Mink Robin 4
Research Summary
AI-generated summary
CNB Financial (CCNE) EVP Robin Mink Receives Award, Sells Shares
What Happened
- Robin Mink, EVP / Chief TM Officer of CNB Financial Corporation (CCNE), received a performance-based stock award of 445 shares on Feb 23, 2026 (valued at $27.70 per share, $12,327). On the same date 144 shares were disposed (reported as a sale) at $27.70 per share ($3,989). The award is a grant (not a market purchase); the share disposition reflects routine withholding/sale activity tied to the award.
Key Details
- Transaction date: 2026-02-23
- Award: 445 shares @ $27.70 — total value ~$12,327 (Grant/Acquisition)
- Disposal: 144 shares @ $27.70 — total proceeds ~$3,989 (reported as sale)
- Footnote F1: Awarded shares were issued under the CNB Financial Corporation 2019 Stock Incentive Plan; these were performance units converted to common shares based on a three‑year performance period.
- Footnote F2: The 144 shares were surrendered to the issuer to satisfy tax withholding obligations in connection with the performance stock award (i.e., a sell-to-cover/withholding action rather than an opportunistic market trade).
- Shares owned after the transactions: not specified in the provided filing summary.
- Filing timeliness: Reported on 2026-02-23 for transactions on 2026-02-23 — no late filing indicated.
Context
- This was primarily a converted performance-unit award (a non-cash compensation event). The shares surrendered were used to cover taxes related to that award, a routine administrative step that does not necessarily indicate market sentiment.