CNB Financial (CCNE) EVP gets stock award, surrenders shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNB Financial Corp EVP Angela D. Wilcoxson reported a stock award and related tax share surrender. She received 1,113 shares of common stock at $27.70 per share under the 2019 Stock Incentive Plan, based on performance over a three-year period. She then surrendered 329 shares to the issuer at $27.70 per share to cover tax withholding on this performance stock award. After these transactions, she holds 10,305.3 shares directly and 3,067.89 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 329 shares ($9,113)
Net Sell
3 txns
Insider
Wilcoxson Angela D.
Role
EVP/Chief Commercial Banking
Sold
329 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,113 | $27.70 | $31K |
| Sale | Common Stock | 329 | $27.70 | $9K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,634.3 shares (Direct);
Common Stock — 3,067.89 shares (Indirect, By 401K Plan)
Footnotes (1)
- 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. Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the Performance Stock Award.
FAQ
What did CCNE executive Angela Wilcoxson report in this Form 4 filing?
Angela Wilcoxson reported a performance-based stock award and a related tax share surrender. She was granted 1,113 shares of CNB Financial common stock, then surrendered 329 shares back to the issuer to satisfy tax withholding obligations tied to that award.
What are Angela Wilcoxson’s CNB Financial (CCNE) holdings after the transactions?
After the reported transactions, Angela Wilcoxson directly owns 10,305.3 CNB Financial common shares. She also indirectly holds 3,067.89 additional shares through a 401(k) plan, reflecting her ongoing equity interest in the company following the award and tax surrender.
How was the CNB Financial (CCNE) stock award to Angela Wilcoxson determined?
The award was issued under CNB Financial’s 2019 Stock Incentive Plan. Performance units were converted into 1,113 shares of common stock based on the issuer’s measured performance over a three-year designated performance period, as described in the Form 4 footnote.