Joseph B. Bower Jr - Feb 1, 2022 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: President and CEO
Signature: /s/ Jessica A. Zupich, attorney in fact
Stock symbol: CCNE
Transactions as of: Feb 1, 2022
Transactions value $: $261,010
Form type: 4
Date filed: 2/1/2022, 01:39 PM
Previous filing: Dec 21, 2021
Next filing: Feb 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	common stock	Award	$261K	+9.77K	+16.63%	$26.71	68.5K	Feb 1, 2022	Direct
holding	CCNE	common stock						786	Feb 1, 2022	Son
holding	CCNE	Depositary Shares						4.36K	Feb 1, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	CCNE	Phantom Stock						9.33K	Feb 1, 2022	common stock	9.33K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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, no par value per share. Depositary Shares were purchased in an underwritten public offering.
F2	Phantom stock acquired pursuant to the Registrant's deferred compensation program. Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.