Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 84

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 84
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 Financial Corporation 2025 Omnibus Incentive Plan (the “2025 Plan”). Upon recommendation of the ECC, the 2025 Plan was adopted by the CNB Board of Directors and became effective on January 21, 2025 (the “Effective Date”), subject to approval by the shareholders at the CNB annual meeting. The CNB Board of Directors believes that the 2025 Plan is important to CNB’s continued growth and success and that approval of the 2025 Plan is required for CNB to be able to continue to make equity awards to key persons in a size that the CNB Board of Directors believes is necessary to accomplish CNB’s goals. The purpose of the 2025 Plan is to (i) provide eligible individuals with an incentive to contribute to the success of CNB and to operate and manage CNB’s business in a manner that will provide for CNB’s long-term growth and profitability and that will benefit its shareholders and other important stakeholders, including its employees and customers, and (ii) provide a means of recruiting, rewarding, and retaining key personnel. To this end, the 2025 Plan provides for the grant of options, stock appreciation rights (“SARs”), restricted stock, restricted stock units (“RSUs”), deferred stock units, unrestricted stock, dividend equivalent rights, and other equity-based awards. If CNB’s shareholders approve the 2025 Plan, the 2025 Plan will replace the CNB Financial Corporation 2019 Omnibus Incentive Plan (the “2019 Plan”) as the means by which CNB makes equity awards to key persons. If CNB’s shareholders do not approve the 2025 Plan, the 2025 Plan will not become effective, and any awards made under the 2025 Plan on or after the Effective Date but prior to the CNB annual meeting will not be exercisable, settleable, or deliverable. Moreover any awards to key persons will continue to be made under the 2019 Plan, to the extent shares are available for issuance thereunder, which as of December 31, 2024 equaled an estimated 26,278 shares (without giving effect to additional shares that may have become available upon the future expiration, forfeiture, or cancellation of outstanding awards). The CNB Board of Directors believes that, if the 2025 Plan is not approved, the current share reserve under the 2019 Plan would be insufficient to align the interests of key persons with CNB’s shareholders through equity-based compensation and accordingly,