Steven R. Shilling - 15 Feb 2022 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role
EVP/Wealth & Assset Management
Signature
/s/ Jessica A. Zupich, attorney in fact
Issuer symbol
CCNE
Transactions as of
15 Feb 2022
Net transactions value
+$13,595
Form type
4
Filing time
15 Feb 2022, 13:53:34 UTC
Previous filing
07 Feb 2022
Next filing
21 Sep 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 Award $20,941 +784 +19% $26.71 4,893 15 Feb 2022 Direct F1
transaction CCNE common stock Tax liability $7,345 -275 -5.6% $26.71 4,618 15 Feb 2022 Direct F2
holding CCNE Depositary shares 400 15 Feb 2022 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 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.