Varischetti Peter C 4
Research Summary
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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.