CNB FINANCIAL CORP/PA Insider Trading Activity
CNB Financial Corporation Executive Vice President and Chief Credit Officer Gregory M. Dixon received a grant of 1,113 shares of common stock at $27.70 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
CNB Financial Corporation Executive Vice President and Chief Credit Officer Gregory M. Dixon received a grant of 1,113 shares of common stock at $27.70 per share. The award was issued under the 2019 Stock Incentive Plan, which converts performance units into shares based on the company’s performance over a three-year period.
After this award, Dixon directly holds 19,873.438 shares of common stock and indirectly holds 7,767.989 shares through a 401(k) plan. He also directly holds 1,000 depositary shares, each representing a 1/40th interest in a share of 7.125% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock that was purchased in an underwritten public offering.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,113 | $27.70 | $31K |
| 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.
FAQ
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What insider transaction did CCNE executive Gregory M. Dixon report?
What indirect CCNE holdings does Gregory M. Dixon report through a 401(k) plan?
How was the CCNE stock award to Gregory M. Dixon determined?
AI-generated analysis. How Rhea-AI works. Not financial advice.