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[8-K] CNB Financial Corp/PA Reports Material Event

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(Neutral)
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8-K
Rhea-AI Filing Summary

Form 4 filing summary for Taylor Morrison Home Corp. (TMHC): Director Christopher J. Yip reported the acquisition of 387 deferred stock units (DSUs) on 06/30/2025. Each DSU is economically equivalent to one share of TMHC common stock and was received under the company’s Non-Employee Director Deferred Compensation Plan as an election to defer cash retainer and committee fees. The transaction is coded “A,� signifying an award and not an open-market purchase.

After the transaction, Yip’s aggregate holding stands at 14,664 DSUs. The units will settle in common shares upon the earlier of (i) 01-Sep-2027, (ii) the director’s separation from the board, or (iii) a change of control. No common-stock sales or purchases were reported, and no cash price was involved.

The award is relatively small in size and routine in nature, providing limited insights into the company’s near-term fundamentals or insider sentiment beyond ongoing board-level equity alignment.

Riepilogo della comunicazione Form 4 per Taylor Morrison Home Corp. (TMHC): Il direttore Christopher J. Yip ha segnalato l'acquisizione di 387 unità azionarie differite (DSU) il 30/06/2025. Ogni DSU equivale economicamente a una azione ordinaria di TMHC ed è stata ricevuta nell'ambito del piano di compensazione differita per direttori non dipendenti, come scelta di differire il compenso in contanti e le commissioni di comitato. La transazione è contrassegnata con il codice “A�, che indica un premio e non un acquisto sul mercato aperto.

Dopo la transazione, la posizione complessiva di Yip ammonta a 14.664 DSU. Le unità saranno convertite in azioni ordinarie al verificarsi della prima delle seguenti condizioni: (i) 01-set-2027, (ii) la separazione del direttore dal consiglio, o (iii) un cambio di controllo. Non sono state segnalate vendite o acquisti di azioni ordinarie né è stato coinvolto alcun prezzo in contanti.

Il premio è di dimensioni relativamente contenute e di natura routinaria, offrendo informazioni limitate sui fondamentali a breve termine della società o sul sentiment interno, se non per il continuo allineamento azionario a livello di consiglio.

Resumen de presentación del Formulario 4 para Taylor Morrison Home Corp. (TMHC): El director Christopher J. Yip informó la adquisición de 387 unidades de acciones diferidas (DSUs) el 30/06/2025. Cada DSU equivale económicamente a una acción común de TMHC y fue recibida bajo el Plan de Compensación Diferida para Directores No Empleados de la empresa, como una elección para diferir el pago en efectivo y las tarifas de comité. La transacción está codificada como “A�, lo que indica que es un premio y no una compra en el mercado abierto.

Después de la transacción, la tenencia total de Yip es de 14,664 DSUs. Las unidades se liquidarán en acciones comunes en la primera de las siguientes fechas: (i) 01-sep-2027, (ii) la separación del director de la junta, o (iii) un cambio de control. No se reportaron ventas o compras de acciones comunes ni se involucró precio en efectivo.

El premio es relativamente pequeño y de carácter rutinario, proporcionando información limitada sobre los fundamentos a corto plazo de la empresa o el sentimiento interno más allá del alineamiento continuo de acciones a nivel del consejo.

Taylor Morrison Home Corp. (TMHC)� Form 4 제출 요약: 이사 Christopher J. Yip은 2025� 6� 30일에 387개의 이연 주식 단위(DSU)� 취득했다� 보고했습니다. � DSU� TMHC 보통� 1주와 경제적으� 동일하며, 회사� 비임� 이사 이연 보상 계획 하에 현금 보수 � 위원� 수수료를 이연하기 위한 선택으로 지급되었습니다. 거래� 'A' 코드� 표시되어 보상이며 공개 시장 구매가 아님� 나타냅니�.

거래 � Yip� � 보유량은 14,664 DSU입니�. � 단위들은 (i) 2027� 9� 1�, (ii) 이사� 이사� 퇴임 �, 또는 (iii) 경영� 변� 시점 � 빠른 시점� 보통주로 정산됩니�. 보통� 매매� 보고되지 않았으며 현금 가격도 포함되지 않았습니�.

