CNX Resources Corp (CNX) — Insider Trading

AI-Powered SEC Filing Analysis

Latest Insider Trading Filed: 2026-05-11

Key Insights

Director William N. Thorndike Jr. acquired 8,770 common shares at $0 price on 05/07/2026, representing a compensation or equity grant rather than open market purchase, suggesting routine equity compensation to board members.
Thorndike's total beneficial ownership stands at 435,355 shares directly owned (including 5,302 deferred stock units) plus 85,000 shares indirectly owned through third-party accounts and trusts, indicating substantial long-term alignment with company.
The transaction involves no derivative securities and represents a straightforward equity grant with no expiration or exercise provisions, typical of director compensation arrangements that carry no inherent selling pressure.

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Earlier Insider Trading filings

Filed: 2026-05-11

Director Ian R. McGuire acquired 9,466 shares on 05/07/2026 at $0 price, likely representing compensation (with 9,399 being deferred stock units), indicating ongoing director compensation through equity grants.
McGuire disposed of 67,459 shares on 05/08/2026 and simultaneously acquired the same amount indirectly through a trust, suggesting a restructuring of ownership form rather than a net sale, which minimizes negative insider selling signals.
Total beneficial ownership increased from 93,127 to 160,586 shares (72% increase) following these transactions, demonstrating McGuire's substantial stake alignment with shareholder interests as a director.

Filed: 2026-05-11

Director Bernard Lanigan Jr. acquired 5,568 restricted stock units on 05/07/2026 at $0 price, indicating a vesting event rather than an open-market purchase, which is routine executive compensation activity.
Lanigan's total beneficial ownership across direct and indirect holdings is approximately 1.26 million shares, demonstrating substantial long-term alignment with CNX Resources as a significant shareholder and board member.
The transaction reflects standard equity compensation rather than meaningful insider buying or selling, providing limited signal about management's confidence in near-term stock performance or company direction.
Multiple indirect holdings through various LLCs and trusts suggest sophisticated estate and investment planning by Lanigan, though he disclaims beneficial ownership of certain entities, limiting inference about concentrated positions.

Filed: 2026-05-11

Director Maureen Lally-Green acquired 9,048 common shares on 05/07/2026 at $0 price, indicating a grant or equity compensation rather than a market purchase, which is typical for director compensation.
Following the transaction, Lally-Green beneficially owns 178,625 total shares, with 5,568 as restricted stock units and 11,341 as deferred stock units, showing meaningful equity stake alignment with shareholders.
The transaction was executed on 05/07/2026 but filed on 05/11/2026, representing standard four-day reporting delay within SEC compliance requirements for Form 4 filings.

Filed: 2026-05-11

Director Nicholas J. Deiuliis acquired 8,352 shares at $0 price on 05/07/2026, indicating a stock award or equity compensation grant rather than open market purchase, which is typical for director compensation.
Total beneficial ownership increased to approximately 2.66 million shares when combining direct holdings (2,391,608 shares including 5,568 RSUs and 2,784 DSUs) and indirect trust holdings (270,436 shares across two trusts), demonstrating significant alignment with shareholder interests.
The filing shows no derivative securities transactions, and the insider disclaims beneficial ownership of trust-held shares despite reporting them, suggesting conservative disclosure practices and proper governance.
No open market selling activity is reported, which could be viewed as a neutral signal - neither indicating strong insider confidence through buying nor signaling insider concern through selling.

Filed: 2026-05-11

Director Clarkson J. Palmer acquired 5,568 restricted stock units (RSUs) on 05/07/2026 at $0 price, indicating a compensatory grant rather than open market purchase, which is typical for board compensation.
Palmer's direct beneficial ownership increased to 250,001 shares following the transaction, with footnote 2 revealing the composition: 5,568 RSUs and 44,998 deferred stock units, demonstrating significant equity stake aligned with shareholder interests.
Palmer transferred 1,000 shares to an indirect holding on the same date while establishing five UTMA custodial accounts for grandchildren (200 shares each in four accounts, 200 in the fifth), suggesting estate planning and long-term family wealth transfer strategy.
The transaction involved no cash consideration ($0 price) for most acquisitions, consistent with equity compensation practices for directors, with no evidence of insider selling which could signal confidence in the company.

Filed: 2026-05-11

Director Robert Agbede acquired 5,568 restricted stock units (RSUs) on 05/07/2026 at $0 per share, representing a standard equity compensation grant rather than open market purchase activity.
Post-transaction beneficial ownership stands at 44,205 total shares held directly, indicating meaningful insider stake alignment with shareholder interests.
The acquisition structure through RSUs with zero exercise price is typical director/executive compensation and provides no signal regarding insider confidence in near-term stock direction or valuation.
Filing by attorney-in-fact Sarah Molinero on behalf of the reporting person is routine administrative processing with no unusual circumstances indicated.

Filed: 2026-05-06

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.

Filed: 2026-03-25

Maureen Lally-Green, a director of CNX Resources Corp, exercised 29,915 stock options and immediately sold 23,631 common shares on March 23, 2026.
The sale of shares was executed at a weighted average price of $39.5143, with some shares sold at prices ranging from $39.00 to $39.98.
Following the transaction, Lally-Green now directly owns 169,577 common shares, including 6,762 restricted stock units and 11,031 deferred stock units.

Filed: 2026-02-23

Bernard Lanigan Jr., a director of CNX Resources Corp, exercised 46,119 stock options and immediately sold the same number of shares at an average price of $40.60, indicating potential portfolio rebalancing.
Lanigan also holds significant indirect ownership stakes in CNX through various investment vehicles, suggesting he has a substantial economic interest in the company.
The transaction appears to be a routine exercise and sale of stock options, and not indicative of any major changes in Lanigan's or the company's outlook.

Filed: 2026-02-03

The reporting person, Everett W. Good, acquired a total of 2,306 common shares of CNX Resources Corp (CNX) through vesting of Performance-Based Restricted Stock Units and Performance Share Units, indicating continued management commitment to the company.
The reporting person also disposed of 920 common shares through automatic withholding to satisfy tax liabilities, suggesting a balanced approach to managing their equity position.
The overall increase in the reporting person's beneficial ownership, from 41,654 shares to 42,912 shares, suggests a positive long-term outlook on the company's performance.

Filed: 2026-02-03

The reporting person, Nicholas J. Deiuliis, acquired a significant number of common shares in CNX Resources Corp (CNX) through vesting of performance-based restricted stock units and performance share units, indicating a strong alignment with the company's long-term success.
The reporting person also disposed of a portion of his shares to cover tax liabilities, suggesting a prudent approach to managing his equity position.
The reporting person holds a substantial number of shares, both directly and indirectly through trusts for his children, demonstrating a substantial ownership interest in the company.

Other reports for CNX Resources Corp

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Important Information

AI-generated analysis is for informational purposes only. Always read original SEC filings and consult with qualified professionals before making investment decisions.