secwatch.observer — SEC 8-K summary
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Issuer:     CNX Resources Corp (CNX)
CIK:        0001070412
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001070412-23-000096
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CNX Resources grants special performance share units to three executives
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- CFO Alan K. Shepard, COO Navneet Behl, and President Ravi Srivastava each received 383,334 PSUs on August 1, 2023.
- PSUs vest based on 90-day VWAP targets: $41.83 by July 2026, $60.24 by July 2028, and $86.75 by July 2030.
- Full payout requires 23% annualized share price appreciation over seven years; awards capped at 100% of target.
- Recipients must hold all shares received until at least July 31, 2030, and are subject to non-compete and forfeiture clauses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000096/0001070412-23-000096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070412/000107041223000096/cnx-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001070412-23-000096

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