Brock James A 4
4 · Core Natural Resources, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Core Natural Resources CEO Brock James Receives Award, Sells Shares
What Happened
Brock James, Executive Chair, CEO and a director of Core Natural Resources (CNR), was granted 21,190 restricted stock units (RSUs) on 2026-02-17 and on 2026-02-18 had 70,805 shares withheld/disposed to satisfy tax liabilities. The withholding occurred in two entries: 66,365 shares at $88.96 each for $5,903,830 and 4,440 shares at $88.96 each for $394,982, for total proceeds of $6,298,812. The RSU grant itself is reported at $0.00 per share (an award).
Key Details
- Transaction dates/prices:
- 2026-02-17: Grant of 21,190 RSUs (code A) reported at $0.00 (award).
- 2026-02-18: Shares withheld to satisfy tax liability (code F): 66,365 shares @ $88.96 = $5,903,830; 4,440 shares @ $88.96 = $394,982.
- Shares owned after transaction: 266,967 total reported; 44,632 of those are unvested RSUs (footnote F3).
- Footnotes:
- F1: RSUs granted under the Omnibus Performance Incentive Plan; vest in equal annual installments over three years beginning on the first anniversary.
- F2: The disposals represent shares withheld to satisfy the reporting person’s tax liability on vested RSUs.
- F3: Ownership breakdown showing unvested RSUs.
- Filing timeliness: Report period 2026-02-17, filing date 2026-02-19 — appears timely under Form 4 rules.
Context
This was primarily an equity award (RSUs) and routine tax-withholding (not an open-market sell). Tax withholding of shares is common when RSUs vest and does not necessarily indicate a change in the insider’s view of the company. The RSUs vest over three years (per F1), so a portion remains unvested and subject to future vesting conditions.
Insider Transaction Report
- Award
Common stock, par value $0.01 per share
[F1]2026-02-17+21,190→ 274,367 total - Tax Payment
Common stock, par value $0.01 per share
[F2]2026-02-18$88.96/sh−66,365$5,903,830→ 271,407 total - Tax Payment
Common stock, par value $0.01 per share
[F2][F3]2026-02-18$88.96/sh−4,440$394,982→ 266,967 total
- 24,440(indirect: By Trust)
Common stock, par value $0.01 per share
- 140,760(indirect: By SLAT-1)
Common stock, par value $0.01 per share
- 117,398(indirect: By GRAT-1)
Common stock, par value $0.01 per share
Footnotes (3)
- [F1]Represents a grant of restricted stock units pursuant to the Issuer's Omnibus Performance Incentive Plan, which vest annually in equal installments over a period of three years, beginning on the first anniversary of the grant date. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F2]Represents shares of common stock withheld to satisfy the Reporting Person's tax liability from the vesting of restricted stock units previously granted to him.
- [F3]Of the 266,967 shares reported, 44,632 are unvested restricted stock units.