Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 98

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 98
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 of the Code, it will be entitled to a business expense deduction in the same amount and generally at the same time as the grantee recognizes ordinary income.

Section280G of the Code. To the extent payments which are contingent on a Change in Control are determined to exceed certain
limitations, such payments may be subject to a 20% excise tax, and CNB’s deduction with respect to the associated compensation expense may be disallowed in whole or in part. The 2025 Plan includes a Section 280G “best after tax”
provision, meaning, if any of the payments under the 2025 Plan or otherwise would constitute parachute payments within the meaning of Section 280G of the Code and would be subject to the excise tax imposed under Section 4999 of the Code,
the payments will be reduced by the amount required to avoid the excise tax if such a reduction would give the grantee a better after-tax result than if the grantee received the payments in full.

New Awards

On
January 21, 2025, the ECC approved the grant of 208,796 restricted shares to 283 eligible recipients, including CNB’s named executive officers and directors, subject to shareholder approval of the 2025 Plan at the

63

CNB annual meeting and effective as of the shareholder approval date. If CNB shareholders do not approve the 2025 Plan, these restricted share awards will not be granted.

| Name and Position                                                                                                         |     | Dollar value ($) |           |     | Number of units(1)(2) |         |
| Michael D. Peduzzi                                                                                                        
 President and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank                                         |     |                  |   374,946 |     |                       |  14,820 |
| Tito L. Lima                                                                                                              
 Principal Financial Officer and Treasurer of CNB; Senior Executive Vice President and Chief Financial Officer of CNB Bank |     |                  |   156,228 |     |                       |   6,175 |
| Martin T. Griffith                                                                                                        
 Senior Executive Vice President and                                                                                       
 Chief Revenue Officer of CNB Bank                                                                                         |     |                  |   156,228 |     |                       |   6,175 |
| Angela D. Wilcoxson                                                                                                       
 Executive Vice President, Chief Commercial Banking Officer of CNB Bank                                                    |     |                  |   124,982 |     |                       |   4,940 |
| Gregory M. Dixon