Peter C. Varischetti - 21 Sep 2022 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: Director
Signature: /s/ Jessica A. Zupich, attorney in fact
Issuer symbol: CCNE
Transactions as of: 21 Sep 2022
Net transactions value: +$50,008
Form type: 4
Filing time: 21 Sep 2022, 15:51:32 UTC
Previous filing: 02 Feb 2022
Next filing: 01 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	Common Stock	Purchase	$50,008	+2,128	+16%	$23.50	15,194	21 Sep 2022	Direct
holding	CCNE	Depositary Shares						3,000	21 Sep 2022	Direct	F1
holding	CCNE	Depositary Shares						3,000	21 Sep 2022	Spouse	F1

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						5,172	21 Sep 2022	common stock	5,172		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	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.
F2	Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.
F3	n/a