Shilling Steven R 4

What Happened
Steven R. Shilling, EVP & Chief Wealth Management Officer of CNB Financial Corp. (CCNE), was granted a restricted stock award of 1,895 shares at $27.70 per share (total value ≈ $52,492) on 2026-01-30. To satisfy tax withholding obligations related to that award, 595 shares were surrendered at the same $27.70 price (value ≈ $16,482). The award is compensation (not an open-market bullish purchase); the surrender was to cover taxes, not a discretionary sale.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filed timely).
• Award: 1,895 shares × $27.70 = $52,492 (Restricted Stock Award).
• Withholding/surrender: 595 shares × $27.70 = $16,482 (surrendered to issuer to satisfy tax withholding; footnote F1).
• Net change from these entries: +1,300 shares (1,895 granted − 595 surrendered).
• Holdings after transactions: exact total not specified in this summary; filing notes holdings were adjusted to reflect the latest 401(k) statement (footnote F3).
• Footnotes of note: F1 explains the 595-share surrender was tax withholding; F3 notes beneficial ownership was adjusted per the latest 401(k) statement. (Footnote F2 in the filing concerns depositary shares from a public offering and isn’t directly related to these transactions.)

Context
Restricted stock awards are a form of compensation and are typically subject to vesting and transfer restrictions, so this is not the same signal as an open-market purchase by the insider. Surrendering shares to cover withholding is a routine administrative step and doesn’t necessarily indicate a change in the insider’s market view. The net effect of this filing is an increase of 1,300 shares held by Shilling from this award after tax withholding.