DEIULIIS NICHOLAS J 4
4 · CNX Resources Corp · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
CNX Resources Director Nicholas DeIuliis Receives Awards & Sells Shares
What Happened
Nicholas J. DeIuliis, a director of CNX Resources (CNX), had performance- and time-based equity awards vest and had shares withheld/sold to cover tax obligations. On Jan 30, 2026 he was credited with three awards totaling 112,693 shares (6,239; 4,845; and 101,609 shares) that vested as Performance-Based Restricted Stock Units (RSUs) and Performance Share Units (PSUs). To satisfy tax withholding, 49,350 shares were disposed at $38.80 per share (proceeds $1,914,780) and, on Feb 2, 2026, another 23,831 shares were disposed at $37.36 (proceeds $890,326). Total proceeds from the withheld/sold shares were about $2,805,106.
Key Details
- Transaction dates and prices:
- 2026-01-30: Awards granted/vested — 6,239; 4,845; 101,609 shares (priced $0.00 as awards).
- 2026-01-30: 49,350 shares withheld/disposed at $38.80 (proceeds $1,914,780).
- 2026-02-02: 23,831 shares withheld/disposed at $37.36 (proceeds $890,326).
- Shares awarded total: 112,693 RSU/PSU shares vested.
- Shares withheld/sold total: 73,181 shares; total proceeds ≈ $2.81M.
- Shares owned after transaction: total holdings not specified in the filing; filing notes that none of the shares reported as owned are restricted stock units (see footnote F5).
- Notable footnotes:
- F1–F3: Vesting of performance-based RSUs/PSUs from 2023–2026 incentive programs (for 2025 performance and multi-year LTIP vesting).
- F4: Shares were automatically withheld to satisfy tax liability (tax-withholding disposition).
- F5: Certain RSUs vested upon his retirement as a non-executive employee effective Feb 2, 2026.
- F6: Some shares are held in trusts for the reporting person’s children; the reporting person disclaims beneficial ownership of those trust shares.
- Filing timeliness: The Form 4 was filed Feb 3, 2026 and covers transactions on Jan 30 and Feb 2, 2026. The filing does not indicate a late-reporting flag in the information provided here.
Context
This was primarily vesting of performance-based RSUs/PSUs and shares withheld to satisfy tax obligations — a routine, non-market-driven transaction. The disposals here reflect tax-withholding (similar to a cashless settlement) rather than an open-market sale intended as directional trading. The filing also notes vesting triggered in connection with the reporting person’s retirement effective Feb 2, 2026.
Insider Transaction Report
- Award
Common shares, $0.01 par value per share
[F1]2026-01-30+6,239→ 2,349,983 total - Award
Common shares, $0.01 par value per share
[F2]2026-01-30+4,845→ 2,354,828 total - Award
Common shares, $0.01 par value per share
[F3]2026-01-30+101,609→ 2,456,437 total - Tax Payment
Common shares, $0.01 par value per share
[F4]2026-01-30$38.80/sh−49,350$1,914,780→ 2,407,087 total - Tax Payment
Common shares, $0.01 par value per share
[F4][F5]2026-02-02$37.36/sh−23,831$890,326→ 2,383,256 total
- 135,218(indirect: By Trust)
Common shares, $0.01 par value per share
[F6] - 135,218(indirect: By Trust)
Common shares, $0.01 par value per share
[F6]
Footnotes (6)
- [F1]Represents the vesting, for 2025 performance, of Performance-Based Restricted Stock Units (ESG) previously granted to the reporting person under a 2023-2025 Performance Incentive Program.
- [F2]Represents the vesting, for 2025 performance, of Performance-Based Restricted Stock Units (ESG) previously granted to the reporting person under a 2024-2026 Performance Incentive Program.
- [F3]Represents the vesting of Performance Share Units previously granted to the reporting person under a 2023-2025 Long-Term Incentive Program.
- [F4]Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of restricted stock units previously granted to him.
- [F5]Of the shares owned, none are restricted stock units (or dividend equivalent rights). The reporting person vested in the restricted stock units granted to the reporting person on January 3, 2024 and January 3, 2025 upon his retirement as a non-executive employee of the issuer, effective February 2, 2026
- [F6]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.