Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 198

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 198
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 Item 402(t) of the SEC’s Regulation S-Kregarding compensation for each named executive officer of ESSA that is based on, or otherwise relates to, the merger. This compensation is referred to as “golden parachute” compensation by the applicable SEC disclosure rules, and in this section such term is used to describe the merger-related compensation payable to ESSA’s named executive officers. The “golden parachute” compensation payable to these individuals is subject to a non-bindingadvisory vote of holders of ESSA common stock, as described in the section entitled “ESSA Proposal 2—Merger-Related Executive Compensation” beginning on page 154. The table below sets forth, for the purposes of this golden parachute disclosure, the amount of payments and benefits (on a pre-taxbasis) that each of ESSA’s named executive officers would receive, using the following assumptions:

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| • |     | a price per share of ESSA common stock of $19.59 (the average closing market price of ESSA common stock over the first five business days following the public announcement of the merger beginning on January 13, 2025). |

The calculations in the table do not include amounts that ESSA’s named executive officers were already entitled to receive or were already vested in as of the date of this Joint Proxy Statement/Prospectus. The calculations in the table do not attempt to forecast any additional cash incentive awards, equity award grants, or forfeitures that may occur prior to the completion of the merger. As a result of the foregoing assumptions, which may or may not actually occur or be accurate on the relevant date, including the assumptions described in the footnotes to the table, the actual amounts, if any, to be received by a named executive officer may materially differ from the amounts set forth below.

| Name              |     | Cash   
 ($)(1) |           |     | Equity 
 ($)(2) |         |     | Total 
 ($)   |           |
| Gary S. Olson     |     |        | 4,065,833 |     |        | 283,330 |     |       | 4,349,163 |
| Peter A. Gray     |     |        | 1,914,410 |     |        | 141,675 |     |       | 2,056,085 |
| Charles D. Hangen |     |        | 1,724,141 |     |        | 141,675 |