POWELL JEFFREY S 4

What Happened
Jeffrey S. Powell, a director of CNB Financial Corp (CCNE), purchased 975 shares in an open-market transaction on January 30, 2026 at $27.28 per share for a total of $26,598. The filing reports this as a purchase (transaction code P), which is a direct acquisition of common stock.

Key Details

• Transaction date: 2026-01-30
• Price: $27.28 per share; Shares purchased: 975; Total value: $26,598
• Filing date / Accession: Form filed 2026-02-02 (no late filing indicated in the provided report)
• Shares owned after transaction: Not specified in the summary provided
• Footnotes included in the filing:
  • F1: Some reported shares were accumulated through dividend reinvestment (DRIP).
  • F2: The filing also notes phantom stock holdings (each phantom share equals one common share and becomes payable upon termination of service).
  • F3: n/a

Context
Purchases by insiders are often watched by investors as one data point of insider confidence, but they do not on their own prove future performance. The footnotes indicate ongoing dividend reinvestment activity (F1) and the existence of phantom stock arrangements (F2), which affect overall economic exposure but are different from immediate common-stock ownership.