CNX Resources Corp (CNX) COO discloses share withholding and RSU award
Rhea-AI Filing Summary
CNX Resources Corp Chief Operating Officer Navneet Behl reported equity transactions in company common shares. On 01/03/2026, 22,987 common shares were automatically withheld at a price of $36.46 to cover taxes arising from the vesting of previously granted restricted stock units. On 01/05/2026, he received a grant of 38,047 restricted stock units, which vest annually in equal installments over three years. Following these transactions, he beneficially owned 170,290 common shares, including 87,932 restricted stock units (with dividend equivalent rights), all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares, $0.01 par value per share | 38,047 | $0.00 | -- |
| Tax Withholding | Common shares, $0.01 par value per share | 22,987 | $36.46 | $838K |
Footnotes (1)
- Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of restricted stock units previously granted to him. Grant of restricted stock units, which vest annually in equal installments over a period of three years. Of the shares owned, 87,932 are restricted stock units (including dividend equivalent rights).
FAQ
What insider transaction did CNX (CNX) report for its COO?
CNX Resources Corp reported that Chief Operating Officer Navneet Behl had shares withheld to cover taxes from vested restricted stock units and received a new restricted stock unit grant.
How many of the COO’s CNX holdings are restricted stock units?
Of the total shares owned, 87,932 are restricted stock units, including dividend equivalent rights.
Were the CNX insider transactions part of a routine equity compensation process?
The filing explains that the share withholding was to cover tax liabilities from vesting restricted stock units, and the additional units were a new restricted stock unit grant, both typical elements of equity compensation.