LIMA TITO L 4
4 · CNB FINANCIAL CORP/PA · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
CNB Financial (CCNE) CFO Tito L. Lima Receives Stock Award
What Happened
Tito L. Lima, Senior Executive Vice President and Chief Financial Officer of CNB Financial Corporation (CCNE), received 1,485 shares on February 23, 2026. The shares were issued at a reported value of $27.70 per share, for a total value of approximately $41,135. This was an award/grant (code A) — a conversion of performance units into common stock under the company’s incentive plan, not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-02-23; 1,485 shares at $27.70 per share (total ~$41,135).
- Shares owned after transaction: Not specified in the filed Form 4.
- Footnote: Securities were issued pursuant to the CNB Financial Corporation 2019 Stock Incentive Plan; performance units converted to shares based on corporate performance over a three‑year performance period.
- Timeliness: Filing dated and reported on 2026-02-23 (same-day report).
Context
This transaction represents compensation tied to past performance metrics rather than an insider buying or selling stock. Conversions of performance units into shares are common executive compensation events and do not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-23$27.70/sh+1,485$41,135→ 27,423.24 total
- 899.878(indirect: By Spouse)
Common Stock
- 3,931.406(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]These securities were issued to the reporting person pursuant to the CNB Financial Corporation 2019 Stock Incentive Plan, which provided for the conversion of performance units into a number of shares of common stock based on the Issuer's performance over a three year designated performance period.