Joseph B. Bower Jr. - 20 Dec 2021 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: President and CEO
Signature: /s/ Jessica A. Zupich, attorney in fact
Issuer symbol: CCNE
Transactions as of: 20 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 21 Dec 2021, 13:47:55 UTC
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	common stock	Other	$2,003	-75	-0.13%	$26.71	58,664	20 Dec 2021	Direct	F1
transaction	CCNE	common stock	Other	$2,003	+75	+11%	$26.71	786	20 Dec 2021	Son
holding	CCNE	Depositary Shares						4,360	20 Dec 2021	Direct	F2

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						6,699	20 Dec 2021	common stock	6,699		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Transfer to son as gift
F2	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.
F3	Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.