CNX Resources Chief Excellence Officer Akinkugbe to depart June 30; receives $340K severance and equity acceleration

CNX Resources Corp

Olayemi Akinkugbe to separate without cause as CXO effective June 30, 2023.
Receives $340,000 lump sum severance plus accelerated vesting of 118,474 RSUs by March 2024.
Unvested PSUs (210,109 at target) and ESG units (23,698) continue to vest subject to performance goals.
Non-compete obligations amended to one year; non-solicit remains; health insurance COBRA paid through June 2024.
Agreement includes mutual non-disparagement and cooperation through Dec 31, 2023.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Olayemi Akinkugbe

Chief Excellence Officer

CNX · CNX Resources Corp

Effective: 2023-06-30
Filed: May 26, 2023, 7:59 PM ET

On May 24, 2023, it was determined that Mr. Olayemi Akinkugbe, Chief Excellence Officer (“CXO”) of CNX Resources Corporation (“CNX” or the “Company”), will separate from service without cause from the Company effective June 30, 2023 (the “Departure Date”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Olayemi Akinkugbe departed as Chief Excellence Officer at CNX Resources Corp.

Action: separated
Role: Chief Excellence Officer

Exact text from the filing

On May 24, 2023, it was determined that Mr. Olayemi Akinkugbe, Chief Excellence Officer (“CXO”) of CNX Resources Corporation (“CNX” or the “Company”), will separate from service without cause from the Company effective June 30, 2023 (the “Departure Date”).

View on SEC.gov

CNX Resources Corp filing history →

Source: SEC EDGAR

accession 0001070412-23-000082

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.