CNB Financial (CCNE) EVP gets performance stock, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CNB Financial Corporation executive Robin Mink reported a mix of equity award and tax-related share disposition. Mink received a grant of 445 shares of common stock at $27.70 per share under the 2019 Stock Incentive Plan, based on a three-year performance period. To cover tax withholding on this performance stock award, 144 shares were surrendered back to the company at $27.70 per share. After these transactions, Mink directly owned 6,737.18 common shares and indirectly held 3,039.297 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 144 shares ($3,989)
Net Sell
3 txns
Insider
Mink Robin
Role
EVP/Chief TM Officer
Sold
144 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 445 | $27.70 | $12K |
| Sale | Common Stock | 144 | $27.70 | $4K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,881.18 shares (Direct);
Common Stock — 3,039.297 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 insider transactions did CCNE executive Robin Mink report on this Form 4?
Robin Mink reported receiving a grant of 445 CNB Financial common shares and surrendering 144 shares back to the company for tax withholding, all at $27.70 per share, resulting in updated direct and indirect ownership balances.