Steven R. Shaffner Shilling - Feb 26, 2024 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role
EVP/Chief Wealth Mngt Officer
Signature
/s/ Jessica A. Zupich, Attorney-in-Fact
Stock symbol
CCNE
Transactions as of
Feb 26, 2024
Transactions value $
$15,543
Form type
4
Date filed
2/26/2024, 04:01 PM
Previous filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCNE Common Stock Award $23.5K +1.1K +14.42% $21.35 8.72K Feb 26, 2024 Direct F1
transaction CCNE Common Stock Tax liability -$7.92K -371 -4.26% $21.35 8.35K Feb 26, 2024 Direct F2
holding CCNE Depositary Shares 400 Feb 26, 2024 Direct F3, F4
holding CCNE Common Stock 3K Feb 26, 2024 By 401K Plan F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities were issued to the reporting person pursuant to the CNB Financial Corporation 2019 Stock Incentive Plan, which provided for the conversion of performance units into a number of shares of common stock based on the Issuer's performance over a three year designated performance period.
F2 Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the Performance Award.
F3 Each Depositary Share represents a 1/40th interest in a share of the Issuer's 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, no par value per share. Depositary Shares were purchased in an underwritten public offering.
F4 Each Depositary Share represents a 1/40th interest in a share of the Issuer's 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, no par value per share. Depositary Shares were purchased in an underwritten public offering.
F5 The amount of securities beneficially owned have been adjusted to reflect the latest plan statement.