Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 101

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 101
---
-voteswill have no effect on the outcome of the CNB incentive plan proposal. Recommendation of the CNB Board of Directors THE CNB BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE CNB INCENTIVE PLAN PROPOSAL. 65

<div align='center'>**CNB PROPOSAL 4 – THE SAY-ON-PAY PROPOSAL**</div>

**The Dodd-Frank Wall Street Reform and Consumer Protection Act added Section 14A to the Exchange Act, which requires that CNB provide its shareholders with the opportunity to approve, on a non-binding advisory basis, the compensation of its named executive officers (the “NEOs”) as disclosed in this joint proxy statement/prospectus in accordance with the compensation disclosure rules of the SEC.

As described in greater detail under the section entitled “CNB Compensation Discussion and Analysis” beginning on page 70, CNB seeks to align the interests of its NEOs with the interests of its shareholders. CNB’s executive compensation programs are designed to reward its NEOs for the achievement of short-term results and long-term growth that are consistent with enhancing shareholder value, while at the same time discouraging unnecessary or excessive risk-taking.

CNB is presenting the following proposal, which gives CNB shareholders the opportunity to endorse its compensation program for NEOs by voting for or against the following resolution. While the vote on the resolution is advisory in nature and therefore will not bind CNB or the CNB Board of Directors to take any particular action, the CNB Board of Directors intends to carefully consider the shareholder vote resulting from the proposal in making future decisions regarding CNB’s executive compensation program.

“RESOLVED, that the shareholders approve, on an advisory basis, the compensation of CNB’s NEOs, as disclosed in the Compensation Discussion and Analysis, the compensation tables, and the related narrative executive compensation disclosures contained in this joint proxy statement/prospectus.”

Vote Required for Approval

The affirmative vote of a majority of the votes cast on the proposal is required to approve (on a non-binding advisory basis) the CNB say-on-pay proposal. Abstentions and broker non-votes will have no effect on the outcome of the vote.

Recommendation of the CNB Board of Directors

THE CNB BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS A VOTE “FOR” THE CNB SAY-ON-PAY PROPOSAL.**

<div align='center'>66</div>

CNB EXECUTIVE