SEC Form 4 · accession 0001804674-26-000003
CNX Resources Corp · CNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan K Shepard
Officer — President & CEO · Director
Period of report
Aug 13, 2026
Accepted (ET)
Aug 17, 2026 · 5:47 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001070412
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common shares, $0.01 par value per shareF1 | Aug 13, 2026 | M | 39,771 | $0.00 | A | 299,192 | D | |
| Common shares, $0.01 par value per shareF2,F3 | Aug 13, 2026 | F | 17,297 | $35.38 | D | 281,895 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1,F5,F4 | — | Aug 13, 2026 | M | 39,771 | D | — | Jul 31, 2030 | Common shares, $0.01 par value per share | 39,771 | 287,501 | D |
Explanation of responses
- F1Represents the vesting of the first tranche of Performance Share Units ("PSUs") granted to the reporting person on August 1, 2023.
- F2Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of PSUs previously granted to him.
- F3Of the shares owned directly, 86,856 are restricted stock units (including dividend equivalent rights).
- F4Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock. The PSUs vest upon the common stock of CNX Resources achieving certain pre-determined prices per share in three tranches over approximately seven years.
- F5The remaining PSUs have been further reduced by 56,062 target PSUs, which were not earned in the first tranche, and for which the reporting person has no further vesting opportunity.