secwatch.observer — SEC 8-K summary
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Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2023-05-26T23:59:59+00:00
Accession:  0001070412-23-000082
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000082/0001070412-23-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000082/cnx-20230526.htm
  HTML page:      https://secwatch.observer/filing/0001070412-23-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer