Form 4: Director Seager Adjusts Deferred Compensation Holdings

CNB Financial Director Richard B. Seager reported a transfer of phantom stock to an alternative investment account within the company's deferred compensation plan.

Summary

• Richard B. Seager, a Director of CNB Financial Corp/PA (CCNE), filed a Form 4 detailing changes in beneficial ownership.
• The filing reports a transaction on December 8, 2025, involving phantom stock.
• Seager transferred 9,584.4576 shares of phantom stock, which are the economic equivalent of one share of common stock, to an alternative investment account pursuant to the issuer's deferred compensation plan.
• Following this transfer, Seager's beneficial ownership of phantom stock as a derivative security is 0.
• Seager continues to directly own 21,611 shares of Common Stock.
• Seager also directly owns 3,000 Depositary Shares, each representing a 1/40th interest in the Issuer's 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, which were purchased in an underwritten public offering.

Sentiment

Score: 5

Explanation: The filing is neutral as it reports a routine insider transaction related to deferred compensation, not an open market purchase or sale of common stock that would typically signal management's view on valuation.

Future Outlook

na

Industry Context

This filing is a routine disclosure of an insider's change in beneficial ownership, specifically related to deferred compensation, which is common practice for corporate directors and executives across various industries. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine adjustment of a director's deferred compensation, not a direct open market transaction in common stock.
• No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.

Key Dates

Keywords

CNB Financial Corp, CCNE, Form 4, Insider Transaction, Richard B. Seager, Director, Phantom Stock, Deferred Compensation, Beneficial Ownership, Depositary Shares