Company: CCNE
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000736772-25-000202
Chunk: 63

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 63
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 for the restricted stock awards is recognized over the requisite service period based on the fair value of the shares at the date of grant on a straight-line basis. Non-vested restricted stock awards are recorded as a reduction of additional paid-in-capital in shareholders' equity until earned. Compensation expense resulting from time-based, performance-based and director restricted stock awards was $791 thousand and $1.9 million for the three and nine months ended September 30, 2025, respectively, and $471 thousand and $1.8 million for the three and nine months ended September 30, 2024, respectively. The total income tax benefit related to the recognized compensation cost of vested restricted stock awards was $166 thousand and $397 thousand for the three and nine months ended September 30, 2025, respectively, and $99 thousand and $386 thousand for the three and nine months ended September 30, 2024, respectively.A summary of changes in time-based unvested restricted stock awards for the three months ended September 30, 2025 follows:SharesPer Share Weighted Average Grant Date Fair ValueUnvested at beginning of period254,477 $22.51 Granted1,570 22.28 Forfeited(3,423)22.51 Vested(1,363)24.01 Unvested at end of period251,261 $22.50 

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A summary of changes in time-based unvested restricted stock awards for the nine months ended September 30, 2025 follows:SharesPer Share Weighted Average Grant Date Fair ValueUnvested at beginning of period178,556 $22.37 Granted147,132 22.82 Forfeited(12,894)22.41 Vested(61,533)22.91 Unvested at end of period251,261 $22.50 As of September 30, 2025 and December 31, 2024, there was $4.4 million and $2.7 million, respectively, of total unrecognized compensation cost related to non-vested shares granted under the 2025 Stock Incentive Plan. The fair value of shares vested was $35 thousand and $1.6 million during the three and nine months ended September 30, 2025, respectively and $33 thousand and $1.4 million during the