Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 120

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 120
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 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, awarded, or granted and would therefore not result in the recoupment of any compensation under CNB’s clawback policy. Insider Trading and Reporting Compliance Policy The CNB Board of Directors has adoptedan Insider Trading and Reporting Compliance Policy that governs the purchase, sale, and/or other disposition of CNB’s securities by directors, officers, and employees. The Insider Trading and Reporting Compliance Policy is reasonably designed to promote compliance with insider trading laws, rules, and regulations, and NASDAQ listing standards. Transactions by CNB in its own securities are monitored by external legal counsel for compliance with applicable securities laws. A copy of CNB’s Insider Trading and Reporting Compliance Policy will be filed as Exhibit 19.1 to CNB’s Annual Report on Form 10-Kfor the year ended December 31, 2024. 83

Reducing the Possibility of Excess Risk-Taking