Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 82

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 82
---
 responsible for overseeing the assessment and management of enterprise-level risks that may impact CNB. The Audit Committee has primary responsibility for overseeing risk management, including oversight of risks from cybersecurity threats. The boards of directors of CNB and CNB Bank have also established an IT Committee, consisting of at least three independent directors, along with non-votingmembers from management, including the President and CEO, the Chief Financial Officer, the Chief Information Technology & Security Officer, the Senior Vice President of Operations, the Vice President of Information Technology, and the Vice President of Information Security. The IT Committee assists the boards of directors of CNB and CNB Bank in fulfilling their respective governance responsibilities for CNB’s information technology and related data security infrastructure under relevant regulatory safety and soundness requirements. Management reports on cybersecurity matters regularly to the CNB Board of Directors, primarily through the Audit Committee and IT Committee, including an annual report regarding specific risks and mitigation efforts within CNB Bank and a three-yearcybersecurity threat assessment conducted by third-party experts. In addition, cybersecurity training is provided to the full CNB Board of Directors to educate directors on the current cyber threat environment and measures companies can take to mitigate risk and impact of cyber attacks. Several members of the CNB Board of Directors, including the Chairperson of the Audit Committee, also have cybersecurity experience. Please see CNB’s Annual Report on Form 10-Kfor the year ended December 31, 2023 for more information on CNB’s processes and procedures for addressing and managing cybersecurity risks. 53

COMPENSATION OF CNB DIRECTORS

The ECC believes appropriate compensation is critical to attracting, retaining, and motivating the CNB Board of Directors. The ECC is responsible for
reviewing and recommending the director’s compensation to the CNB Board of Directors. The ECC regularly reviews director fees for non-employee directors and considers market analyses provided by the
compensation consultant.

Stock Ownership Policy

The CNB Board of Directors believes that directors must have a meaningful ownership of CNB to further align their interests and actions with the interests of
CNB’s shareholders. CNB’s bylaws provide that any director, upon first being appointed or elected to serve as a director, must own the lesser of 1,000 unencumbered shares of CNB common stock or the number of shares equivalent to $15,000 of
market value as of the date of the appointment or election. The CNB Board of Directors has adopted stock ownership guidelines (the “Director Stock Ownership Guidelines”) for CNB and