Greslick Richard Lee Jr. 4
4 · CNB FINANCIAL CORP/PA · Filed Feb 15, 2022
Insider Transaction Report
Form 4
Greslick Richard Lee Jr.
Senior Vice President
Transactions
- Tax Payment
common stock
2022-02-15$26.71/sh−667$17,816→ 24,890.62 total - Award
common stock
2022-02-15$26.71/sh+1,794$47,918→ 25,557.62 total
Holdings
- 2,000
Depositary shares
- 7,407.15
phantom stock
→ common stock (7,407.15 underlying)
Footnotes (4)
- [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]Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the Performance Award.
- [F3]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.
- [F4]Each share of phantom stock is the economic equivalent of one share of common stock. The phantom shares become payable upon termination of service.