Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 113

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 113
---
 | Executive V.P., Chief Credit Officer                         |     |                | 20.13 | % |     |                |  58,781 |

76

Actual performance versus all incentive goals for the NEOs was measured, compiled, and reviewed and approved by the ECC, and affirmed by the CNB Board of Directors, in January 2025, with the related accruals being accurately reflected in the year-end2024 financial results. The resulting Incentive Plan payouts were made in February 2025. The tables below summarize the Incentive Plan performance measures, goals and actual performance and the actual incentive earned for (i) Mr. Peduzzi and (ii) for each other NEO. Michael D. Peduzzi – President and Chief Executive Officer: The fully-diluted EPS metric achieved the minimum level performance goals only when the associated incentive expense was not fully incurred. Therefore, the ECC decided against making minimum incentive payouts related to the fully-diluted EPS metric. As part of the qualitative portion of the CEO’s incentive payout, the ECC awarded the payout at target level, reflecting the CEO overall contribution to CNB’s continued efforts in its growth and financial performance goals.

| Performance Measure                                 |     | Performance Goal 
 Weight           |      |   |     | Minimum |         |   |     | Target |         |   |     | Stretch |         |   |     | Incentive   
 Target      
 Opportunity 
 %           |       |   |     | 2024 Actual Performance 
 Performance             |         |   |     | Calculated 
 Incentive  
 %          |      |   |
|:----------------------------------------------------|:----|:-----------------|-----:|:--|:----|:--------|--------:|:--|:----|:-------|--------:|:--|:----|:--------|--------:|:--|:----|:------------|------:|:--|:----|:------------------------|--------:|:--|:----|:-----------|-----:|:--|
| Fully-Diluted EPS                                   |     |                  | 35.0 | % |     | $       |    2.39 |   |     | $      |    2.52 |   |     | $       |    2.90 |   |     |             | 10.07 | % |     | $                       |    2.39 |   |     |            | 0.00 | %