CNX Resources director exercises 22,129 stock options
CNX Resources director Clarkson J. Palmer exercised stock options to acquire 22,129 common shares on June 18, 2026.
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Form Type
4
Rhea-AI Filing Summary
CNX Resources director Clarkson J. Palmer exercised stock options to acquire 22,129 common shares on June 18, 2026. He exercised 10,000 options at a conversion price of $15.55 per share and 12,129 options at $13.584 per share. Following these exercises, he holds 261,130 common shares directly. Footnotes note that 5,568 of the directly owned shares are restricted stock units and 44,998 are deferred stock units, and that additional common shares are held in several Uniform Transfers to Minors Act accounts for grandchildren, for which he serves as custodian and disclaims beneficial ownership.
Insider Trade Summary
22,129 shares exercised/converted
Exercise
9 txns
Insider
Clarkson J. Palmer
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 12,129 | $0.00 | $0.00 |
| Exercise | Stock Option (right to buy) | 10,000 | $0.00 | $0.00 |
| Exercise | Common shares, $0.01 par value per share | 12,129 | $13.584 | $165K |
| Exercise | Common shares, $0.01 par value per share | 10,000 | $15.55 | $156K |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common shares, $0.01 par value per share — 271,130 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 (5)
- F1. Of the shares owned directly, 5,568 are restricted stock units and 44,998 are deferred stock units.
- F2. Shares held in Uniform Transfers to Minors Act account established for a grandchild, 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.
- F3. This stock option, including share amount and exercise price, reflects an exempt anti-dilution adjustment to such award in connection with the 2017 spin-off of the Issuer from CONSOL Energy Inc.
- F4. This stock option vested on May 9, 2018.
- F5. This stock option vested on May 9, 2019.
Key Figures
Options exercised: 22,129 shares
Option strike price 1: $15.55 per share
Option strike price 2: $13.584 per share
+5 more
8 metrics
Options exercised
22,129 shares
Aggregate exerciseShares on June 18, 2026
Option strike price 1
$15.55 per share
Conversion price for 10,000-share option
Option strike price 2
$13.584 per share
Conversion price for 12,129-share option
Direct common shares after transaction
261,130 shares
Total shares following transaction, direct ownership
Restricted stock units included
5,568 units
Part of directly owned shares
Deferred stock units included
44,998 units
Part of directly owned shares
UTMA Account #5 holding
200 shares
Indirect ownership as custodian, beneficial ownership disclaimed
UTMA Account #1 holding
450 shares
Indirect ownership as custodian, beneficial ownership disclaimed
Key Terms
restricted stock units, deferred stock units, Uniform Transfers to Minors Act, stock option, +1 more
5 terms
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.
Uniform Transfers to Minors Act financial
"Shares held in Uniform Transfers to Minors Act account established for a grandchild, for which the reporting person serves as custodian."
stock option financial
"This stock option vested on May 9, 2018."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
anti-dilution adjustment financial
"This stock option, including share amount and exercise price, reflects an exempt anti-dilution adjustment to such award in connection with the 2017 spin-off."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did CNX director Clarkson J. Palmer report?
Clarkson J. Palmer reported exercising stock options to acquire 22,129 CNX Resources common shares. The Form 4 shows two option exercises on June 18, 2026, increasing his direct share ownership while eliminating the remaining balance of those specific option grants.
What does the Form 4 say about remaining CNX stock options for Clarkson J. Palmer?
The Form 4 shows the exercised stock option positions now have zero remaining shares following the June 18, 2026 transactions. The derivative summary section is empty, indicating these particular option awards were fully exercised and no balance from those grants remains outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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