이번 보상은 규모가 비교� 작고 일상적인 성격으로, 단기적인 회사� 기본 사항이나 내부자의 심리� 파악하기에는 제한적인 정보� 제공합니�. 다만 이사� 수준에서 주식 정렬� 지속되� 있음� 보여줍니�.

Résumé du dépôt du formulaire 4 pour Taylor Morrison Home Corp. (TMHC) : Le directeur Christopher J. Yip a déclaré l'acquisition de 387 unités d'actions différées (DSU) le 30/06/2025. Chaque DSU équivaut économiquement à une action ordinaire de TMHC et a été reçue dans le cadre du Plan de compensation différée pour administrateurs non salariés, en choisissant de différer la rémunération en espèces et les frais de comité. La transaction est codée « A », indiquant une attribution et non un achat sur le marché libre.

Après la transaction, la détention totale de Yip s'élève à 14 664 DSU. Ces unités seront réglées en actions ordinaires à la première des dates suivantes : (i) 01-sept-2027, (ii) la séparation de l'administrateur du conseil, ou (iii) un changement de contrôle. Aucune vente ou achat d'actions ordinaires n'a été signalée, et aucun prix en espèces n'a été impliqué.

Cette attribution est relativement modeste et de nature routinière, fournissant peu d'informations sur les fondamentaux à court terme de l'entreprise ou le sentiment des initiés, hormis un alignement continu des actions au niveau du conseil d'administration.

Zusammenfassung der Form 4-Meldung für Taylor Morrison Home Corp. (TMHC): Direktor Christopher J. Yip meldete den Erwerb von 387 aufgeschobenen Aktienanteilen (DSUs) am 30.06.2025. Jede DSU entspricht wirtschaftlich einer TMHC-Stammaktie und wurde im Rahmen des Nicht-Geschäftsführer-Direktor-Vergütungsplans des Unternehmens als Wahl zur Aufschiebung von Barvergütungen und Ausschussgebühren erhalten. Die Transaktion ist mit dem Code „A� gekennzeichnet, was eine Zuwendung und keinen Kauf am offenen Markt bedeutet.

Nach der Transaktion hält Yip insgesamt 14.664 DSUs. Die Einheiten werden bei dem zuerst eintretenden Ereignis in Stammaktien umgewandelt: (i) 01.09.2027, (ii) Ausscheiden des Direktors aus dem Vorstand oder (iii) Kontrollwechsel. Es wurden keine Verkäufe oder Käufe von Stammaktien gemeldet, und es war kein Barpreis beteiligt.

Die Zuwendung ist relativ klein und routinemäßig, bietet daher nur begrenzte Einblicke in die kurzfristigen Fundamentaldaten des Unternehmens oder die Insiderstimmung, abgesehen von der fortlaufenden aktienbasierten Ausrichtung auf Vorstandsebene.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director DSU award; negligible financial impact, neutral signal.

This Form 4 discloses that Director Christopher Yip added 387 DSUs—about 0.002 % of TMHC’s ~119 million basic shares outstanding—via deferred compensation. The grant increases his total deferred equity to 14,664 units, reinforcing long-term alignment but lacking material size to influence valuation or liquidity. Because the DSUs vest automatically on separation or 09/01/2027, the award neither alters cash flow nor indicates an active bullish stance through open-market buying. In my view, the filing is neutral for investors and does not change the core investment thesis.

Riepilogo della comunicazione Form 4 per Taylor Morrison Home Corp. (TMHC): Il direttore Christopher J. Yip ha segnalato l'acquisizione di 387 unità azionarie differite (DSU) il 30/06/2025. Ogni DSU equivale economicamente a una azione ordinaria di TMHC ed è stata ricevuta nell'ambito del piano di compensazione differita per direttori non dipendenti, come scelta di differire il compenso in contanti e le commissioni di comitato. La transazione è contrassegnata con il codice “A�, che indica un premio e non un acquisto sul mercato aperto.

