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|4Feb 3, 4:54 PM ET

DEIULIIS NICHOLAS J 4

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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.