The following tables set forth information with
respect to the beneficial ownership of the Corporation’s common stock by:
The table also presents the ownership of common
units of CNX Midstream Partners LP (“CNXM”) held by each director and each nominee for director, each named executive
and all directors and executive officers of CNX as a group, as of March 9, 2020.
Unless otherwise indicated, the named person
has the sole voting and dispositive powers with respect to the shares of CNX common stock or CNXM common units set forth opposite
such person’s name.
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(2)
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Based on a Schedule 13G/A filed by Southeastern Asset Management, Inc. (“Southeastern”),
an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, Longleaf Partners Fund, an investment
company registered under Section 8 of the Investment Company Act, Longleaf Partners Small-Cap Fund, a series of Longleaf Partners
Funds Trust and an investment company registered under Section 8 of the Investment Company Act, and O. Mason Hawkins, Chairman
of the Board of Southeastern, on February 14, 2020. Southeastern is deemed to be the beneficial owner of 51,035,484 shares and
has sole voting power with respect to 16,743,554 shares, shared voting power with respect to 33,937,044 shares, no voting power
with respect to 354,886 shares, sole dispositive power with respect to 21,196,392 shares, and shared dispositive power with respect
to 29,839,092 shares. Longleaf Partners Fund is deemed to be the beneficial owner of 9,973,278 shares and has sole voting power
with respect to 0 shares, shared voting power with respect to 9,973,278 shares, sole dispositive power with respect to 0 shares,
and shared dispositive power with respect to 9,973,278 shares. Longleaf Partners Small-Cap Fund is deemed to be the beneficial
owner of 18,270,523 shares and has sole voting power with respect to 0 shares, shared voting power with respect to 18,270,523 shares,
sole dispositive power with respect to 0 shares and shared dispositive power with respect to 18,270,523. O. Mason Hawkins is deemed
to be the beneficial owner of 0 shares. For information regarding the Transaction, see “Compensation Discussion and Analysis-Equity
Vesting (Pre-2019 Grants).”
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(3)
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Based on a Schedule 13G/A filed by BlackRock, Inc. on February 4, 2020. BlackRock, Inc., as a parent
holding company for a number of investment management subsidiaries, is deemed to be the beneficial owner of 22,043,383 shares and
has sole voting power with respect to 21,539,596 shares, shared voting power with respect to 0 shares, sole dispositive power with
respect to 22,043,383 shares and shared dispositive power with respect to 0 shares. The following subsidiaries of BlackRock, Inc.
are investment advisors which hold shares of our common stock: BlackRock Life Limited, BlackRock Advisors, LLC, BlackRock (Netherlands)
B.V., BlackRock Fund Advisors, BlackRock Institutional Trust Company, National Association, BlackRock Asset Management Ireland
Limited, BlackRock Financial Management, Inc., BlackRock Asset Management Schweiz AG, BlackRock Investment Management, LLC, BlackRock
Investment Management (UK) Limited, BlackRock Asset Management Canada Limited, BlackRock Investment Management (Australia) Limited,
and BlackRock Advisors (UK) Limited. BlackRock Fund Advisors beneficially owns 5% or greater of the outstanding shares of CNX common
stock.
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(4)
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Based on a Schedule 13G/A filed by Dimensional Fund Advisors LP (“Dimensional”) on
February 12, 2020, Dimensional is an investment advisor registered under Section 203 of the Investment Advisors Act of 1940 that
furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment
or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts,
collectively referred to as the “Funds”). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as
an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional or its subsidiaries
may possess voting and/or investment power over the securities of CNX that are owned by the Funds, and may be deemed to be the
beneficial owner of the shares of CNX held by the Funds. The Funds own all of the shares, and Dimensional disclaims beneficial
ownership of such shares. Dimensional is deemed to be the beneficial owner of 15,680,238 shares and has sole voting power with
respect to 15,518,957 shares, shared voting power with respect to 0 shares, sole dispositive power with respect to 15,680,238 shares
and shared dispositive power with respect to 0 shares.
