Core Natural (CNR) SVP awarded 4,820 RSUs; shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Core Natural Resources, Inc. senior vice president and chief administrative officer Kurt R. Salvatori received a grant of 4,820 restricted stock units under the company’s Omnibus Performance Incentive Plan. These units vest in equal annual installments over three years starting on the first anniversary of the grant, with each unit representing one share of common stock.
On the same dates, 459 shares and 689 shares of common stock were withheld as tax-withholding dispositions tied to the vesting of previously granted restricted stock units, rather than open-market sales. After these transactions, Salvatori holds 24,585 shares of common stock directly, including 10,441 unvested restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Salvatori Kurt R.
Role
SVP, Chief Admin. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock, par value $0.01 per share | 459 | $88.96 | $41K |
| Tax Withholding | Common stock, par value $0.01 per share | 689 | $88.96 | $61K |
| Grant/Award | Common stock, par value $0.01 per share | 4,820 | $0.00 | -- |
Holdings After Transaction:
Common stock, par value $0.01 per share — 25,274 shares (Direct)
Footnotes (1)
- Represents a grant of restricted stock units pursuant to the Issuer's Omnibus Performance Incentive Plan, which vest annually in equal installments over a period of three years, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. Represents shares of common stock withheld to satisfy the Reporting Person's tax liability from the vesting of restricted stock units previously granted to him. Of the 24,585 shares reported, 10,441 are unvested restricted stock units.
FAQ
What equity award did CNR grant to Kurt R. Salvatori in this Form 4?
CNR granted Kurt R. Salvatori 4,820 restricted stock units. These units were awarded under the Omnibus Performance Incentive Plan and vest in equal annual installments over three years, beginning on the first anniversary of the grant date, each delivering one share of common stock.
How do the new CNR restricted stock units for Kurt R. Salvatori vest?
The 4,820 restricted stock units vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, and each vested unit converts into one share of Core Natural Resources common stock, aligning compensation with multi-year company performance.
Were the Core Natural Resources Form 4 transactions open-market sales by Kurt R. Salvatori?
No, the dispositions were tax-withholding transactions. A total of 459 and 689 shares of CNR common stock were withheld to satisfy Salvatori’s tax obligations arising from vesting of previously granted restricted stock units, rather than discretionary open-market sales.
What role does Kurt R. Salvatori hold at Core Natural Resources (CNR)?
Kurt R. Salvatori serves as senior vice president and chief administrative officer. His Form 4 filing reflects equity compensation and tax-withholding activity related to this executive role, reported as transactions in Core Natural Resources common stock and restricted stock units.