Bedard Timothy Scott 4

What Happened

• Timothy Scott Bedard, EVP and General Counsel of CNX Resources Corp (CNX), had 3,230 performance-based restricted stock units (RSUs) vest on 2026-01-30 for 2025 performance. Those units were recorded as an award (code A).
• To cover the tax liability from the vesting, 1,405 shares were automatically withheld (code F) at an implied value of $38.80 per share, totaling about $54,514. Net of withholding, Bedard’s position increased by 1,825 shares.

Key Details

• Transaction date: January 30, 2026. Form 4 filed: February 3, 2026 (filed within the typical two-business-day window).
• Award: 3,230 RSUs granted/vested (no cash purchase price).
• Tax withholding: 1,405 shares withheld at $38.80/share (≈ $54,514) to satisfy tax obligations.
• Net change: +1,825 shares added to holdings after withholding.
• Holdings note: Of the reported shares owned, 70,463 are restricted stock units (including dividend equivalent rights) per the filing (footnote F3).
• Footnotes: F1 = vesting of 2025 performance-based RSUs under a 2024–2026 Performance Incentive Program; F2 = automatic share withholding for taxes; F3 = 70,463 RSUs included in holdings.

Context

• This was a routine vesting of performance-based RSUs, not an open-market purchase or sale. The reported disposition (F) was tax withholding to cover tax liability on vested awards, a common administrative step that does not necessarily indicate a change in insider sentiment.
• No option exercise or open-market sale was reported; the transaction simply reflects compensation vesting and related withholding.