CNX director gifts 528K shares to family trust
CNX director Nicholas J. Deiuliis reported a large bona fide gift of CNX shares to a family trust while retaining a substantial direct and indirect position.
Rhea-AI Filing Summary
CNX Resources Corp (CNX) director Nicholas J. Deiuliis reported intra-family trust-related movements in CNX common shares on September 2, 2026. He made a bona fide gift of 528,000 directly held shares at no price, after which he held 1,863,608 shares directly, including 5,568 restricted stock units and 2,784 deferred stock units. A trust identified as Trust #3 now holds 528,000 shares, and Deiuliis disclaims beneficial ownership of shares held by that and other family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,056,000 shares gifted
Gift
4 txns
Insider
DEIULIIS NICHOLAS J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common shares, $0.01 par value per share F1 | 528,000 | $0.00 | $0.00 |
| Gift | Common shares, $0.01 par value per share F2 | 528,000 | $0.00 | $0.00 |
| holding | Common shares, $0.01 par value per share F3 | -- | -- | -- |
| holding | Common shares, $0.01 par value per share F3 | -- | -- | -- |
Holdings After Transaction:
Common shares, $0.01 par value per share — 1,863,608 shares (Direct);
Common shares, $0.01 par value per share — 528,000 shares (Indirect, By Trust #3);
Common shares, $0.01 par value per share — 135,218 shares (Indirect, By Trust #1);
Common shares, $0.01 par value per share — 135,218 shares (Indirect, By Trust #2)
Footnotes (3)
- F1. Of the shares owned directly, 5,568 are restricted stock units and 2,784 are deferred stock units.
- F2. These shares are held a trust established for the benefit of the reporting person's descendants. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
- F3. These shares are held in trusts established for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
Key Figures
Shares gifted: 528,000 shares
Total gifted shares (summary): 1,056,000 shares
Direct holdings after transaction: 1,863,608 shares
+5 more
8 metrics
Shares gifted
528,000 shares
Bona fide gift of CNX common shares on September 2, 2026
Total gifted shares (summary)
1,056,000 shares
Aggregate of gift transfers reported with code G in this Form 4
Direct holdings after transaction
1,863,608 shares
Direct CNX common share position following the September 2, 2026 gift
RSUs included in direct holdings
5,568 restricted stock units
Portion of directly owned CNX shares that are RSUs
Deferred stock units included in direct holdings
2,784 deferred stock units
Portion of directly owned CNX shares that are deferred stock units
Trust #3 holdings
528,000 shares
CNX shares held indirectly by Trust #3 after the gift
Trust #1 holdings
135,218 shares
CNX shares held indirectly by Trust #1
Trust #2 holdings
135,218 shares
CNX shares held indirectly by Trust #2
Key Terms
bona fide gift, restricted stock units, deferred stock units, beneficial ownership, +1 more
5 terms
bona fide gift regulatory
"The Form 4 describes the transaction as a bona fide gift of shares"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
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.
deferred stock units financial
"and 2,784 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.
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities"
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.
trust financial
"These shares are held in trusts established for the benefit of the reporting person's children"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What insider transaction did CNX director Nicholas J. Deiuliis report on this Form 4 for CNX?
He reported a bona fide gift of 528,000 CNX common shares on September 2, 2026, transferring them from his direct holdings to a family trust (Trust #3) while retaining a substantial direct and indirect position.
What is the role of Trust #3 in the CNX (CNX) Form 4 filing?
Trust #3 is a trust established for the benefit of the reporting person's descendants and now holds 528,000 CNX shares. The reporting person disclaims beneficial ownership of these securities as stated in the footnote.
Was the CNX Form 4 transaction by Nicholas J. Deiuliis made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that the Rule 10b5-1 checkbox is not affirmed (unchecked), and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
