Form 4: Core Natural Resources Executive Chair James Brock Receives Stock Grants

James Brock, Executive Chair of Core Natural Resources, received grants of restricted stock units on February 18, 2025.

Summary

• James Brock, the Executive Chair of Core Natural Resources, received two grants of restricted stock units on February 18, 2025.
• The first grant consists of 20,096 restricted stock units that vest annually in equal installments over two years, starting on the first anniversary of the grant date.
• The second grant also consists of 20,096 restricted stock units, but these vest annually in equal installments over three years, beginning on the first anniversary of the grant date.
• Each restricted stock unit represents the contingent right to receive one share of Core Natural Resources common stock.
• Following these transactions, Brock beneficially owns 535,775 shares of Core Natural Resources, of which 40,192 are unvested restricted stock units.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of restricted stock units aligns the Executive Chair's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the Executive Chair.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service and the terms of the Issuer's Omnibus Performance Incentive Plan.

Industry Context

Stock grants are a common form of executive compensation used to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including stock grants, are typically benchmarked against peer companies in the same industry and of similar size.
• Companies like Range Resources, EQT Corporation, and Southwestern Energy also utilize stock grants as part of their executive compensation packages.
• The vesting schedules and grant sizes are often determined based on industry standards and company performance metrics.

Stakeholder Impact

• Shareholders may view the stock grants positively as they align executive interests with company performance.
• Employees may see the grants as a sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, Form 4, beneficial ownership, Core Natural Resources, James Brock, stock grants, executive compensation