Salvatori Kurt R. 4
Research Summary
AI-generated summary
Core Natural Resources SVP Kurt R. Salvatori Receives RSU Award
What Happened
- Kurt R. Salvatori, SVP & Chief Administrative Officer of Core Natural Resources (CNR), was granted 4,820 restricted stock units (RSUs) on 2026-02-17 (award reported at $0.00). On 2026-02-18, a total of 1,148 shares (459 and 689) were surrendered/withheld to satisfy tax withholding obligations at $88.96 per share (reported disposals totaling $40,833 and $61,293; $102,126 combined). After these transactions the Form 4 reports 24,585 shares beneficially owned, of which 10,441 are unvested RSUs.
Key Details
- Dates & prices:
- 2026-02-17: Award of 4,820 RSUs (grant; price reported $0.00).
- 2026-02-18: Shares withheld for taxes — 459 shares @ $88.96 ($40,833) and 689 shares @ $88.96 ($61,293).
- Shares owned after transaction: 24,585 total; 10,441 are unvested RSUs (per filing).
- Footnotes of note:
- The RSUs were granted under the Issuer’s Omnibus Performance Incentive Plan and vest in equal annual installments over three years beginning on the first anniversary of the grant (F1).
- The withheld shares represent shares surrendered to satisfy tax withholding on the vesting of RSUs (F2).
- F3 confirms the 24,585 total includes 10,441 unvested RSUs.
- Filing timeliness: Transactions dated Feb 17–18 were reported on the Form 4 filed Feb 19, 2026 — appears to be a timely filing under Form 4 rules.
Context
- These were equity awards (RSUs) and routine tax-withholding dispositions, not open-market sales or purchases. RSUs are a deferred form of compensation that convert to shares as they vest; withholding shares to cover taxes is common and does not necessarily signal buying or selling intent.