Dixon Gregory M 4

What Happened
Gregory M. Dixon, EVP and Chief Credit Officer of CNB Financial Corp. (CCNE), received a restricted stock award of 1,895 shares on 2026-01-30 valued at $27.70 per share (total ~$52,492). To cover tax withholding on that award, 595 shares were surrendered to the issuer at the same price (595 × $27.70 ≈ $16,482). Net result: Dixon acquired 1,300 net shares with a net value of about $36,010.

Key Details

• Transaction date: 2026-01-30; Form filed 2026-02-03 (check filing for timeliness).
• Award: 1,895 shares granted at $27.70 (code A — award/grant).
• Tax withholding: 595 shares surrendered at $27.70 (code F — tax withholding).
• Net change: +1,300 shares (1,895 granted − 595 surrendered); net value ≈ $36,010.
• Shares owned after transaction: not specified in the excerpt; filing footnote F3 states beneficial ownership was adjusted per the latest 401(k) plan statement.
• Other footnotes in the filing: F1 explains the surrendered shares satisfied tax withholding; F2 relates to depositary shares purchased in a separate offering (appears unrelated to Dixon’s award).

Context
This was a restricted stock award (not an open-market purchase or option exercise). The surrender of shares to satisfy taxes is a common administrative cashless-withholding method and does not necessarily indicate a sale for liquidity or investment intent. The primary signal here is issuance of equity to an executive (a routine component of compensation).