CNX · CNX Resources Corp

$35.72 +0.34 (+0.96%) At close · Aug 14

Market Cap

$5.28B

147.94M

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Timothy S. Bedard	Executive Vice President, General Counsel and Corporate Secretary	$375,000	—	$6,592,383	—	$507,000	$21,000	$7,495,383
Nicholas DeIuliis	Former President and Chief Executive Officer	$800,000	—	$3,000,024	—	$2,396,000	$43,913	$7,420,318
Hayley F. Scott	Senior Vice President - Compliance and Reporting	$283,750	—	$6,592,383	—	$207,281	$17,025	$7,100,439
Navneet Behl	Chief Operating Officer	$475,000	—	$2,750,042	—	$656,000	$65,436	$3,946,478
Alan Shepard	CEO	$350,000	—	$2,500,049	—	$515,000	$21,000	$3,386,049
Alan K. Shepard	President and Chief Executive Officer; Former Chief Financial Officer	$350,000	—	$2,500,049	—	$515,000	$21,000	$3,386,049

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President and Chief Executive Officer	$800,000	—	$3,000,017	—	$2,256,000	$64,586	$6,120,603
Navneet Behl	Chief Operating Officer	$473,558	—	$2,750,028	—	$684,000	$35,626	$3,943,212
Alan Shepard	CFO	$349,039	—	$2,500,040	—	$473,000	$20,700	$3,342,779
Alan K. Shepard	Chief Financial Officer	$349,039	—	$2,500,040	—	$473,000	$20,700	$3,342,779
Timothy S. Bedard	Executive Vice President, General Counsel and Corporate Secretary	$375,000	—	$2,000,022	—	$495,000	$20,700	$2,890,722
HayleyF. Scott	Senior Vice President - Compliance and Reporting	$340,000	—	$2,056,045	—	$439,000	$20,400	$2,855,445
Hayley F. Scott	Senior Vice President - Compliance and Reporting	$340,000	—	$2,056,045	—	$439,000	$20,400	$2,855,445

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President and Chief Executive Officer	$800,000	$960,000	$3,000,010	—	—	$45,906	$6,427,883
Navneet Behl	Chief Operating Officer	$373,077	$300,000	$5,494,701	—	—	$20,268	$6,188,046
Alan Shepard	CFO	$299,519	$135,000	$5,594,702	—	—	$17,971	$6,047,192
Alan K. Shepard	Chief Financial Officer	$299,519	$135,000	$5,594,702	—	—	$17,971	$6,047,192
Ravi Srivastava	President – New Technologies	$308,365	$148,500	$4,694,696	—	—	$24,742	$5,176,303
Olayemi Akinkugbe	Chief Excellence Officer	$176,731	—	$1,150,038	—	—	$2,499,698	$3,826,467
Alexander J. Reyes	Executive Vice President, General Counsel, and Corporate Secretary	$340,000	—	$800,023	—	—	$1,576,689	$2,722,038
Hayley F. Scott	Chief Risk Officer	$318,077	$153,000	$600,004	—	—	$19,085	$1,090,166
HayleyF. Scott	Senior Vice President - Compliance and Reporting	$318,077	$153,000	$600,004	—	—	$19,085	$1,090,166

