CONTINENTAL GENERAL INSURANCE CO 4

What Happened

• Michael Gorzynski, a director of Alpha Metallurgical Resources, was granted a derivative award (stock option) for 3,126 shares on May 6, 2026. The grant is reported at a per‑share value of $111.02, totaling $347,049. This was an award/acquisition (derivative) rather than a market purchase or sale.

Key Details

• Transaction date and terms: 2026-05-06; 3,126 shares @ $111.02 each; reported value $347,049. (Derivative award)
• Vesting: The grant is a stock option that "will vest in full on May 5, 2027" (Footnote F6).
• Beneficial ownership after transaction: The filing does not list exact post‑transaction share totals for Mr. Gorzynski individually; the reporting persons collectively are disclosed as beneficially owning >10% of the company (see footnotes).
• Filing timeliness: Form 4 filed 2026-05-08 for a 2026-05-06 transaction — appears to be filed within the standard two business‑day window.
• Notable footnotes: The Form 4 is filed jointly by multiple related entities and Mr. Gorzynski (F1–F5). The award is director compensation (F6). Several related entities (insurance and holding companies, and an investment manager) are involved and disclaimers note ownership is reported to the extent of pecuniary interest.

Context

• This was a stock‑option grant (derivative award) for director service, not an exercise or sale, so no shares were immediately sold or purchased in the open market. Because Mr. Gorzynski and affiliated entities are part of a group that beneficially owns more than 10% of AMR, the filing reflects both director compensation and holdings tied to related entities rather than only a standalone executive trade.