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CNB Financial (CCNE) director adds 1,805 shares through 2025 dividend reinvestment

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CNB Financial Corp director reports dividend reinvestment share acquisition

Director Obi N. Michael reported acquiring 1,805 shares of CNB Financial Corp common stock on January 30, 2026 at $27.70 per share. The filing explains these shares were accumulated through the company’s Dividend Reinvestment Plan during 2025. Following this transaction, Michael beneficially owned a total of 9,388.48 shares held directly.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Obi N. Michael

(Last) (First) (Middle)
31 S 2ND STREET

(Street)
CLEARFIELD PA 16830

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CNB FINANCIAL CORP/PA [ CCNE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/30/2026 A V 1,805 A $27.7 9,388.48(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Accumulated shares through the Dividend Reinvestment Plan in 2025
Remarks:
/s/ Jessica A. Zupich, Attorney-in-Fact 02/02/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CNB Financial Corp (CCNE) director Obi N. Michael report on this Form 4?

Director Obi N. Michael reported acquiring 1,805 CNB Financial Corp common shares. These were accumulated through the Dividend Reinvestment Plan during 2025 and formally reported as of January 30, 2026, increasing his directly held beneficial ownership to 9,388.48 shares.

At what price were the new CNB Financial Corp (CCNE) shares reported on the Form 4?

The 1,805 CNB Financial Corp shares were reported at a transaction price of $27.70 per share. This price reflects the value used for the Form 4 disclosure, tied to shares accumulated through the company’s Dividend Reinvestment Plan during 2025.

How many CNB Financial Corp (CCNE) shares does Obi N. Michael own after this transaction?

After the reported acquisition, Obi N. Michael beneficially owns 9,388.48 CNB Financial Corp common shares. This total includes the 1,805 shares accumulated through the Dividend Reinvestment Plan in 2025 and is listed as directly held ownership in the filing.

What is the source of the shares reported on Obi N. Michael’s CNB Financial Corp (CCNE) Form 4?

The filing states the shares were accumulated through the Dividend Reinvestment Plan in 2025. This means cash dividends on existing CNB Financial Corp holdings were automatically reinvested in additional common shares rather than being paid out in cash.

Is the CNB Financial Corp (CCNE) Form 4 transaction classified as an acquisition or disposition?

The transaction is classified as an acquisition, shown with transaction code “A” for 1,805 common shares. The ownership form is marked as direct, indicating the shares are held in the director’s name rather than through an intermediary entity.

Does the CNB Financial Corp (CCNE) Form 4 indicate indirect ownership or special control arrangements?

The Form 4 lists the 9,388.48 shares as directly owned, with the ownership form marked “D” and no nature-of-ownership footnote describing trusts or entities. The only footnote explains the shares were accumulated through the Dividend Reinvestment Plan in 2025.
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