POWELL JEFFREY S 4

What Happened Jeffrey S. Powell, a director of CNB Financial Corp. (CCNE), was granted 1,805 phantom shares on January 30, 2026. The grant is reported at $27.70 per share for a total reported value of $49,999. This filing is an award/grant (transaction code A), i.e., a compensation-related grant rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; reported filing date: 2026-02-03 (timely within SEC Form 4 deadlines).
• Grant size and value: 1,805 phantom shares × $27.70 = $49,999.
• Shares owned after transaction: Not reported on the Form 4.
• Footnotes: F1 — each phantom share is the economic equivalent of one common share and becomes payable upon termination of service; F2 — n/a.
• Transaction code: A (award/grant).

Context This was a compensation award of phantom stock, which generally represents an economic interest tied to the company’s stock price and is payable later (per the footnote), rather than immediate ownership of voting common shares. Such grants are routine forms of director compensation and should be interpreted as a company pay/retention action rather than a direct market buy or sell.