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President and Chief Executive Officer	$800,000	—	$3,500,022	—	$2,208,000	$40,136	$6,548,158
Donald W. Rush	Former Chief Financial Officer	$400,769	—	$2,800,016	—	$360,000	$31,300	$3,592,085
Chad Griffith	Former Chief Operating Officer These values represent the aggregate grant date fair value of PSU, ESG PSU, and RSU awards granted to the named executives in 2022. The values are based on the aggregate grant date fair value of the awards computed in accordance with SEC rules and FASB ASC Topic 718, excluding the effect of estimate forfeitures. The amounts reported in this column reflect the accounting cost for these awards, and do not correspond to the actual economic value that may be received by the named executives. A discussion of the valuation assumptions relating to these PSU, ESG PSU, and RSU awards is provided in Note 15 — Stock-Based Compensation in the Notes to the Audited Consolidated Financial Statements in Item 8 of the 2022 Annual Report. For the 2022 PSUs and ESG PSUs, the value of the awards, as reported in the table, does not change assuming that the highest level of performance conditions will be achieved. Includes cash incentives earned for the applicable year under the CNX STIC program. The amounts for 2021 and 2020 reflect the actuarial increase in the present value of the named executives’ benefits under the SERP and the defined contribution New Restoration Plan through December 31 of the respective year. As it relates to Mr. DeIuliis, the value shown assumes a normal retirement age of 65 for the SERP benefit, despite the fact that Mr. DeIuliis would not be eligible to receive the normal retirement benefit until 2033. If Mr. DeIuliis was to retire earlier, his benefit would be age reduced pursuant to the provisions of the SERP. The amounts shown were determined primarily using the interest rate assumptions and mortality assumptions (the latter for Mr. DeIuliis only) set forth in the financial statements of CNX’s applicable Annual Reports on Form 10-K (Note 14 in the 2022 Annual Report for the 2022 amount). Values may fluctuate significantly from year to year depending on several factors, including age, years of service, average annual earnings and the assumptions used to determine the present value, such as mortality and discount rate.	$316,346	—	$2,500,015	—	—	$406,957	$3,223,318
Olayemi Akinkugbe	Chief Excellence Officer	$349,039	—	$2,500,015	—	$210,000	$18,300	$3,077,354
Alexander J. Reyes	Executive Vice President, General Counsel, and Corporate Secretary	$339,231	—	$800,015	—	$428,400	$18,300	$1,585,946
Alan K. Shepard	Chief Financial Officer	$274,519	—	$750,023	—	$379,500	$16,470	$1,420,512
Alan Shepard	CFO	$274,519	—	$750,023	—	$379,500	$16,470	$1,420,512
Ravi Srivastava	President – New Technologies	$249,080	—	$600,007	—	$345,000	$14,944	$1,209,031

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President and Chief Executive Officer	$830,769	—	$4,500,012	—	$2,352,000	$45,525	$8,572,755
Donald W. Rush	Former Chief Financial Officer	$456,923	—	$2,912,013	—	$608,000	$30,600	$4,007,553
Chad Griffith	Former Chief Operating Officer These values represent the aggregate grant date fair value of PSU, ESG PSU, and RSU awards granted to the named executives in 2022. The values are based on the aggregate grant date fair value of the awards computed in accordance with SEC rules and FASB ASC Topic 718, excluding the effect of estimate forfeitures. The amounts reported in this column reflect the accounting cost for these awards, and do not correspond to the actual economic value that may be received by the named executives. A discussion of the valuation assumptions relating to these PSU, ESG PSU, and RSU awards is provided in Note 15 — Stock-Based Compensation in the Notes to the Audited Consolidated Financial Statements in Item 8 of the 2022 Annual Report. For the 2022 PSUs and ESG PSUs, the value of the awards, as reported in the table, does not change assuming that the highest level of performance conditions will be achieved. Includes cash incentives earned for the applicable year under the CNX STIC program. The amounts for 2021 and 2020 reflect the actuarial increase in the present value of the named executives’ benefits under the SERP and the defined contribution New Restoration Plan through December 31 of the respective year. As it relates to Mr. DeIuliis, the value shown assumes a normal retirement age of 65 for the SERP benefit, despite the fact that Mr. DeIuliis would not be eligible to receive the normal retirement benefit until 2033. If Mr. DeIuliis was to retire earlier, his benefit would be age reduced pursuant to the provisions of the SERP. The amounts shown were determined primarily using the interest rate assumptions and mortality assumptions (the latter for Mr. DeIuliis only) set forth in the financial statements of CNX’s applicable Annual Reports on Form 10-K (Note 14 in the 2022 Annual Report for the 2022 amount). Values may fluctuate significantly from year to year depending on several factors, including age, years of service, average annual earnings and the assumptions used to determine the present value, such as mortality and discount rate.	$362,115	—	$2,080,015	—	$515,000	$17,100	$2,974,230
Olayemi Akinkugbe	Chief Excellence Officer	$308,846	—	$1,560,011	—	$423,000	$17,100	$2,308,957
Alexander J. Reyes	Executive Vice President, General Counsel, and Corporate Secretary	$305,769	—	$520,020	—	$441,000	$17,100	$1,283,889

