Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 87

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 87
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5 Plan, any award, and any award agreement, and take all actions and to make all determinations required or provided for under the 2025 Plan, any award, and any award agreement, including the authority to:

| • |     | designate grantees of awards; |

| • |     | determine the type or types of awards to be made to a grantee; |

| • |     | determine the number of shares of CNB common stock subject to an award or to which an award relates; |

| • |     | accelerate the vesting or exercisability of awards; |

| • |     | establish the terms and conditions of each award; |

| • |     | prescribe the form of each award agreement; |

| • |     | subject to the prohibition on repricing of options and SARs without shareholder approval, amend, modify, or supplement the terms of any outstanding award; and |

| • |     | make substitute awards. |

Types of Awards. The 2025 Plan provides for the grant of options, SARs, restricted stock, RSUs, deferred stock units, unrestricted stock, dividend equivalent rights, and other equity-based awards. 57

Eligibility. All of CNB’s employees and the employees of CNB’s “subsidiaries” and “affiliates” (as defined in the 2025 Plan) are eligible to receive awards under the 2025 Plan. In addition, CNB’s non-employee directors and consultants and advisors who perform services for CNB and its subsidiaries and affiliates may receive awards under the 2025 Plan, other than incentive stock options. As of February 10, 2025, there were five named executive officers, nine non-employee directors, and approximately 278employees of CNB and its subsidiaries who would be eligible to participate in the 2025 Plan.

Shares Reserved for Issuance. The maximum number of shares of common stock that may be issued under the 2025 Plan (the “Share Limit”) will be equal to the sum of (i) 750,000 shares of CNB common stock, plus (ii) the number of shares of CNB common stock available for future awards under the 2019 Plan as of the Effective Date, plus (iii) the number of shares of CNB common stock related to awards outstanding under the 2019 Plan as of the Effective Date that thereafter terminate by expiration or forfeiture, cancellation, or otherwise without the issuance of such shares of CNB common