CNX director granted 5,568 restricted shares
LANIGAN BERNARD JR reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
LANIGAN BERNARD JR reported acquisition or exercise transactions in this Form 4 filing.
CNX Resources Corp director Bernard Lanigan Jr. reported a compensation-related award of 5,568 common shares in the form of restricted stock units at a stated price of $0.00 per share. After this grant, he directly owns 182,748 common shares, including the 5,568 restricted stock units.
Lanigan is also associated with several entities that hold CNX shares indirectly, such as Conifer Partners II, III and IV, Lanigan Family Holdings, Teton Pines Capital, and a charitable remainder trust for family members, with varying ownership interests and, in some cases, explicit disclaimers of beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,568 shares
Grant/Award
7 txns
Insider
LANIGAN BERNARD JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common shares, $0.01 par value per share | 5,568 | $0.00 | $0.00 |
| 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 | -- | -- | -- |
| holding | Common shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common shares, $0.01 par value per share — 182,748 shares (Direct);
Common shares, $0.01 par value per share — 401,820 shares (Indirect, By Conifer Partners IV, LLC);
Common shares, $0.01 par value per share — 30,600 shares (Indirect, By Lanigan Family Holdings, LLC);
Common shares, $0.01 par value per share — 669,806 shares (Indirect, By Conifer Partners III, LLC);
Common shares, $0.01 par value per share — 82,600 shares (Indirect, By Conifer Partners II, LLC);
Common shares, $0.01 par value per share — 58,845 shares (Indirect, By Teton Pines Capital, LLC);
Common shares, $0.01 par value per share — 14,376 shares (Indirect, By Sibling Trust)
Footnotes (7)
- F1. Of the shares owned directly, 5,568 are restricted stock units.
- F2. Shares held in Conifer Partners IV, LLC of which Mr. Lanigan is part owner of the managing member.
- F3. Shares held in Lanigan Family Holdings, LLC (f/k/a Lanigan Family Limited Partnership), of which Mr. Lanigan is a member.
- F4. Shares held in Conifer Partners III, LLC, of which Mr. Lanigan is part owner of the managing member.
- F5. Shares held in Conifer Partners II, LLC, of which Mr. Lanigan is part owner of the managing member.
- F6. Shares held in Teton Pines Capital, LLC, of which Mr. Lanigan controls the managing member. Mr. Lanigan disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
- F7. Shares held in a charitable remainder trust for the benefit of Mr. Lanigan's brother and sister-in-law (the "Sibling Trust"). Mr. Lanigan is the co-trustee of the Sibling Trust. Mr. Lanigan disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose.
Key Figures
RSU grant: 5,568 shares
Grant price: $0.00 per share
Direct holdings after grant: 182,748 shares
+4 more
7 metrics
RSU grant
5,568 shares
Restricted stock units awarded at $0.00 per share
Grant price
$0.00 per share
Stated price for 5,568-share grant
Direct holdings after grant
182,748 shares
Common shares directly owned after transaction
Conifer Partners III holdings
669,806 shares
CNX shares held indirectly via Conifer Partners III, LLC
Conifer Partners IV holdings
401,820 shares
CNX shares held indirectly via Conifer Partners IV, LLC
Teton Pines Capital holdings
58,845 shares
CNX shares held via Teton Pines Capital, LLC with ownership disclaimed
Sibling Trust holdings
14,376 shares
CNX shares held in Sibling Trust with beneficial ownership disclaimed
Key Terms
restricted stock units, charitable remainder trust, Section 16, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Of the shares owned directly, 5,568 are restricted 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.
charitable remainder trust financial
"Shares held in a charitable remainder trust for the benefit of Mr. Lanigan's brother and sister-in-law"
Section 16 regulatory
"shall not be deemed an admission that he is the beneficial owner of such securities for Section 16 or any other purpose."
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.
beneficial ownership financial
"Mr. Lanigan disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did CNX director Bernard Lanigan Jr. report in this Form 4 for CNX?
Bernard Lanigan Jr. reported receiving 5,568 CNX common shares as a grant or award at $0.00 per share. This is a compensation-related restricted stock unit grant, not an open-market purchase or sale of CNX stock.
What indirect CNX holdings are associated with Bernard Lanigan Jr. in this filing?
The filing lists indirect CNX holdings through entities including Conifer Partners II, III, IV LLC, Lanigan Family Holdings LLC, Teton Pines Capital LLC, and a Sibling Trust, with Lanigan having varying ownership or trustee roles in each entity.
What are restricted stock units in the context of the CNX Form 4 filing?
Restricted stock units are share-based compensation granted to an insider, typically subject to vesting conditions. Here, 5,568 CNX restricted stock units were awarded to Bernard Lanigan Jr., counted within his direct holdings once granted as reported in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
