Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 119

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 119
---
permanent loan segment classification. These revisions had no impact on CNB’s net income, balance sheet or cash flows. The ECC reviewed the revisions in accordance with CNB’s clawback policy and determined that the revisions did not affect
any incentive compensation approved, 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 adopted an 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-K for 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