Straub Francis X III 4

What Happened
Francis X. Straub III, a director of CNB Financial Corp. (CCNE), was awarded 1,805 shares on January 30, 2026. The reported acquisition price is $27.70 per share, for a total value of $49,999. The transaction is reported as an award/grant (Form 4 code A), which typically reflects compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-30; Filing date: 2026-02-03.
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,805 at $27.70 each; total reported value $49,999.
• Shares owned after transaction: Not specified in this filing.
• Notable footnotes in the filing:
  • F1: Describes depositary shares (each = 1/40 interest in a 7.125% Series A preferred) purchased in an underwritten offering.
  • F2: States phantom stock is the economic equivalent of one common share and becomes payable upon termination of service.
  • F3: n/a.
• Timeliness: The report was filed on Feb 3, 2026, reporting the Jan 30 transaction; the filing does not indicate a late-report flag.

Context
This was a company-awarded grant (compensation), not an open-market buy or sale. Footnote F2 suggests some awards in the filing are structured as phantom stock (economic equivalent to common shares, payable on termination), so the award here may carry vesting or payment conditions rather than immediate, tradable common shares. As with all insider grants, this is informational about compensation and not a direct bullish signal like an executive purchasing shares on the open market.