CNX Resources (NYSE: CNX) COO vests tens of thousands of shares

Rhea-AI Filing Summary

CNX Resources Corp Chief Operating Officer Navneet Behl exercised 39,771 Performance Share Units (PSUs), converting them into an equal number of common shares at a stated price of $0.00 per share. In connection with this vesting, 17,297 common shares were automatically withheld at $35.38 per share to satisfy his tax liability. Following the transaction, Behl has 287,501 PSUs reported as remaining, with footnotes stating that these PSUs vest in three tranches based on CNX share-price targets over approximately seven years and that 56,062 target PSUs from the first tranche were not earned and will not vest. Of the common shares owned directly, 87,932 are restricted stock units, including dividend equivalent rights.

Insider Trade Summary

Net Buyer: 22,474 shares

Net Buy 3 txns

Insider Behl Navneet

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Performance Share Units F4, F1, F5	39,771	$0.00	$0.00
Exercise	Common shares, $0.01 par value per share F1	39,771	$0.00	$0.00
Tax Withholding	Common shares, $0.01 par value per share F2, F3	17,297	$35.38	$612K

Holdings After Transaction: Performance Share Units — 287,501 shares (Direct); Common shares, $0.01 par value per share — 227,776 shares (Direct)

Footnotes (5)

1. F1. Represents the vesting of the first tranche of Performance Share Units ("PSUs") granted to the reporting person on August 1, 2023.
2. F2. Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of PSUs previously granted to him.
3. F3. Of the shares owned directly, 87,932 are restricted stock units (including dividend equivalent rights).
4. F4. Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock. The PSUs vest upon the common stock of CNX Resources achieving certain pre-determined prices per share in three tranches over approximately seven years.
5. F5. The remaining PSUs have been further reduced by 56,062 target PSUs, which were not earned in the first tranche, and for which the reporting person has no further vesting opportunity.

Key Figures

PSUs exercised: 39,771 units Shares withheld for taxes: 17,297 shares Tax withholding price: $35.38 per share +3 more

6 metrics

PSUs exercised 39,771 units Performance Share Units vested and converted to common stock on 2026-08-13

Shares withheld for taxes 17,297 shares Common shares automatically withheld to satisfy tax liability at PSU vesting

Tax withholding price $35.38 per share Price applied to shares withheld for tax liability

PSUs remaining after transaction 287,501 units Performance Share Units reported following the first-tranche vesting adjustment

Unearned target PSUs 56,062 units First-tranche target PSUs not earned and with no further vesting opportunity

Restricted stock units held 87,932 units RSUs (including dividend equivalent rights) within shares owned directly

Key Terms

Performance Share Units, restricted stock units, dividend equivalent rights, contingent right

4 terms

Performance Share Units financial

"Represents the vesting of the first tranche of Performance Share Units"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

restricted stock units financial

"Of the shares owned directly, 87,932 are restricted stock units"

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

"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 represents a contingent right to receive one share"

FAQ

What did CNX (CNX) COO Navneet Behl report in this Form 4?

Navneet Behl reported the vesting and exercise of 39,771 Performance Share Units into common stock and the related withholding of 17,297 shares to cover tax liabilities, along with updated remaining PSU and restricted stock unit holdings.

How many CNX PSUs did Navneet Behl exercise and convert to common shares?

Navneet Behl exercised and converted 39,771 Performance Share Units into an equal number of CNX common shares. Each PSU represents a contingent right to receive one share of common stock upon meeting specified share-price performance conditions.

How many CNX shares were withheld for Navneet Behl’s tax liability?

In connection with the PSU vesting, 17,297 CNX common shares were automatically withheld at $35.38 per share to satisfy Navneet Behl’s tax liability arising from the vesting of previously granted Performance Share Units.

How many Performance Share Units does Navneet Behl have remaining at CNX?

After the first-tranche vesting and related adjustments, Navneet Behl has 287,501 Performance Share Units reported as remaining. Footnotes state these PSUs vest in three tranches over approximately seven years based on CNX share-price targets.

What happened to the 56,062 CNX target PSUs mentioned in the filing?

The filing notes that 56,062 target Performance Share Units tied to the first tranche were not earned. For these unearned PSUs, the reporting person has no further vesting opportunity, effectively eliminating them from potential future share delivery.

How many CNX restricted stock units does Navneet Behl hold directly?

Of the CNX common shares that Navneet Behl owns directly, 87,932 are restricted stock units. This figure includes associated dividend equivalent rights, which mirror dividends on the underlying shares while the units remain unvested.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/17/2026 - 05:46 PM Accepted by SEC EDGAR 08/17/2026 - 05:45 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Behl Navneet

(Last) (First) (Middle)

1000 HORIZON VUE DRIVE

(Street)

CANONSBURG PENNSYLVANIA 15317

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CNX Resources Corp [ CNX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares, $0.01 par value per share	08/13/2026		M		39,771(1)	A	$0	245,073	D
Common shares, $0.01 par value per share	08/13/2026		F		17,297(2)	D	$35.38	227,776(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units	(4)	08/13/2026		M			39,771(1)	(4)	07/31/2030	Common shares, $0.01 par value per share	39,771(1)	$0	287,501(5)	D

Explanation of Responses:

1. Represents the vesting of the first tranche of Performance Share Units ("PSUs") granted to the reporting person on August 1, 2023.

2. Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of PSUs previously granted to him.

3. Of the shares owned directly, 87,932 are restricted stock units (including dividend equivalent rights).

4. Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock. The PSUs vest upon the common stock of CNX Resources achieving certain pre-determined prices per share in three tranches over approximately seven years.

5. The remaining PSUs have been further reduced by 56,062 target PSUs, which were not earned in the first tranche, and for which the reporting person has no further vesting opportunity.

Remarks:

	/s/ Sarah Molinero, Attorney-in-fact	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)