Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 123

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 123
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 was appointed President and Chief Executive Officer of CNB, effective December 31, 2022, upon Mr. Bower’s retirement.
Mr. Peduzzi’s promotion was the primary driver of his higher CAP received in 2023 versus 2022 as a result of an increase in his base salary and restricted stock awards.

Comparison of Compensation Actually Paid versus Net Income

The chart below compares the CAP to CNB’s President and Chief Executive Officer and the average of the CAP to its other
non-CEO NEOs to net income for the past five years.

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Comparison of Compensation Actually Paid versus Company-Selected Measure (“CSM”)

The chart below compares the CAP to CNB’s President and Chief Executive Officer’s and average of the CAP to other non-CEO NEOs and CNB’s CSM, fully-diluted EPS for the past five years.

Stock Incentive Plan

The 2019 Plan was initially adopted by the CNB Board of Directors and subsequently approved by CNB’s shareholders at its annual meeting of shareholders
held in 2019. Certain full or part-time employees of CNB, any parent, subsidiary or affiliate thereof, or persons who serve CNB or an affiliate as a director, are eligible to receive awards under the 2019 Plan. Awards may be granted in the form of
options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, unrestricted stock, dividend equivalent rights, other equity-based awards and cash bonus awards. The 2019 Plan provides that the exercise price of
each option will be determined by the ECC, provided that the per share exercise price will be equal to or greater than 100% of the fair market value of a share of CNB common stock on the grant date. Generally, the term of an option will not exceed
ten years from the grant date. For this purpose, fair market value is determined by reference to the closing price of the common stock on the date of grant or, if the grant date is not a trading day, the trading day immediately preceding the grant
date. If CNB’s shareholders approve the 2025 Plan, the 2025 Plan will replace the 2019 Plan as the means by which CNB makes equity awards to key persons, including the NEOs.

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Grants of Plan-Based Awards in 2024

|                     |     |          |         |     |       |         |     | Estimated Future         
 Payouts under Non-Equity 
 Incentive