Shilling Steven R 4

What Happened

• Steven R. Shilling, EVP and Chief Wealth Management Officer of CNB Financial Corp (CCNE), received a performance-based stock award of 1,113 shares of common stock on 2026-02-23 at an implied value of $27.70 per share (total value $30,830).
• On the same date he disposed of 313 shares at $27.70 per share (total $8,670); the filing indicates those shares were surrendered to the issuer to satisfy tax withholding obligations related to the performance stock award. The award is an acquisition (A) while the surrender is recorded as a sale (S).

Key Details

• Transaction date: 2026-02-23; reported filing date: 2026-02-23 (appears timely).
• Award: 1,113 shares @ $27.70 = $30,830.
• Disposition (tax withholding): 313 shares @ $27.70 = $8,670.
• Footnotes: F1 — shares issued under the 2019 Stock Incentive Plan converting performance units over a 3-year performance period; F2 — shares surrendered to satisfy tax withholding. F3/F4 relate to depositary preferred shares purchased in an offering (not part of these common-stock movements).
• Shares owned after the transactions: not provided in the information you supplied.

Context

• The primary action is receipt of a performance-based award (an acquisition), which is different from an open-market purchase; the simultaneous sale here appears to be a routine tax-withholding surrender rather than a market-sale decision.
• For retail investors, awards indicate compensation tied to company performance; surrendered shares for taxes are common and do not necessarily signal a view on the stock's prospects.