedard disposed of 2,832 common shares at a price of $37.21 per share.
• This disposition was an automatic withholding of shares to satisfy tax liability arising from the vesting of previously granted restricted stock units.
• Following this transaction, Bedard beneficially owns 87,271 common shares directly.
• Of the shares owned, 69,006 are restricted stock units, including dividend equivalent rights.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes, indicating a neutral sentiment as it does not reflect a voluntary investment decision by the insider.

Future Outlook

This filing is a routine report of an insider transaction for tax purposes and does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a standard insider transaction report (Form 4) detailing a tax-related sale of shares by an executive. Such transactions are common across all industries when restricted stock units or other equity awards vest, and they typically do not reflect a change in management's view of the company's prospects or broader industry trends.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine tax-related transaction and not a discretionary sale indicating a change in insider sentiment.
• Employees: No direct impact mentioned.

Key Dates

Keywords

CNX Resources, CNX, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Timothy Scott Bedard