Olson Gary S 4
Research Summary
AI-generated summary
CNB Financial (CCNE) Director Gary S. Olson Receives 961.5 Shares via Inheritance
What Happened
- Gary S. Olson, a director of CNB Financial Corp (CCNE), reported an acquisition of 961.5 shares on 2026-02-04 classified as an inheritance (transaction code W). The shares were recorded at $0.00 per share (total $0), reflecting reception by will/inheritance rather than a market purchase.
Key Details
- Transaction date: 2026-02-04; Price: $0.00 (inheritance, code W).
- Shares acquired: 961.5.
- Shares owned after transaction: The filing notes that total holdings (Column 5) were adjusted; see the amended Form 3 filed Feb 6, 2026 for the corrected post-transaction holdings.
- Footnote: F1 — Holdings were adjusted to reflect corrected holdings disclosed in the amendment to the Form 3 filed Feb 6, 2026.
- Timeliness: The Form 4 amendment was filed Feb 6, 2026 (two business days after the transaction), which appears to meet Form 4 timing requirements.
Context
- Inherited shares are treated as an acquisition on the Form 4 but do not reflect a purchase decision by the insider and generally do not signal market sentiment. For exact updated ownership totals, refer to the amended Form 3 mentioned in the filing.