Shepard Alan K 4

What Happened Shepard Alan K, President & CEO and a director of CNX Resources Corp (CNX), received the vesting of performance-based restricted stock units (RSUs) and performance share units on January 30, 2026. Three grants vested totaling 65,153 shares (3,536 + 4,038 + 57,579) at $0.00 acquisition price (awards). To cover the tax liability from those vested awards, 28,337 shares were automatically withheld (disposed) at $38.80 per share, generating proceeds of $1,099,476.

Key Details

• Transaction date: 2026-01-30; Form 4 filed 2026-02-03 (timely, within two business days).
• Awards/Grants: 65,153 shares vested (codes A); acquisition price $0.00 (awarded).
• Tax withholding: 28,337 shares withheld at $38.80 (code F) for ~$1,099,476 to satisfy tax obligations.
• Shares owned after transaction: filing notes 86,856 of the shares owned are restricted stock units (including dividend equivalent rights); total share ownership not fully specified in the filing.
• Footnotes: Vesting relates to 2023–2025 and 2024–2026 Performance Incentive Programs (performance-based RSUs and performance share units). Withholding was automatic to satisfy tax liability.

Context This filing reflects the routine vesting of performance-based awards and the customary automatic withholding of shares to cover the executive’s tax bill—not an open-market sale or a purchase signaling a change in ownership intent. For retail investors, award vesting is common compensation; the withheld shares are a neutral administrative action rather than a discretionary sale.