CNX Resources Corporation has approved new compensation arrangements for incoming President and CEO Alan Shepard and Chief Financial Officer Everett Good, effective January 1, 2026. Everett Good will receive a base salary of $310,000 per year, eligibility for an annual short-term incentive award targeting 60% of his salary, and participation in the company’s long-term equity incentive program with an annual grant value of $1.7 million. He will also receive a special grant of 191,667 performance share units, with vesting tied to absolute stock price performance through 2030. In the event of certain terminations, including those related to a change in control, Good’s severance package includes 1.5 times his base salary plus short-term incentive, pro-rated incentive payments, 18 months of health coverage, cash in lieu of retirement contributions, outplacement assistance, and accelerated equity vesting. Alan Shepard’s revised agreement provides for severance of 2.5 times his base salary and short-term incentive, pro-rated incentive payments, 30 months of health coverage, additional pension and 401(k) credits, outplacement assistance, and accelerated equity vesting upon qualifying terminations, including change in control events. Both agreements include a cutback on excess parachute payments and require a release of claims for benefits.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CNX Resources Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001070412-26-000004), on January 02, 2026, and is solely responsible for the information contained therein.
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