---
schema_version: "secwatch.filing_event.v1"
accession: "0001070412-23-000082"
form_type: "8-K"
ticker: "CNX"
cik: "0001070412"
company_name: "CNX Resources Corp"
filed_at: "2023-05-26T23:59:59+00:00"
generated_at: "2026-06-14T12:31:41.798574+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001070412-23-000082
- form_type: 8-K
- ticker: CNX
- cik: 0001070412
- company_name: CNX Resources Corp
- filed_at: 2023-05-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070412/000107041223000082/0001070412-23-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070412/000107041223000082/cnx-20230526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070412-23-000082
- JSON: https://secwatch.observer/filing/0001070412-23-000082.json
- Plain text: https://secwatch.observer/filing/0001070412-23-000082.txt

## Key facts
- Executive change
  Olayemi Akinkugbe departed as Chief Excellence Officer at CNX Resources Corp.
  - Action: separated
  - Role: Chief Excellence Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1070412/000107041223000082/0001070412-23-000082-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.