Company: CCNE
Filing Date: 2025-02-20
Form Type: S-4
Source: 0001193125-25-030821
Chunk: 136

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-02-20
Form: S-4
Chunk 136
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. Lima which was frozen as of September 30, 2023. Mr. Lima became fully vested as of this date. |

| (8) | The meaning of the term “cause” will be specific to the applicable Employment Contract, SERP, Defined Contribution Plan, 2019 Incentive Plan, or the applicable award agreement thereunder. |

| (9) | The meaning of the term “disability” will be specific to the applicable Employment Contract, SERP, Defined Contribution Plan, 2019 Incentive Plan, or the applicable award agreement thereunder. |

Executive Compensation and Personnel Committee Interlocks and Insider Participation The members of the ECC are Messrs. Obi (Committee Chairperson), Powell, Scott and Straub, and Ms. Young. No person who served as a member of the ECC during 2024, including, prior to his retirement, Mr. Smith, was a current or former officer or employee of CNB or any of its subsidiaries or, except as disclosed below, engaged in certain transactions with CNB required to be disclosed by regulations of the SEC. Additionally, there were no compensation committee “interlocks” during 2024, which generally means that no executive officer of CNB served as a director or member of the compensation committee of another entity, one of whose executive officers served as a director or member of the ECC. 101

CNB CEO PAY RATIO As required by Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(u) of Regulation S-K,CNB is providing the following information about the relationship of the median of the annual total compensation of its employees and the annual total compensation of Mr. Peduzzi, CNB’s CEO, as of December 31, 2024. As of December 31, 2024, CNB’s most recently completed fiscal year, the annual total compensation of CNB’s median employee was $52,904 and the annual total compensation of CNB’s CEO, as reported in the “Summary Compensation Table” included in this joint proxy statement/prospectus, was $1,199,951. As a result, the annual total compensation of CNB’s CEO was 23 times that of the median employee. To identify the median employee, as well as to determine the annual total compensation of the median employee and CEO, CNB took the following steps:

| 2. | To identify the “median employee” from the employee population, CNB compared the