Noah Michael J 4
Research Summary
AI-generated summary
CNB Financial (CCNE) COO Noah Michael J Receives 1,895-Share Award
What Happened
- Noah Michael J, Chief Operating Officer of CNB Financial Corp./PA (CCNE), acquired 1,895 shares on January 30, 2026. The transaction is reported as an award/grant (code A) at $27.70 per share, for a total reported value of $52,492.
Key Details
- Transaction date: 2026-01-30
- Transaction type: Award/Grant (A) — acquisition of shares
- Shares acquired: 1,895 at $27.70 per share
- Total value reported: $52,492
- Shares owned after transaction: Not specified in the provided filing summary; the filing notes beneficial ownership was adjusted per the latest 401(k) statement (see F3)
- Notable footnotes:
- F1: Some shares accumulated via the Dividend Reinvestment Plan in 2025.
- F2: Describes depositary shares (each = 1/40th interest in a share of the issuer’s Series A preferred) purchased in an underwritten offering — may relate to other holdings, not necessarily this award.
- F3: Beneficial ownership figures were adjusted to reflect the latest 401(k) plan statement.
- Filing timeliness: No late-filing flag indicated in the provided data.
Context
- This was an award/grant (compensation or plan-based acquisition), which is generally part of executive pay and not the same signal as an open-market purchase. Footnotes indicate other share-acquisition mechanisms (dividend reinvestment, depositary preferred shares) and an adjustment to reported ownership from a 401(k) statement; none of these necessarily imply open-market buying or selling by the COO.