Dopo la transazione, la posizione complessiva di Yip ammonta a 14.664 DSU. Le unità saranno convertite in azioni ordinarie al verificarsi della prima delle seguenti condizioni: (i) 01-set-2027, (ii) la separazione del direttore dal consiglio, o (iii) un cambio di controllo. Non sono state segnalate vendite o acquisti di azioni ordinarie né è stato coinvolto alcun prezzo in contanti.

Il premio è di dimensioni relativamente contenute e di natura routinaria, offrendo informazioni limitate sui fondamentali a breve termine della società o sul sentiment interno, se non per il continuo allineamento azionario a livello di consiglio.

Resumen de presentación del Formulario 4 para Taylor Morrison Home Corp. (TMHC): El director Christopher J. Yip informó la adquisición de 387 unidades de acciones diferidas (DSUs) el 30/06/2025. Cada DSU equivale económicamente a una acción común de TMHC y fue recibida bajo el Plan de Compensación Diferida para Directores No Empleados de la empresa, como una elección para diferir el pago en efectivo y las tarifas de comité. La transacción está codificada como “A�, lo que indica que es un premio y no una compra en el mercado abierto.

Después de la transacción, la tenencia total de Yip es de 14,664 DSUs. Las unidades se liquidarán en acciones comunes en la primera de las siguientes fechas: (i) 01-sep-2027, (ii) la separación del director de la junta, o (iii) un cambio de control. No se reportaron ventas o compras de acciones comunes ni se involucró precio en efectivo.

El premio es relativamente pequeño y de carácter rutinario, proporcionando información limitada sobre los fundamentos a corto plazo de la empresa o el sentimiento interno más allá del alineamiento continuo de acciones a nivel del consejo.

Taylor Morrison Home Corp. (TMHC)� Form 4 제출 요약: 이사 Christopher J. Yip은 2025� 6� 30일에 387개의 이연 주식 단위(DSU)� 취득했다� 보고했습니다. � DSU� TMHC 보통� 1주와 경제적으� 동일하며, 회사� 비임� 이사 이연 보상 계획 하에 현금 보수 � 위원� 수수료를 이연하기 위한 선택으로 지급되었습니다. 거래� 'A' 코드� 표시되어 보상이며 공개 시장 구매가 아님� 나타냅니�.

거래 � Yip� � 보유량은 14,664 DSU입니�. � 단위들은 (i) 2027� 9� 1�, (ii) 이사� 이사� 퇴임 �, 또는 (iii) 경영� 변� 시점 � 빠른 시점� 보통주로 정산됩니�. 보통� 매매� 보고되지 않았으며 현금 가격도 포함되지 않았습니�.

이번 보상은 규모가 비교� 작고 일상적인 성격으로, 단기적인 회사� 기본 사항이나 내부자의 심리� 파악하기에는 제한적인 정보� 제공합니�. 다만 이사� 수준에서 주식 정렬� 지속되� 있음� 보여줍니�.

Résumé du dépôt du formulaire 4 pour Taylor Morrison Home Corp. (TMHC) : Le directeur Christopher J. Yip a déclaré l'acquisition de 387 unités d'actions différées (DSU) le 30/06/2025. Chaque DSU équivaut économiquement à une action ordinaire de TMHC et a été reçue dans le cadre du Plan de compensation différée pour administrateurs non salariés, en choisissant de différer la rémunération en espèces et les frais de comité. La transaction est codée « A », indiquant une attribution et non un achat sur le marché libre.

Après la transaction, la détention totale de Yip s'élève à 14 664 DSU. Ces unités seront réglées en actions ordinaires à la première des dates suivantes : (i) 01-sept-2027, (ii) la séparation de l'administrateur du conseil, ou (iii) un changement de contrôle. Aucune vente ou achat d'actions ordinaires n'a été signalée, et aucun prix en espèces n'a été impliqué.

Cette attribution est relativement modeste et de nature routinière, fournissant peu d'informations sur les fondamentaux à court terme de l'entreprise ou le sentiment des initiés, hormis un alignement continu des actions au niveau du conseil d'administration.

