Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 111

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 111
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The 2024 salary adjustments were as follows:

| NEO                 |     | Title                                                        |     | 2023   
 Salary 
 ($)    |         |     | %        
 Increase |    |   |     | 2024   
 Salary 
 ($)    |         |
| Michael D. Peduzzi  |     | President and Chief Executive Officer                        |     |        | 623,000 |     |          |  — | % |     |        | 623,000 |
| Tito L. Lima        |     | Senior Executive V.P., Chief Financial Officer and Treasurer |     |        | 330,044 |     |          |  5 | % |     |        | 348,010 |
| Martin T. Griffith  |     | Senior Executive V.P., Chief Revenue Officer                 |     |        | 351,000 |     |          |  5 | % |     |        | 370,006 |
| Angela D. Wilcoxson |     | Executive V.P., Chief Commercial Banking Officer             |     |        | 310,024 |     |          |  8 | % |     |        | 336,024 |
| Gregory M. Dixon    |     | Executive V.P., Chief Credit Officer                         |     |        | 265,044 |     |          | 10 | % |     |        | 292,006 |

Annual Incentives The primary objective of CNB’s annual incentive program is to motivate and reward employees for achieving performance goals that support its strategic plan. The annual incentive plan (the “Incentive Plan”) uses a balanced scorecard approach. The performance measures and goals are selected and approved by the ECC, and then affirmed by the CNB Board of Directors, at the beginning of each year. The ECC reviews CNB’s Incentive Plan annually. For 2024, the ECC modified the Incentive Plan by replacing commercial loan revenues with loan growth, combining interest-bearing deposit growth and noninterest-bearing deposit growth into a single deposit growth metric and removed the wealth and asset management fee. These changes were made to align the 2024 Incentive Plan with CNB’s key strategic goals. For 2024, the ECC selected, and the CNB Board of Directors approved the following absolute metrics for the annual Incentive Plan: (i) fully-diluted EPS; (ii) efficiency ratio; (iii) organic loan growth (excluding syndicated loans); and