CNX director receives 8,770-share stock award

CNX Resources director William N. Thorndike Jr. reported an equity compensation grant of 8,770 common shares at $0.00 per share, categorized as a grant, award, or other acquisition.

Rhea-AI Filing Summary

CNX Resources director William N. Thorndike Jr. reported an equity compensation grant of 8,770 common shares at $0.00 per share, categorized as a grant, award, or other acquisition. Following this award, he directly holds 435,355 common shares, of which 5,302 are deferred stock units.

The filing also lists indirect holdings of 35,000 shares held by a trust and 50,000 shares tied to a pecuniary interest in a third-party account. These entries reflect indirect ownership positions rather than new open‑market purchases or sales.

Insights

Equity compensation analyst

Director receives routine stock grant, enlarging direct CNX equity stake.

The filing shows CNX Resources director William N. Thorndike Jr. received a grant of 8,770 common shares at $0.00 per share. This is coded as a grant, award, or other acquisition, indicating compensation rather than an open-market trade.

After the grant, he directly holds 435,355 shares, including 5,302 deferred stock units, and also reports indirect interests in 35,000 trust-held shares and 50,000 shares in a third-party account. With no reported sales or option exercises, the activity appears as routine equity-based compensation, carrying limited directional signal for investors.

Insider Trade Summary

Grant/Award: 8,770 shares

Grant/Award 3 txns

Insider Thorndike William N Jr

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common shares, $0.01 par value per share	8,770	$0.00	$0.00
holding	Common shares, $0.01 par value per share	--	--	--
holding	Common shares, $0.01 par value per share	--	--	--

Holdings After Transaction: Common shares, $0.01 par value per share — 435,355 shares (Direct); Common shares, $0.01 par value per share — 50,000 shares (Indirect, Pecuniary interest in third party account); Common shares, $0.01 par value per share — 35,000 shares (Indirect, By Trust)

Footnotes (1)

1. F1. Of the shares owned directly, 5,302 are deferred stock units.

Key Figures

Share grant: 8,770 shares Direct holdings after grant: 435,355 shares Deferred stock units: 5,302 units +2 more

5 metrics

Share grant 8,770 shares Common shares granted at $0.00 per share

Direct holdings after grant 435,355 shares Common shares directly owned following the award

Deferred stock units 5,302 units Portion of directly owned shares credited as deferred stock units

Trust-held shares 35,000 shares Indirect ownership by trust

Third-party account interest 50,000 shares Indirect pecuniary interest in third-party account

Key Terms

deferred stock units, pecuniary interest, indirect ownership, grant, award, or other acquisition

4 terms

deferred stock units financial

"Of the shares owned directly, 5,302 are deferred stock units."

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

pecuniary interest financial

"Pecuniary interest in third party account"

indirect ownership financial

"ownership_type": "indirect""

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CNX director William N. Thorndike Jr. report on this Form 4 for CNX?

He reported receiving a grant of 8,770 CNX common shares at $0.00 per share. The event is classified as a grant, award, or other acquisition, reflecting equity compensation rather than an open-market stock purchase.

How many CNX shares does William N. Thorndike Jr. hold directly after this Form 4?

After the grant, he directly holds 435,355 CNX common shares. A footnote specifies that 5,302 of these shares are held as deferred stock units, which are a form of stock-based compensation credited for future settlement.

Were there any CNX insider stock sales or open-market purchases in this filing for CNX?

No open-market buys or sells are reported. The main reported event is a grant of 8,770 common shares at zero price, along with updates to indirect ownership positions, which reflect holdings rather than trading activity.

What indirect CNX share holdings are disclosed for William N. Thorndike Jr.?

The Form 4 lists 35,000 CNX shares held indirectly by a trust and 50,000 shares tied to a pecuniary interest in a third-party account. Both are categorized as indirect ownership, separate from his directly owned shares.

How is the 8,770-share CNX award to William N. Thorndike Jr. characterized?

The 8,770-share position is coded with transaction code A, described as a grant, award, or other acquisition. It carries a reported price of $0.00 per share, consistent with non-cash equity compensation rather than a cash-funded stock purchase.

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

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Accepted by SEC EDGAR 05/11/2026 - 04:31 PM EDT 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^*

Thorndike William N Jr

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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	05/07/2026		A		8,770	A	$0	435,355(1)	D
Common shares, $0.01 par value per share								50,000	I	Pecuniary interest in third party account
Common shares, $0.01 par value per share								35,000	I	By Trust

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

Explanation of Responses:

1. Of the shares owned directly, 5,302 are deferred stock units.

Remarks:

	/s/ William N. Thorndike Jr., by Sarah Molinero, his attorney-in-fact	05/11/2026
	** 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)