Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 131

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 131
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 Compensation Plan and Executive Defined Contribution Plan account balances during fiscal 2024. The “above-market” portion of this interest and earnings is included in the fiscal 2024 amounts in the Summary Compensation Table under “Change in Pension Value and Nonqualified Deferred Compensation Earnings” for those participating in an Executive Defined Contribution Plan. |

| (4) | Mr. Dixon is party to both the Executive Defined Compensation Plan and the Executive Deferred Contribution Plan. |

| (5) | Effective September 30, 2023, the Executive Defined Contribution Plan established for Mr. Lima was amended to freeze the plan with no further contributions to be made and all balances to be vested as of the amendment date. |

Executive Deferred Compensation CNB has established a deferred compensation plan for executive officers. Annually, executive officers can defer up to 75% of their base compensation and 100% of all bonuses. If 100% of incentive compensation is deferred, the executive is responsible for payment of applicable payroll taxes. All deferred compensation is a general liability of CNB Bank. Any appreciation or depreciation in each participant’s account value will reflect the performance of the underlying investments. Deferred compensation is structured to be able to serve as a funding source for a Rabbi trust. Investments are expected to closely match the appreciated or depreciated liability. Distributions are received in lump sum or annuity upon normal retirement, death, or disability. Any variance will be adjusted by an expense or gain to CNB Bank. Amounts deferred and any earnings thereon are not subject to federal individual income tax until distributed to the non-employeedirector. Accounting treatment for this plan is subject to the ASC Topic 718. 97

Executive Defined Contribution Plan CNB adopted a defined contribution plan in 2022, in which Mr. Lima and Mr. Dixon participate, and pursuant to which CNB agreed to contribute an amount to the defined contribution plan each year, on January 1, until their service with CNB terminated, equal to 20% of Mr. Lima’s annual base salary and 10% of Mr. Dixon’s annual base salary. In connection with the amendments to the SERP described above and in order to ensure consistency of benefits for similarly situated executives, effective September 30, 2023, this plan was frozen to prohibit future contributions and fully vested all contributions for Mr. Lima through such date. Payments of vested amounts under the defined contribution plan will be made or commence within 90 days following the later of termination date of service from CNB or attainment of age