CNX director exercises options, sells 28,800 shares
CNX Resources director William N. Thorndike Jr. exercised stock options to acquire 83,097 common shares at $13.1857 per share and sold 28,800 shares in an open-market transaction at a weighted average price of $38.2481.
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Form Type
4
Rhea-AI Filing Summary
CNX Resources director William N. Thorndike Jr. exercised stock options to acquire 83,097 common shares at $13.1857 per share and sold 28,800 shares in an open-market transaction at a weighted average price of $38.2481. After these transactions, he holds 426,585 shares directly, including 2,100 deferred stock units, plus 35,000 shares held by a trust and 50,000 shares through a third-party account, both as indirect interests.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Thorndike William N Jr
Role
Director
Sold
28,800 shs ($1.10M)
Approx. gross sale proceeds
$1.10M
Approx. exercise cost
$1.10M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 83,097 | $0.00 | $0.00 |
| Exercise | Common shares, $0.01 par value per share | 83,097 | $13.1857 | $1.10M |
| Sale | Common shares, $0.01 par value per share | 28,800 | $38.2481 | $1.10M |
| 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 — 426,585 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 (4)
- F1. Of the shares owned directly, 2,100 are deferred stock units.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $37.9900 to $38.4500, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- 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, 2017.
Key Figures
Shares sold: 28,800 shares
Sale price (weighted average): $38.2481 per share
Shares acquired via option exercise: 83,097 shares
+5 more
8 metrics
Shares sold
28,800 shares
Open-market sale of CNX common shares on May 4, 2026
Sale price (weighted average)
$38.2481 per share
Weighted average price for 28,800 CNX shares sold
Shares acquired via option exercise
83,097 shares
Common shares received from exercising stock option on May 4, 2026
Option exercise price
$13.1857 per share
Exercise price of stock option covering 83,097 CNX shares
Direct holdings after transactions
426,585 shares
CNX common shares directly owned after May 4, 2026 transactions
Deferred stock units
2,100 units
Included within directly owned CNX shares
Trust-held indirect shares
35,000 shares
Indirect CNX holdings reported as “By Trust”
Third-party account shares
50,000 shares
Indirect CNX holdings via third-party account with pecuniary interest
Key Terms
deferred stock units, weighted average price, Stock Option (right to buy), anti-dilution adjustment, +1 more
5 terms
deferred stock units financial
"Of the shares owned directly, 2,100 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Stock Option (right to buy) financial
"Stock Option (right to buy)"
anti-dilution adjustment financial
"reflects an exempt anti-dilution adjustment to such award"
pecuniary interest financial
"Pecuniary interest in third party account"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CNX (CNX) director William N. Thorndike Jr report?
He reported exercising stock options for common shares and selling a portion of his holdings. The filing shows an option exercise for 83,097 shares and an open-market sale of 28,800 shares, both dated May 4, 2026, involving CNX Resources common stock.
What do the footnotes reveal about the CNX (CNX) director’s stock options and pricing?
Footnotes state the reported sale price is a weighted average of trades between $37.99 and $38.45. They also note the stock option terms reflect an anti-dilution adjustment from a 2017 spin-off and that the option vested on May 9, 2017 before being exercised.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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