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President and Chief Executive Officer	$800,000	—	$4,050,004	$450,002	$2,304,000	$39,527	$11,027,059
Donald W. Rush	Former Chief Financial Officer	$440,000	—	$1,694,093	$144,003	$621,000	$30,100	$2,938,797
Chad Griffith	Former Chief Operating Officer These values represent the aggregate grant date fair value of PSU, ESG PSU, and RSU awards granted to the named executives in 2022. The values are based on the aggregate grant date fair value of the awards computed in accordance with SEC rules and FASB ASC Topic 718, excluding the effect of estimate forfeitures. The amounts reported in this column reflect the accounting cost for these awards, and do not correspond to the actual economic value that may be received by the named executives. A discussion of the valuation assumptions relating to these PSU, ESG PSU, and RSU awards is provided in Note 15 — Stock-Based Compensation in the Notes to the Audited Consolidated Financial Statements in Item 8 of the 2022 Annual Report. For the 2022 PSUs and ESG PSUs, the value of the awards, as reported in the table, does not change assuming that the highest level of performance conditions will be achieved. Includes cash incentives earned for the applicable year under the CNX STIC program. The amounts for 2021 and 2020 reflect the actuarial increase in the present value of the named executives’ benefits under the SERP and the defined contribution New Restoration Plan through December 31 of the respective year. As it relates to Mr. DeIuliis, the value shown assumes a normal retirement age of 65 for the SERP benefit, despite the fact that Mr. DeIuliis would not be eligible to receive the normal retirement benefit until 2033. If Mr. DeIuliis was to retire earlier, his benefit would be age reduced pursuant to the provisions of the SERP. The amounts shown were determined primarily using the interest rate assumptions and mortality assumptions (the latter for Mr. DeIuliis only) set forth in the financial statements of CNX’s applicable Annual Reports on Form 10-K (Note 14 in the 2022 Annual Report for the 2022 amount). Values may fluctuate significantly from year to year depending on several factors, including age, years of service, average annual earnings and the assumptions used to determine the present value, such as mortality and discount rate.	$325,000	—	$1,021,585	$86,401	$468,000	$23,100	$1,924,086
Stephanie L. Gill	Former GC	$335,255	—	$283,543	$20,103	$320,000	$503,126	$1,462,027
Olayemi Akinkugbe	Chief Excellence Officer	$250,000	—	$466,126	$40,002	$368,000	$14,692	$1,138,820
Alexander J. Reyes	Executive Vice President, General Counsel, and Corporate Secretary	$52,885	—	$86,642	$8,252	—	$31,202	$184,704

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President & CEO	$800,000	—	$5,901,570	—	$2,208,000	$39,031	$13,741,437
Donald W. Rush	CFO	$439,830	—	$1,978,865	—	$607,200	$30,622	$3,064,032
Andrea Passman	Former SVP	$139,534	—	$1,534,422	—	—	$360,664	$2,041,563
Chad Griffith	COO	$278,557	—	$712,276	—	$448,500	$20,400	$1,459,733
Olayemi Akinkugbe	CXO	$226,584	—	$129,849	—	$345,000	$11,969	$713,402

Fiscal 2018

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	President & CEO	$800,000	—	$7,042,130	—	$2,376,000	$54,378	$10,272,508
Donald W. Rush	CFO	$427,600	—	$1,447,648	—	$733,000	$36,425	$2,644,673

Fiscal 2017

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Nicholas DeIuliis	Pres & CEO	$800,000	—	$6,960,407	—	$1,423,000	$40,983	$10,585,778
Donald W. Rush	CFO	$294,113	$200,000	$616,012	—	$415,000	$32,260	$1,596,014

Executive changes

Person	Role	Change	Effective	Filed
Everett Good	Chief Financial Officer	Appointed	2026-01-01	2026-01-02
Alan Shepard	member of the Board	Appointed	2026-01-01	2026-01-02
Alan Shepard	President and Chief Executive Officer	Appointed	2026-01-01	2026-01-02
Everett Good	Chief Financial Officer	Appointed	2026-01-01	2025-11-05
Alan K. Shepard	member of the Board	Appointed	2026-01-01	2025-09-22
Alan K. Shepard	President and Chief Executive Officer	Appointed	2026-01-01	2025-09-22
Nicholas J. DeIuliis	Chief Executive Officer	Retired	2025-12-31	2025-09-22
Alan Shepard	President	Appointed	2025-06-11	2025-06-12
Timothy S. Bedard	Executive Vice President, General Counsel and Secretary	Appointed	2023-12-22	2023-12-01
Olayemi Akinkugbe	Chief Excellence Officer	Terminated	2023-06-30	2023-05-26
Navneet Behl	Chief Operating Officer	Appointed	2022-11-17	2022-11-21
Alan Shepard	Chief Financial Officer	Appointed	2022-06-01	2022-06-01
Donald W. Rush	Chief Strategy Officer	Appointed	2022-06-01	2022-06-01

Key facts CIK 1070412 CUSIP 12653C108 13F (30d) 359 filings 350 filers Visit website Investor relations