Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 120

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 120
---
, awarded, or granted and would therefore not result in the recoupment of any compensation under CNB’s clawback policy. Insider Trading and Reporting Compliance Policy The CNB Board of Directors has adoptedan Insider Trading and Reporting Compliance Policy that governs the purchase, sale, and/or other disposition of CNB’s securities by directors, officers, and employees. The Insider Trading and Reporting Compliance Policy is reasonably designed to promote compliance with insider trading laws, rules, and regulations, and NASDAQ listing standards. Transactions by CNB in its own securities are monitored by external legal counsel for compliance with applicable securities laws. A copy of CNB’s Insider Trading and Reporting Compliance Policy will be filed as Exhibit 19.1 to CNB’s Annual Report on Form 10-Kfor the year ended December 31, 2024. 83

Reducing the Possibility of Excess Risk-Taking The ECC has determined that the risks arising from the compensation policies and practices for executives of CNB are not reasonably likely to have a material adverse effect on CNB as a whole. Several features of CNB’s cash and stock-based incentive program reduce the likelihood of excessive risk-taking:

| • |     | The program design provides a balanced mix of cash and equity, and annual (short-term) and long-term incentives. |

| • |     | The ECC and the CNB Board of Directors set performance goals that they believe are reasonable in light of past performance and market conditions. |

| • |     | Both absolute performance goals and relative performance goals are included in the incentive programs in order to appropriately balance risk/reward when developing strategic goals. |

| • |     | CNB’s annual incentive program limits individual payout amounts to 150% of the target payout amounts. |

| • |     | CNB has a clawback policy that allows for the recoupment of any cash and/or equity annual or long-term incentive compensation payouts following certain triggering events. |

| • |     | The NEOs are subject to stock ownership guidelines, as discussed above, which CNB believes support greater alignment of the NEOs’ interests with the interests of its shareholders. |

| • |     | CNB uses restricted stock instead of stock options because restricted stock retains value even in a depressed market and NEOs will be less likely to take unreasonable risks to get, or keep, options “in-the-money.” |

| • |     | The ECC has downward discretion over the annual incentive program and long-term incentive payouts. |

| • |     | For compensation benchmark