CNB Financial CEO buys 1,000 CCNE shares
CNB Financial Corp/PA President & CEO Michael D. Peduzzi reported an open-market purchase of 1,000 shares of CNB Financial common stock at $30.35 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
CNB Financial Corp/PA President & CEO Michael D. Peduzzi reported an open-market purchase of 1,000 shares of CNB Financial common stock at $30.35 per share. After this transaction, he directly holds 55,318 shares and indirectly holds 2,996.47 shares through a 401K plan, reflecting updated plan statement balances.
Insider Trade Summary
Net Buyer: 1,000 shares
Net Buy
1 txn
Insider
Peduzzi Michael D
Role
President & CEO
Bought
1,000 shs ($30K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $30.35 | $30K |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,318 shares (Direct);
Common Stock — 2,996.47 shares (Indirect, By 401K Plan)
Footnotes (1)
- F1. The amount of securities beneficially owned have been adjusted to reflect the latest 401K plan statement.
Key Figures
Open-market purchase: 1,000 shares
Purchase price: $30.35 per share
Direct holdings after transaction: 55,318 shares
+2 more
5 metrics
Open-market purchase
1,000 shares
Common Stock bought on 2026-04-24
Purchase price
$30.35 per share
Price for 1,000-share open-market buy
Direct holdings after transaction
55,318 shares
Common Stock directly owned post-transaction
401K plan holdings
2,996.47 shares
Indirect ownership via 401K plan after latest statement
Net share change (buy/sell)
1,000 shares
Net-buy across reported transactions
Key Terms
open-market purchase, beneficially owned, 401K plan
3 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially owned financial
"The amount of securities beneficially owned have been adjusted"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
401K plan financial
"adjusted to reflect the latest 401K plan statement"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CCNE CEO Michael Peduzzi report?
Michael D. Peduzzi reported buying 1,000 shares of CNB Financial common stock in an open-market transaction at $30.35 per share. This filing also updates his 401K plan holdings, giving investors a clearer view of his current share ownership.
What does the 401K plan adjustment mean for CCNE insider holdings?
The filing notes that beneficially owned securities were adjusted to reflect the latest 401K plan statement, resulting in 2,996.47 indirectly held shares. This adjustment updates the recorded balance and does not represent a new market trade or option exercise.
How large is the CCNE CEO’s new stock purchase compared to his existing holdings?
The CEO acquired 1,000 additional shares versus a direct post-transaction holding of 55,318 shares. This indicates a relatively small incremental purchase, while still increasing his overall economic exposure to CNB Financial through directly owned common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
