Wilcoxson Angela D. 4

What Happened

• Angela D. Wilcoxson, EVP & Chief Commercial Banking Officer of CNB Financial Corp. (CCNE), was issued 1,113 shares on 2026-02-23 as a conversion of a performance stock award (1,113 shares × $27.70 = $30,830).
• On the same date she surrendered 329 shares to the issuer to satisfy tax withholding obligations (329 shares × $27.70 = $9,113).
• Net result: a net gain of 784 shares retained by Wilcoxson, equal to about $21,717 (784 × $27.70). The award is an acquisition (A); the surrender is reported as a disposition (S) for tax withholding.

Key Details

• Transaction date: 2026-02-23; price reported: $27.70 per share for both entries.
• Gross value of award: $30,830; shares surrendered for taxes: $9,113; net value retained ≈ $21,717.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — shares issued under the CNB Financial Corporation 2019 Stock Incentive Plan converting performance units after a three‑year performance period; F2 — surrendered shares were to satisfy tax withholding.
• Timeliness: Report filed 2026-02-23 (same date as the transactions), indicating a timely Form 4 filing.

Context

• This filing reflects the conversion of previously granted performance units into common stock and a routine share surrender to cover tax withholding. Such tax-related dispositions are common and do not necessarily reflect a discretionary decision to sell shares. The net result is a modest insider increase (784 shares, ≈ $21.7K).