CNB Financial COO granted 519 common shares
CNB Financial Corporation executive Michael J. Noah received a grant of 519 shares of common stock, awarded at $27.70 per share under the company’s 2019 Stock Incentive Plan.
Rhea-AI Filing Summary
CNB Financial Corporation executive Michael J. Noah received a grant of 519 shares of common stock, awarded at $27.70 per share under the company’s 2019 Stock Incentive Plan. This award reflects the conversion of performance units into shares based on the issuer’s performance over a three-year period.
After this grant, he directly holds 9,521.210 common shares, plus 4,135.052 common shares held indirectly through a 401(k) plan. He also directly holds 4,000 depositary shares, each representing a 1/40th interest in a share of 7.125% Series A preferred stock that was purchased in an underwritten public offering.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 519 | $27.70 | $14K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
Footnotes (2)
- F1. These securities were issued to the reporting person pursuant to the CNB Financial Corporation 2019 Stock Incentive Plan, which provided for the conversion of performance units into a number of shares of common stock based on the Issuer's performance over a three year designated performance period.
- F2. Each Depositary Share represents a 1/40th interest in a share of the Issuer's 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, no par value per share. Depositary Shares were purchased in an underwritten public offering.
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