Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 238

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 238
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 RichardsonDirector5,585*%Robert C. Selig, Jr.Director106,2391.05%Carolyn P. StennettDirector5,585*%Elizabeth B. WeekesDirector36,955*%NAMED EXECUTIVES OFFICERS WHO ARE NOT DIRECTORSPeter A. GraySenior Executive Vice President, Chief Operating Officer43,981 (3)*%Charles D. HangenExecutive Vice President, Chief Risk Officer51,948 (4)*%All directors and executive officers as a group (14 persons)786,5397.75%*Less than 1%.(1)Based upon 10,154,664 shares outstanding as of February 19, 2025. Includes restricted stock awards.(2)Includes 266 shares held by Mr. Olson’s spouse’s IRAs, 43,305 shares held by Mr. Olson’s IRA and 15,120 shares held in Mr. Olson’s Employee Stock Ownership Plan account.(3)Includes 2,030 shares held by Mr. Gray’s IRA, 5,037 shares held in Mr. Gray’s Employee Stock Ownership Plan account and 3,224 shares held by Mr. Gray’s 401(k).(4)Includes 9,856 shares held by Mr. Hangen’s IRA, 9,791 shares held in Mr. Hangen’s Employee Stock Ownership Plan account and 5,087 shares held by Mr. Hangen’s spouse’s IRA account.174
COMPARISON OF SHAREHOLDER RIGHTS CNB and ESSA are both incorporated under the laws of the Commonwealth of Pennsylvania. The rights of ESSA’s shareholders currently are governed by ESSA’s charter and bylaws and the laws of the Commonwealth of Pennsylvania. The rights of ESSA’s shareholders who receive shares of CNB common stock as a result of the merger will be governed by CNB’s charter and bylaws and the laws of the Commonwealth of Pennsylvania. The following discussion summarizes certain material differences between the rights of CNB shareholders and ESSA shareholders. This discussion does not purport to be a complete statement of the rights of shareholders of CNB or the rights of shareholders of ESSA and is qualified in its entirety by reference to the governing corporate documents of CNB and ESSA and applicable law. See the section entitled “Where You Can Find More Information” beginning on page 185.

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