Zusammenfassung der Form 4-Meldung für Taylor Morrison Home Corp. (TMHC): Direktor Christopher J. Yip meldete den Erwerb von 387 aufgeschobenen Aktienanteilen (DSUs) am 30.06.2025. Jede DSU entspricht wirtschaftlich einer TMHC-Stammaktie und wurde im Rahmen des Nicht-Geschäftsführer-Direktor-Vergütungsplans des Unternehmens als Wahl zur Aufschiebung von Barvergütungen und Ausschussgebühren erhalten. Die Transaktion ist mit dem Code „A� gekennzeichnet, was eine Zuwendung und keinen Kauf am offenen Markt bedeutet.

Nach der Transaktion hält Yip insgesamt 14.664 DSUs. Die Einheiten werden bei dem zuerst eintretenden Ereignis in Stammaktien umgewandelt: (i) 01.09.2027, (ii) Ausscheiden des Direktors aus dem Vorstand oder (iii) Kontrollwechsel. Es wurden keine Verkäufe oder Käufe von Stammaktien gemeldet, und es war kein Barpreis beteiligt.

Die Zuwendung ist relativ klein und routinemäßig, bietet daher nur begrenzte Einblicke in die kurzfristigen Fundamentaldaten des Unternehmens oder die Insiderstimmung, abgesehen von der fortlaufenden aktienbasierten Ausrichtung auf Vorstandsebene.

CNB FINANCIAL CORP/PA false 0000736772 0000736772 2025-06-23 2025-06-23 0000736772 us-gaap:CommonStockMember 2025-06-23 2025-06-23 0000736772 us-gaap:SeriesAPreferredStockMember 2025-06-23 2025-06-23
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 23, 2025

 

 

CNB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

Pennsylvania   001-39472   25-1450605

(State or other jurisdiction of

incorporation or organization)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

1 South Second Street

PO Box 42

Clearfield, Pennsylvania 16830

(Address of principal executive offices, zip code)

Registrant’s telephone number, including area code: (814) 765-9621

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol

 

Name of each exchange
on which registered

Common Stock, no par value   CCNE   The NASDAQ Stock Market LLC
Depositary Shares (each representing a 1/40th interest in a share of 7.125% Series A Non-Cumulative, Perpetual Preferred Stock)   CCNEP   The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01. Other Events

On June 23, 2025, CNB Financial Corporation (the “Company”) received acknowledgement from the Federal Reserve Bank of Philadelphia (the “Federal Reserve Bank”) of the Company’s 2025 Common Share Repurchase Program (the “Plan”). The Company’s Board of Directors previously approved the Plan, subject to the Federal Reserve Bank’s response, authorizing the repurchase from time to time by the Company of up to 500,000 shares of the Company’s common stock, no par value per share (the “Common Stock”), provided that the aggregate purchase price of shares of Common Stock repurchased does not exceed $15,000,000. Pursuant to the Plan, repurchases of Common Stock, if any, are authorized to be made during the period beginning on June 23, 2025 (the date on which the Company received acknowledgement from the Federal Reserve Bank) through and including June 10, 2026 through open market purchases, privately negotiated transactions or in such other manner as will comply with the provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, subject to compliance with any material agreement to which the Company is a party. Depending on market conditions and other factors, these repurchases may be commenced or suspended without prior notice.

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    CNB FINANCIAL CORPORATION
Date: July 1, 2025     By:  

/s/ Tito L. Lima

      Tito L. Lima
      Treasurer

FAQ

How many shares did TMHC director Christopher Yip acquire?

He acquired 387 deferred stock units, each convertible into one common share.

What is the total TMHC equity holding of Christopher Yip after the transaction?

His aggregate holding rose to 14,664 deferred stock units.

Was the transaction an open-market purchase of TMHC stock?

No. The DSUs were granted under the Non-Employee Director Deferred Compensation Plan and involve no cash purchase.

When will the deferred stock units convert into TMHC common shares?

They convert upon the earliest of September 1, 2027, Yip’s board departure, or a change in control.

Does the filing indicate positive or negative insider sentiment toward TMHC?

The transaction is routine compensation and neutral; it does not strongly signal bullish or bearish sentiment.
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