Company: CCNE
Filing Date: 2025-03-05
Form Type: 424B3
Source: 0001193125-25-047258
Chunk: 205

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-05
Form: 424B3
Chunk 205
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 will be entitled to receive any dividend or other distribution, without interest, which had become payable with respect to their CNB common stock. Treatment of ESSA Restricted Stock Awards Pursuant to the merger agreement, any vesting restrictions on each restricted share of ESSA common stock subject to a substantial risk of forfeiture outstanding immediately prior to the effective time of the merger will automatically lapse and all vested restricted stock awards will be exchanged for the merger consideration (less applicable taxes and withholdings and without interest) and will be treated as issued and outstanding shares of ESSA common stock. Treatment of ESSA Performance-Based Cash-Settled Awards Pursuant to the merger agreement, any vesting or other forfeiture restrictions on each ESSA performance-based cash-settled awards outstanding immediately prior to the effective time of the merger will automatically fully vest and be settled in cash (less applicable taxes and withholdings and without interest), with any applicable performance-based vesting condition to be deemed achieved at the greater of the target level of performance or actual annualized performance measured as of the most recent completed fiscal quarter. Representations and Warranties The merger agreement contains representations and warranties made by and to CNB and ESSA. The statements embodied in those representations and warranties were made for purposes of the agreement between CNB and ESSA and are subject to important qualifications and limitations agreed to by CNB and ESSA in connection with negotiating the terms of the merger agreement. In addition, certain representations and warranties were made as of a specified date, may be subject to contractual standards of materiality different from what may be viewed as material to shareholders, or may have been used for the purpose of allocating risk between CNB and ESSA rather than establishing matters as fact. For the foregoing reasons, you should not rely on the representations and warranties as statements of factual information. Third parties are not entitled to the benefits of the representations and warranties in the merger agreement. Each of CNB, CNB Bank, ESSA and ESSA Bank has made representations and warranties to the other regarding, among other things:

| • |     | due organization, good standing and authority; |

| • |     | capitalization; |

| • |     | subsidiaries; |

| • |     | corporate power; |

| • |     | corporate records; |

| • |     | corporate authority; |

| • |     | regulatory approvals and the absence of defaults; |

| • |     | financial statements; |

| • |     | SEC filings