Peter C. Varischetti - Feb 1, 2024 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: Director
Signature: /s/ Jessica A. Zupich, Attorney-in-Fact
Stock symbol: CCNE
Transactions as of: Feb 1, 2024
Transactions value $: $34,993
Form type: 4
Date filed: 2/1/2024, 04:16 PM
Previous filing: Feb 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	Common Stock	Award	$35K	+1.64K		$21.35	1.64K	Feb 1, 2024	Direct
holding	CCNE	Common Stock						17.2K	Feb 1, 2024	By 2011 IRR Trust FBO Peter C. Varischetti
holding	CCNE	Depositary Shares						3K	Feb 1, 2024	By 2011 IRR Trust FBO Peter C. Varischetti	F1
holding	CCNE	Depositary Shares						3K	Feb 1, 2024	By The Sharon M. Varsichetti Revocable Trust	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						5.51K	Feb 1, 2024	Common Stock	5.51K		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