Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 115

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 115
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| (1) | The number of shares granted is determined by the grant value divided by the grant date closing price (which for Mr. Peduzzi was $19.94 (based on a grant date of February 13, 2024) and for the other NEOs was $21.35 (based on a grant date of January 31, 2024)). |

Time-based restricted stock vests in equal increments over three years (e.g., one third of the shares awarded vest per year beginning on the first anniversary of grant). The performance-based restricted stock awards granted in 2024 provide the NEOs with the opportunity to receive between 0% and 150% of the target awards based on CNB’s achievement of the following performance goals during the three-year performance period that began on January 1, 2024 and will end on December 31, 2026. The metrics were selected to reflect performance goals that are aligned with the enhancement of long-term shareholder value.

| Measure                           |     | Weight |     |   |     | Threshold       |     | Target          |     | Stretch                    |
| Relative EPS Growth               |     |        |  50 | % |     | 35th percentile |     | 50th percentile |     | 75th percentile or greater |
| Relative Return on Average Equity |     |        |  50 | % |     | 35th percentile |     | 50th percentile |     | 75th percentile or greater |
| Payout Range (% of Target)        |     |        | 100 | % |     | 50%             |     | 100%            |     | 150%                       |

The performance will be measured against the S&P U.S. Small Cap Banks Index Constituents excluding Thrifts with assets between $2.5 billion and $10 billion as of the first trading day of the performance period (“Performance Comparator Group”). Actual performance between threshold, target and stretch will be interpolated. The performance-based restricted stock will vest after the performance period and when relative performance results are reviewed and approved by the ECC and affirmed by the CNB Board of Directors. Benefits CNB Bank maintains a 401(k) Savings Plan to attract and retain employees and help them meet their retirement goals. NEOs are eligible to participate in the 401(k) Savings Plan and receive matching employer contributions subject to plan and IRS limits. Further information is provided under the section below entitled “Compensation of CNB Executive Officers—Ret