Form 4: CNB Financial Corp Director Straub Acquires Shares and Disposes of Depositary Shares
SEC Form 4 Filing
Director Francis X Straub III reports acquiring common stock and disposing of depositary shares in CNB Financial Corp.
Summary
- On May 14, 2025, Francis X Straub III, a director of CNB Financial Corp, acquired 1,383 shares of common stock at a price of $22.83 per share.
- On the same day, Straub disposed of 10,500 depositary shares.
- Following these transactions, Straub directly owns 36,169 shares of common stock.
- Straub also holds 11,982.52 shares of phantom stock, which become payable upon termination of service.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. It doesn't indicate positive or negative outlook.
Industry Context
This filing reflects insider trading activity, which is closely monitored by regulators and investors for insights into management's perspective on the company's prospects.
Stakeholder Impact
- The transactions may influence investor perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of transaction: Acquisition of common stock and disposal of depositary shares. |
| 05/15/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Beneficial Ownership, CNB Financial Corp, CCNE, Director, Straub, Common Stock, Depositary Shares, Phantom Stock
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