CNX director gifts shares, receives stock award
CNX Resources director Clarkson J. Palmer reported several non-market transactions in common shares.
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Form Type
4
Rhea-AI Filing Summary
CNX Resources director Clarkson J. Palmer reported several non-market transactions in common shares. On May 7, 2026, he made bona fide gifts totaling 2,000 shares, including transfers to multiple Uniform Transfers to Minors Act (UTMA) accounts established for grandchildren, where he serves as custodian and disclaims beneficial ownership. The same day, he acquired 5,568 shares through a stock-based grant or award, increasing his directly owned position to 250,001 common shares, which includes restricted stock units and deferred stock units. These transactions reflect routine gifting and equity compensation activity rather than open-market buying or selling.
Insider Trade Summary
2,000 shares gifted
Gift
7 txns
Insider
Clarkson J. Palmer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares, $0.01 par value per share | 5,568 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 1,000 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 200 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 200 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 200 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 200 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share | 200 | $0.00 | $0.00 |
Holdings After Transaction:
Common shares, $0.01 par value per share — 249,001 shares (Direct);
Common shares, $0.01 par value per share — 450 shares (Indirect, UTMA Account #1);
Common shares, $0.01 par value per share — 450 shares (Indirect, UTMA Account #2);
Common shares, $0.01 par value per share — 450 shares (Indirect, UTMA Account #3);
Common shares, $0.01 par value per share — 450 shares (Indirect, UTMA Account #4);
Common shares, $0.01 par value per share — 200 shares (Indirect, UTMA Account #5)
Footnotes (2)
- F1. Exempt transfer under the Uniform Transfers to Minors Act to account established for a grandchild (such accounts, "UTMA Account #1", "UTMA Account #2", "UTMA Account #3", "UTMA Account #4", and "UTMA Account #5"), for which the reporting person serves as custodian. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or for any other purpose.
- F2. Of the shares owned directly, 5,568 are restricted stock units and 44,998 are deferred stock units.
Key Figures
Total shares gifted: 2,000 shares
UTMA account gifts: 5 × 200 shares
Direct gift: 1,000 shares
+4 more
7 metrics
Total shares gifted
2,000 shares
Bona fide gifts of CNX common shares on May 7, 2026
UTMA account gifts
5 × 200 shares
Gifts to five UTMA accounts for grandchildren
Direct gift
1,000 shares
Gift from directly owned CNX shares
Stock award
5,568 shares
Grant, award, or other acquisition of CNX common shares
Direct holdings after transactions
250,001 shares
Common shares owned directly following May 7, 2026 activity
Restricted stock units
5,568 units
Included in direct CNX holdings
Deferred stock units
44,998 units
Part of directly owned CNX equity awards
Key Terms
bona fide gift, Uniform Transfers to Minors Act, UTMA Account, restricted stock units, +2 more
6 terms
bona fide gift financial
"Each transaction with code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Uniform Transfers to Minors Act financial
"Exempt transfer under the Uniform Transfers to Minors Act to account established for a grandchild."
UTMA Account financial
"such accounts, "UTMA Account #1", "UTMA Account #2", "UTMA Account #3", "UTMA Account #4", and "UTMA Account #5""
restricted stock units financial
"Of the shares owned directly, 5,568 are restricted stock units and 44,998 are deferred 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.
deferred stock units financial
"Of the shares owned directly, 5,568 are restricted stock units and 44,998 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.
Section 16 regulatory
"this report should not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Clarkson J. Palmer report for CNX on May 7, 2026?
Clarkson J. Palmer reported a mix of gifts and awards in CNX common shares. He gifted 2,000 shares and received 5,568 shares as a stock-based grant, with no open-market purchases or sales disclosed.
What stock award did Clarkson J. Palmer receive from CNX Resources?
Palmer received 5,568 CNX common shares as a grant or award. A footnote explains that 5,568 of his directly owned shares are restricted stock units, with an additional 44,998 shares held as deferred stock units for equity compensation.
What is the significance of the UTMA accounts in Clarkson J. Palmer’s CNX filings?
The UTMA accounts hold CNX shares as exempt transfers for grandchildren. Palmer serves as custodian for UTMA Account #1 through #5 and disclaims beneficial ownership of these shares, meaning they are reported but not treated as his personal economic holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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