CNX Resources CFO reports 154,865-share stake
CNX’s chief financial officer reports initial ownership in common shares, restricted units, PSUs, and stock options.
Rhea-AI Filing Summary
CNX Resources Corp (CNX) had its Chief Financial Officer, Ravi Srivastava, report his initial beneficial ownership of the company’s securities. He reports direct holdings of 154,865 common shares, which include 46,658 restricted stock units with dividend equivalent rights, plus 1,386 common shares held indirectly through a 401(k) plan. He also reports derivative interests consisting of Performance Share Units tied to 287,501 underlying common shares that may vest in tranches over approximately seven years, and a stock option for 1,300 underlying common shares at an exercise price of $10.525 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Srivastava Ravi
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Share Units F2 | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common shares, $0.01 par value per share F1 | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Performance Share Units — 287,501 contracts (Direct);
Stock Option (right to buy) — 1,300 contracts (Direct);
Common shares, $0.01 par value per share — 154,865 shares (Direct);
Common shares, $0.01 par value per share — 1,386 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. Of the shares owned, 46,658 are restricted stock units (including dividend equivalent rights).
- F2. Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock. These PSUs, which were granted on August 1, 2023, vest upon the common stock of CNX Resources achieving certain pre-determined prices per share in three tranches over approximately seven years. The first tranche of PSUs vested on August 13, 2026.
Key Figures
Direct common shares held: 154,865 shares
Restricted stock units within direct holdings: 46,658 units
Common shares held via 401(k) plan: 1,386 shares
+5 more
8 metrics
Direct common shares held
154,865 shares
Reported as directly owned by the CFO after the reported holdings as of September 21, 2026
Restricted stock units within direct holdings
46,658 units
Part of the 154,865 directly owned common shares, including dividend equivalent rights
Common shares held via 401(k) plan
1,386 shares
Indirectly owned through a 401(k) plan after the reported holdings as of September 21, 2026
Underlying shares for Performance Share Units
287,501 shares
Common shares underlying PSUs expiring July 31, 2030, contingent on stock price performance
Underlying shares for stock option
1,300 shares
Common shares underlying a stock option expiring January 21, 2030
Stock option exercise price
$10.525 per share
Exercise price for the 1,300-share stock option reported by the CFO
PSU grant date
August 1, 2023
Grant date of the Performance Share Units that vest over approximately seven years
First PSU tranche vesting date
August 13, 2026
Date on which the first tranche of PSUs vested upon meeting stock price conditions
Key Terms
Performance Share Units, restricted stock units, dividend equivalent rights, contingent right
4 terms
restricted stock units financial
"Of the shares owned, 46,658 are restricted stock units (including dividend equivalent rights)."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Of the shares owned, 46,658 are restricted stock units (including dividend equivalent rights)."
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
contingent right financial
"Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock options in CNX (CNX) does the CFO report on this Form 3?
He reports a stock option covering 1,300 underlying CNX common shares at an exercise price of $10.525 per share, with an expiration date of January 21, 2030, reflecting part of his derivative equity compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
