Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 32

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 32
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 considered them, among other things, in approving the merger. These interests include, among other things:

| • |     | the expectation that each current member of the CNB Board of Directors will continue to serve as a director of the board of directors of the combined company; and |

| • |     | the expectation that each current CNB executive officer will continue in his or her role as an executive officer of the combined company. |

See the section entitled “The Merger—Interests of Certain CNB Directors and Executive Officers in the Merger” beginning on page 144 for a discussion of these interests. Interests of Certain ESSA Directors and Executive Officers in the Merger(Page 144) In considering the information contained in this joint proxy statement/prospectus, you should be aware that ESSA’s directors and executive officers have interests in the merger that are different from, or in addition to, the interests of ESSA shareholders generally. The ESSA Board of Directors was aware of these interests and considered them, among other things, in approving the merger. These interests include, among other things:

| • |     | Each ESSA restricted stock award outstanding immediately prior to the effective time of the merger will fully vest, and such awards will be exchanged for the merger consideration (less applicable taxes required to be withheld) and will be treated as issued and outstanding shares of ESSA common stock for purposes of the merger agreement; |

| • |     | Each ESSA performance-based cash-settled award outstanding immediately prior to the effective time of the merger will fully vest, with any performance-based vesting condition to be determined based upon the greater of: (i) the target level of performance; or (ii) actual annualized performance measured as of the most recently completed fiscal quarter, and will be paid in cash within five business days after the effective time of the merger, less applicable taxes required to be withheld; |

| • |     | ESSA, ESSA Bank and CNB entered into a new settlement and non-competition agreement with each of (i) Gary S. Olson, President and Chief Executive Officer of ESSA and ESSA Bank, (ii) Peter A. Gray, Senior Executive Vice President and Chief Operating Officer of ESSA and ESSA Bank, (iii) Charles D. Hangen, Executive Vice President and Chief Risk Officer of ESSA and ESSA Bank, (iv) Allan A. Muto, Executive Vice President and