Insider Trading
Filed: 2026-05-06
Key Insights
- Director William N. Thorndike Jr. exercised 83,097 stock options at $13.1857 per share on 05/04/2026, representing a significant in-the-money exercise with current stock trading well above the strike price (~$38.25 based on sale prices).
- Immediately following the option exercise, Thorndike sold 28,800 shares at a weighted average price of $38.2481, suggesting a cashless exercise or partial profit-taking strategy rather than a strong conviction buy signal.
- After the transaction, Thorndike maintains direct beneficial ownership of 426,585 shares plus indirect ownership of 85,000 shares (through third-party account and trust), indicating substantial ongoing stake in CNX Resources despite the recent sale.
- The stock option exercised reflects an anti-dilution adjustment from CNX's 2017 spin-off from CONSOL Energy, and vested on 05/09/2017, suggesting this is a legacy equity award being realized after significant appreciation.