CNX Resources (NYSE: CNX) CEO discloses RSU grant and share withholding

Rhea-AI Filing Summary

CNX Resources Corp's President & CEO reported equity transactions in company stock. On 01/03/2026, 22,099 common shares were automatically withheld at a price of $36.46 to cover tax liabilities from vesting restricted stock units. On 01/05/2026, the executive received a grant of 41,506 restricted stock units that vest in equal annual installments over three years. Following these transactions, the executive beneficially owned 222,605 common shares, including 86,856 restricted stock units with dividend equivalent rights, all held directly.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Shepard Alan K

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common shares, $0.01 par value per share	41,506	$0.00	--
Tax Withholding	Common shares, $0.01 par value per share	22,099	$36.46	$806K

Holdings After Transaction: Common shares, $0.01 par value per share — 222,605 shares (Direct)

Footnotes (1)

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, 86,856 are restricted stock units (including dividend equivalent rights).

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shepard Alan K

(Last) (First) (Middle)

1000 HORIZON VUE DRIVE

(Street)

CANONONSBURG PA 15317

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CNX Resources Corp [ CNX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/03/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common shares, $0.01 par value per share	01/03/2026		F		22,099(1)	D	$36.46	181,099	D
Common shares, $0.01 par value per share	01/05/2026		A		41,506(2)	A	$0	222,605(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of restricted stock units previously granted to him.

2. Grant of restricted stock units, which vest annually in equal installments over a period of three years.

3. Of the shares owned, 86,856 are restricted stock units (including dividend equivalent rights).

Remarks:

	/s/ Sarah Molinero, Attorney-in-fact	01/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did CNX (CNX) report on January 3, 2026?

On 01/03/2026, the CNX President & CEO had 22,099 common shares automatically withheld at $36.46 per share to satisfy tax obligations from vesting restricted stock units.

What new equity award did the CNX (CNX) CEO receive in January 2026?

On 01/05/2026, the CNX President & CEO received a grant of 41,506 restricted stock units, which vest annually in equal installments over three years.

How many CNX (CNX) shares does the reporting person own after these transactions?

After the reported transactions, the executive beneficially owned 222,605 CNX common shares directly.

How many restricted stock units does the CNX (CNX) CEO hold after the filing?

Of the shares owned, 86,856 are restricted stock units, including associated dividend equivalent rights.

What is the role of the reporting person at CNX (CNX)?

The reporting person is an officer of CNX Resources Corp, serving as President & CEO.

Is the CNX (CNX) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, not a group.