Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 111

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 111
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B, which may differ from similar positions at peers, as well as the respective NEO’s experience, contribution, and performance. Close to each calendar year end, the ECC meets, reviews and sets each NEO’s base salary for the following calendar year to reflect competitive market conditions, individual experience, expertise and performance. The ECC considers input from CNB’s President and CEO when setting the base salaries of the other NEOs, but is solely responsible for determining the President and CEO’s base salary. In determining the NEO’s base salaries for 2024, the ECC reviewed competitive market data, internal equity and individual performance and contributions. The CEO declined his base salary increase for 2024 as CNB implemented strategies to manage the rate of increase in its core cost base. Other NEOs’ base salary adjustments were made to recognize each respective executive’s performance and contribution and ensure compensation continues to be reasonably in line with market. 75

The 2024 salary adjustments were as follows:

| NEO                 |     | Title                                                        |     | 2023   
 Salary 
 ($)    |         |     | %        
 Increase |    |   |     | 2024   
 Salary 
 ($)    |         |
| Michael D. Peduzzi  |     | President and Chief Executive Officer                        |     |        | 623,000 |     |          |  — | % |     |        | 623,000 |
| Tito L. Lima        |     | Senior Executive V.P., Chief Financial Officer and Treasurer |     |        | 330,044 |     |          |  5 | % |     |        | 348,010 |
| Martin T. Griffith  |     | Senior Executive V.P., Chief Revenue Officer                 |     |        | 351,000 |     |          |  5 | % |     |        | 370,006 |
| Angela D. Wilcoxson |     | Executive V.P., Chief Commercial Banking Officer             |     |        | 310,024 |     |          |  8 | % |     |        | 336,024 |
| Gregory M. Dixon    |     | Executive V.P., Chief Credit Officer                         |     |        | 265,044 |     |          | 10 | % |     |        | 292,006 |

Annual Incentives The primary objective of CNB’s annual incentive program is to motivate and reward employees for achieving performance goals that support its strategic plan. The annual incentive plan (the “In