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(5)
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Based on a Schedule 13G/A filed by The Vanguard Group (“Vanguard”) on February 12,
2020, Vanguard is deemed to be the beneficial owner of 13,457,474 shares and has sole voting power with respect to 181,636 shares,
shared voting power with respect to 28,955 shares, sole dispositive power with respect to 13,272,788 shares and shared dispositive
power with respect to 184,686 shares.
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(6)
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Based on a Schedule 13G filed by State Street Corporation (“State Street”) on February
14, 2020, State Street, as a parent holding company for a number of investment management subsidiaries, is deemed to be the beneficial
owner of 11,063,641 shares and has sole voting power with respect to 0 shares, shared voting power with respect to 10,311,571 shares,
sole dispositive power with respect to 0 shares and shared dispositive power with respect to 11,062,141 shares. The following subsidiaries
of State Street are investment advisors which hold shares of our common stock: SSGA Funds Management, Inc., State Street Global
Advisors Limited (UK), State Street Global Advisors Ltd (Canada), State Street Global Advisors Asia Ltd, State Street Global Advisors
Singapore Ltd, State Street Global Advisors GmbH, and State Street Global Advisors Trust Company.
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(7)
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Amounts include options that are currently exercisable or that may become exercisable within 60
days of March 9, 2020 (i.e., May 8, 2020) and shares underlying DSUs, RSUs and deferred RSUs that will or may be settled on or
before May 8, 2020 as set forth below:
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Of the shares set forth in the table above, the
following related to amounts received by directors in lieu of cash retainers: Mr. Clarkson, 46,348; Mr. Davis, 18,510; Ms. Lally-Green,
11,051; Mr. Lanigan, 61,560; Mr. McGuire, 12,563; and Mr. Thorndike, 71,462.
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(8)
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Includes 65,421 CNX shares and 5,699 CNXM common units held in trusts for his children.
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(9)
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Information for Ms. Passman, who departed from CNX as of May 11, 2019, is as of such date.
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(10)
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Mr. Davis is retiring from the Board effective as of the date of the Annual Meeting.
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(11)
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Includes 35,000 CNX shares held in a trust for his children. In addition, as a result of Mr. Thorndike’s
contractual arrangement with a third party who holds 100,000 shares of CNX common stock in a margin account, Mr. Thorndike may
be deemed to have a beneficial interest with respect to 50,000 shares. Mr. Thorndike has indicated he will continue to use commercially
reasonable efforts to pay down the margin account. By March 30, 2020, Mr. Thorndike intends to reduce the number of shares that
are deemed to be held on margin to 17,500.
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(12)
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Includes 20,600 CNX shares held by Mr. Lanigan, 24,270 CNXM common units held by Mr. Lanigan, 30,600
CNX shares held by the Lanigan Family Limited Partnership, of which Mr. Lanigan is one of the general partners, and 657,950 CNX
shares and 36,200 CNXM common units held by limited liability companies, of which Mr. Lanigan is part owner of the managing member.
These shares are currently held in a marginable account, but are on non-margin status. Also includes 964,912 shares of CNX common
stock and 254,911 units of CNXM common units held in investment advisory accounts of clients of Southeast Asset Advisors, Inc.,
an investment advisor of which Mr. Lanigan serves as Chairman and Chief Executive Officer and disclaims beneficial ownership of
such shares.
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(13)
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Of the 5,607,916 CNX shares held by the directors and executive officers as a group, 1,553,954
represent options that are currently exercisable or that may become exercisable within 60 days of March 9, 2020 (i.e., May 8, 2020);
449,411 represent RSUs that may or will be settled on or before May 8, 2020; 292,593 represent deferred RSUs that may be settled
on or before May 8, 2020; and 69,523 represent DSUs that may be settled on or before May 8, 2020.
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Brokerage account agreements may grant security
interests in securities held at the broker to secure payment and performance obligations of the brokerage account holder in the
ordinary course. Shares shown in the table for the directors and executive officers may be subject to this type of security interest.
