Clarkson J. Palmer 4

What Happened
Clarkson J. Palmer, a director of CNX Resources Corp (CNX), exercised stock options on June 18, 2026 to acquire 22,129 common shares. He paid $13.58 for 12,129 shares (total $164,760) and $15.55 for 10,000 shares (total $155,500), for aggregate cash paid of approximately $320,260. The filing shows corresponding dispositions of the derivative instruments (the exercised options) at $0, which is the standard reporting for option-to-share conversions.

Key Details

• Transaction date: June 18, 2026 (filed June 22, 2026; filing appears timely).
• Shares acquired: 22,129 total (12,129 @ $13.58; 10,000 @ $15.55).
• Cash paid: ~$164,760 and ~$155,500 respectively; total ≈ $320,260.
• Derivative disposition: same dates, shown at $0 to reflect conversion of the options. Transaction code: M (exercise/conversion of derivative).
• Reported holdings (footnotes): of shares owned directly, 5,568 are restricted stock units and 44,998 are deferred stock units. Exact total shares owned after the exercise are not separately listed in the summary data provided.
• Relevant footnotes: anti-dilution adjustment tied to 2017 spin-off (F3); vesting dates noted for awards (F4, F5); UTMA account holdings for a grandchild are disclaimed by the reporting person (F2).

Context

• This was an option exercise (insider exercised rights to buy shares), not an open-market purchase or a sale. No immediate sale of acquired shares is shown in this filing (i.e., not a cashless exercise followed by sale).
• Exercises are often routine (exercising vested options) and do not by themselves indicate the insider’s short-term market view.
• The filing includes standard explanatory footnotes about vesting, anti-dilution adjustments, and custodial holdings.