Joseph B. Bower Jr - Dec 23, 2022 Form 4 Insider Report for CNB FINANCIAL CORP/PA (CCNE)

Role: President & CEO, Director
Signature: /s/ Jessica A. Zupich, attorney in fact
Stock symbol: CCNE
Transactions as of: Dec 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/27/2022, 07:37 AM
Previous filing: Sep 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCNE	Common Stock	Gift	-$592	-25	-0.04%	$23.66	70.4K	Dec 23, 2022	Direct
transaction	CCNE	Common Stock	Gift	$592	+25	+3.1%	$23.66	833	Dec 23, 2022	Direct	F1
holding	CCNE	Depositary Shares						4.36K	Dec 23, 2022	Direct	F2

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	Dec 23, 2022	Common Stock	9.33K		Direct	F3, F4

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

Explanation of Responses:

Id	Content
F1	Accumulated shares through Dividend Reinvestment
F2	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.
F3	n/a
F4	Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.