Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 83

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 83
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 CNB Bank directors to enhance director stock ownership.
Before the third anniversary of the director’s first election to the CNB Board of Directors, the director must at least own the lesser of 2,500 unencumbered shares of common stock of CNB or the number of shares equal to $25,000 of market value.
By the fifth anniversary of a director joining the CNB Board of Directors, the director must own and sustain the number of shares of CNB common stock with a market value equal to 500% or more of the director’s annual retainer for serving on
both the CNB Bank and CNB boards of directors. Compliance with the Director Stock Ownership Guidelines is monitored and periodically reported to the ECC and the CNB Board of Directors by CNB’s President and CEO.

Deferred Compensation Plan and Survivor Benefit Plan for Non-EmployeeDirectors

CNB has established a deferred compensation plan for its non-employee directors that allows each director to defer
receipt of up to 100% of their director compensation. Amounts deferred are credited to a bookkeeping account established in the name of the director and may be notionally invested by the director among a portfolio of investment funds. Any
appreciation or depreciation in a director’s bookkeeping account value will reflect the performance of the underlying investments. No above-market earnings accrue under this plan. All amounts deferred under the deferred compensation plan are
unfunded and represent a general liability of CNB and CNB Bank. Deferred compensation is structured so that it could serve as a funding source for a Rabbi trust. Amounts credited to a non-employee
director’s deferred compensation account will be distributed upon the non-employee director’s normal retirement, death, or disability in the form of a lump sum or annuity, as elected by the director.
Amounts deferred and earnings thereon are not subject to federal individual income tax until distributed to the non-employee director. Accounting treatment for this plan is subject to the ASC Topic 718.

CNB has also established a Survivor Benefit Plan for the benefit of non-employee directors. Under the Survivor Benefit
Plan, each non-employee director may designate a beneficiary (or beneficiaries) who will be entitled to receive a $150,000 death benefit either (i) upon the
non-employee director’s death while serving as a director of CNB or (ii) in the case of a non-employee director who has served as a director of CNB for ten or
more years (or attain age 70 while