Joseph E. Dell Jr - 15 Feb 2022 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: Sr. EVP
Signature: /s/ Jessica A. Zupich, attorney in fact
Issuer symbol: CCNE
Transactions as of: 15 Feb 2022
Net transactions value: +$21,822
Form type: 4
Filing time: 15 Feb 2022, 10:22:43 UTC
Previous filing: 07 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	Award	$32,933	+1,233	+9.4%	$26.71	14,372	15 Feb 2022	Direct	F1
transaction	CCNE	common stock	Tax liability	$11,111	-416	-2.9%	$26.71	13,956	15 Feb 2022	Direct	F2
holding	CCNE	common stock						766	15 Feb 2022	Cust held on behalf of daughter
holding	CCNE	common stock						65	15 Feb 2022	spouse

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						960	15 Feb 2022	common stock	960		Direct	F3

* 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 share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.