Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 119

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 119
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#### Hedging and Pledging Policy
All directors and employees of CNB are prohibited from engaging in any speculative transaction designed to hedge or offset any decrease in the market value of CNB’s securities, including hedging and/or pledging of CNB’s common stock. Effective August 11, 2015, CNB also prohibited any pledging of CNB’s securities in a margin account and restricted all other pledging of CNB’s securities by requiring directors and employees to obtain prior approval of the Chief Financial Officer before entering into any such agreement. CNB securities that were pledged as of August 11, 2015 as collateral for a loan are grandfathered and may continue to be pledged until released pursuant to the terms of relevant agreements.

#### Clawback/Recoupment Policy
The CNB Board of Directors has adopted a clawback policy for incentive compensation. The policy provides for mandatory clawback in certain situations in compliance with SEC and NASDAQ rules. Specifically, in the event CNB’s financial results are restated due to material noncompliance with any financial reporting requirement, CNB is required (except in limited circumstances) to recover the amount of excess incentive compensation received by any covered officer. The policy applies to CNB’s executive officers, its principal accounting officer and any other employee who may from time to time be deemed subject to the policy by the ECC.

The clawback period covers the three completed fiscal years preceding the date CNB determines that it is required to prepare an accounting restatement. Excess incentive compensation is any compensation that is granted, earned, or vested based wholly or in part upon the attainment of a financial reporting measure that was in excess of the amount that such covered officer would have received taking into account the restated financial results. The ECC administers the policy which is available on CNB’s website and has been filed as an exhibit to its Annual Report on Form 10-K for the year ended December 31, 2023.

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CNB made immaterial revisions to amounts reported in previously issued financial statements for the periods presented in its Quarterly Report on Form 10-Qfor the quarter ended June 30, 2024. The revisions relate to the classification of completed construction loans not being reported in the appropriate permanent loan segment classification. These revisions had no impact on CNB’s net income, balance sheet or cash flows. The ECCreviewed therevisions in accordance with CNB’s clawback policy and determined that the revisions did not affect any incentive compensation approved