Form 4: CNB Financial Corp Director Peter C. Varischetti Reports Acquisition of Common Stock

Director Peter C. Varischetti reports acquiring 1,383 shares of CNB Financial Corp common stock at $22.83 per share on May 14, 2025.

Summary

• On May 14, 2025, Peter C. Varischetti, a director of CNB Financial Corp, acquired 1,383 shares of common stock at a price of $22.83 per share.
• Following this transaction, Mr. Varischetti directly owns 1,383 shares of common stock.
• Mr. Varischetti also indirectly owns 18,849 shares of common stock, 3,000 depositary shares through the 2011 IRR Trust FBO Peter C. Varischetti, and 3,000 depositary shares through The Sharon M. Varsichetti Revocable Trust.
• Additionally, Mr. Varischetti holds 5,837.81 shares of phantom stock, which are payable upon termination of service.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard transaction report. The director's purchase could be seen as slightly positive, indicating confidence, but it's not a major event.

Positives

• The director's purchase of shares may signal confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment.

Key Dates

Keywords

CNB Financial Corp, Director, Peter C. Varischetti, Common Stock, Acquisition, Depositary Shares, Phantom Stock, CCNE