Form 4: CNB Financial Corp Executive Reports Stock Transactions

Steven R Shilling, EVP/Chief Wealth Management Officer of CNB Financial Corp, reports acquisition and disposal of common stock and adjustment of 401K holdings.

Summary

• On February 24, 2025, Steven R Shilling, EVP/Chief Wealth Management Officer of CNB Financial Corp, reported transactions involving the company's common stock.
• Shilling acquired 1,308 shares at $25.30 per share through the CNB Financial Corporation 2019 Stock Incentive Plan.
• He also disposed of 442 shares at $25.30 per share to satisfy tax withholding obligations related to a Performance Stock Award.
• Shilling's direct holdings of common stock after these transactions amount to 8,725 shares.
• Additionally, Shilling's indirect holdings through a 401K plan are 3,765.025 shares.
• He also owns 400 Depositary Shares, each representing 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: The sentiment is neutral as the transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative sentiment.

Positives

• The acquisition of shares through the stock incentive plan suggests confidence in the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while routine, slightly reduces the executive's direct stake in the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

Keywords

CNB Financial Corp, CCNE, Steven R Shilling, Stock Incentive Plan, Form 4, Beneficial Ownership, EVP, Chief Wealth Management Officer, Common Stock, Depositary Shares, 401K