Richard Lee Greslick Jr. - 26 Feb 2024 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: Secretary, Senior EVP, Director
Signature: /s/ Jessica A. Zupich, Attorney-in-Fact
Issuer symbol: CCNE
Transactions as of: 26 Feb 2024
Net transactions value: +$39,989
Form type: 4
Filing time: 26 Feb 2024, 16:03:17 UTC
Previous filing: 01 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	Common Stock	Award	$58,691	+2,749	+9%	$21.35	33,318	26 Feb 2024	Direct	F1
transaction	CCNE	Common Stock	Tax liability	$18,703	-876	-2.6%	$21.35	32,442	26 Feb 2024	Direct	F2
holding	CCNE	Depositary Shares						2,000	26 Feb 2024	Direct	F3
holding	CCNE	Common Stock						10,238	26 Feb 2024	By 401K Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CCNE	Phantom Stock						6,131	26 Feb 2024	Common Stock	6,131		Direct	F4, F5, F6

* 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 share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.
F5	n/a
F6	Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.