Varischetti Peter C 4
4 · CNB FINANCIAL CORP/PA · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
CNB Financial (CCNE) Director Peter Varischetti Receives 1,805-Share Award
What Happened Peter C. Varischetti, a director of CNB Financial Corp./PA (ticker: CCNE), was reported to have acquired 1,805 shares on January 30, 2026 at $27.70 per share, a transaction valued at $49,999. The Form 4 classifies the transaction as an award/grant or other acquisition (code "A") rather than a sale.
Key Details
- Transaction date: 2026-01-30; reported price: $27.70; total value: $49,999.
- Filing date (Form 4): 2026-02-03 (timely — filed within required reporting window).
- Transaction code: A (award/grant or other acquisition).
- Shares owned after the transaction: Not specified in the provided excerpt.
- Footnotes in the filing: F1 notes depositary shares represent a 1/40th interest in the issuer’s 7.125% Series A preferred stock (purchased in an underwritten offering). F2 explains phantom stock referenced in the filing is the economic equivalent of common shares and becomes payable upon termination. F3: n/a.
- Accession No.: 0001647217-26-000002; Period of report: 2026-01-30.
Context This filing reports an acquisition/award rather than a sale. Footnote F1 indicates some instruments described in the filing may be depositary shares (each 1/40th of a preferred share), which have different economics than common stock; F2 refers to phantom stock that pays out on termination. The filing excerpt does not show the insider’s total beneficial ownership after this transaction, so total post-transaction exposure is not available here.
Insider Transaction Report
- Award
Common Stock
2026-01-30$27.70/sh+1,805$49,999→ 3,188 total
- 18,849(indirect: By Trust)
Common Stock
- 3,000(indirect: By Trust)
Depositary Shares
[F1] - 3,000(indirect: By Trust)
Depositary Shares
[F1] - 5,574.82
Phantom Stock
[F2][F3]→ Common Stock (5,574.82 underlying)
Footnotes (3)
- [F1]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.
- [F2]Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.
- [F3]n/a