Form 4: CNB Financial Corp Director Scott Nicholas N. Jr. Reports Acquisition of Common Stock and Disposal of Depositary Shares

Director Scott Nicholas N. Jr. of CNB Financial Corp reports acquiring 1,383 shares of common stock through a dividend reinvestment plan and disposing of 2,000 depositary shares.

Summary

• On May 14, 2025, Scott Nicholas N. Jr., a director of CNB Financial Corp, acquired 1,383 shares of common stock at a price of $22.83 per share.
• This acquisition was made through a dividend reinvestment plan.
• Following the transaction, Mr. Scott directly owns 35,494.36 shares of common stock.
• Mr. Scott also disposed of 2,000 Depositary Shares.
• 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.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reports routine transactions (stock acquisition via dividend reinvestment and disposal of depositary shares) by a company director.

Positives

• The acquisition of shares through the Dividend Reinvestment Plan shows confidence in the company's future.

Negatives

• The disposal of 2,000 Depositary Shares could be interpreted negatively, although the reason for disposal is not specified.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The acquisition of common stock through the dividend reinvestment plan may be viewed positively by shareholders.
• The disposal of depositary shares may have a minor impact on holders of the preferred stock.

Key Dates

Keywords

CNB Financial Corp, Director, Scott Nicholas N. Jr., Common Stock, Depositary Shares, Dividend Reinvestment Plan, Form 4, SEC