[Form 4] CNB FINANCIAL CORP/PA Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Dixon Gregory M
Role
EVP/Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,113 | $27.70 | $31K |
| holding | Common Stock | -- | -- | -- |
| holding | Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,873.438 shares (Direct);
Common Stock — 7,767.989 shares (Indirect, By 401k Plan);
Depositary Shares — 1,000 shares (Direct)
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. 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
What insider transaction did CCNE executive Gregory M. Dixon report?
Gregory M. Dixon reported receiving 1,113 shares of CNB Financial common stock as a grant. The shares were awarded under the 2019 Stock Incentive Plan, converting performance units into stock based on the company’s three-year performance period.
What indirect CCNE holdings does Gregory M. Dixon report through a 401(k) plan?
Gregory M. Dixon reports indirect ownership of 7,767.989 CNB Financial common shares through a 401(k) plan. These shares are classified as indirect because they are held in a retirement account rather than directly in his personal brokerage or individual name.
How was the CCNE stock award to Gregory M. Dixon determined?
The CCNE stock award was issued under the 2019 Stock Incentive Plan, which converts performance units into common shares. The number of shares, 1,113, was based on CNB Financial’s performance over a designated three-year performance period set by the plan.