Form 4: CNB Financial Corp Executive Reports Stock Transactions

Steven R Shilling, EVP/Chief Wealth Management Officer at CNB Financial Corp, reported the acquisition and disposal of company stock on January 31, 2025.

Summary

• Steven R Shilling, an executive at CNB Financial Corp, filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On January 31, 2025, Mr. Shilling disposed of 488 shares of common stock at a price of $25.30 per share to cover tax obligations related to a restricted stock award.
• Following these transactions, Mr. Shilling directly owns 7,859 shares of common stock.
• Additionally, Mr. Shilling indirectly owns 3,643.73 shares through a 401K plan.
• Mr. Shilling also owns 400 depositary shares, each representing a 1/40th interest in a share of the company's preferred stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive stock transactions, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The reported transactions are typical for executives managing their stock holdings, often involving tax obligations related to stock awards.
• The use of 401K plans for stock ownership is a common practice for employees and executives in the financial sector.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to an individual executive's stock holdings.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, CNB Financial Corp, Executive Stock, Steven R Shilling, CCNE, 401K, Depositary Shares, Preferred Stock