Francis X. Straub III - 08 Jun 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: 08 Jun 2023
Net transactions value: -$7,730
Form type: 4
Filing time: 09 Jun 2023, 10:24:16 UTC
Previous filing: 18 May 2023
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	Sale	$18,430	-1,000	-2.9%	$18.43	33,147	08 Jun 2023	Direct
transaction	CCNE	Depositary Shares	Purchase	$10,700	+500	+5%	$21.40	10,500	08 Jun 2023	Direct	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						10,915	08 Jun 2023	Common Stock	10,915		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