Peter C. Varischetti - 01 Feb 2023 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: 01 Feb 2023
Transactions value $: $34,998
Form type: 4
Filing time: 01 Feb 2023, 15:54:57
Previous filing: 21 Sep 2022
Next 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	$35K	+1.45K	+9.39%	$24.12	16.9K	01 Feb 2023	Direct	F1
holding	CCNE	Depositary Shares						3K	01 Feb 2023	Direct	F2
holding	CCNE	Depositary Shares						3K	01 Feb 2023	Spouse	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						5.32K	01 Feb 2023	Common Stock	5.32K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Accumulated shares through Dividend Reinvestment
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.
F4	n/a