CNB Financial Corporation (NASDAQ: CCNE) reported insider activity involving Senior Executive Vice President and Chief Revenue Officer Martin T. Griffith on February 23, 2026. On that date Griffith sold 535 shares of the bank's common stock at $27.70 per share, resulting in gross proceeds of $14,819.
The sale price of $27.70 was below the company's then-current quote of $28.96 per share, and shares of CNB Financial have returned 22% over the last 12 months.
Also on February 23, 2026, Griffith received 1,485 shares of common stock valued at $41,134. Those shares were issued pursuant to the CNB Financial Corporation 2019 Stock Incentive Plan. The grant reflects conversion of performance units into common shares, based on CNB Financial's measured results over the three-year performance period specified by the plan.
After completing the sale, Griffith's direct ownership stands at 16,897 shares of CNB Financial. In addition to his direct stake, he is reported as indirectly holding 4,928.544 shares through a 401(k) plan and 3,637 depositary shares.
Market commentary included in the filing references InvestingPro analysis, which indicates CCNE is trading above its Fair Value. The analysis also notes CNB Financial offers a 2.54% dividend yield and has maintained dividend payments for 33 consecutive years.
Separately, CNB Financial's Board of Directors declared a quarterly cash dividend of $0.19 per share of common stock. The dividend will be paid to shareholders of record as of February 27, 2026, with the distribution scheduled for March 13, 2026. The board action was presented in the company announcement as part of its capital return program.
The filing and dividend declaration arrived without concurrent releases of other material corporate news in the same disclosure. The company did not report earnings results or updated analyst ratings alongside these items.
Key points
- Insider transaction: SEVP/Chief Revenue Officer Martin T. Griffith sold 535 shares at $27.70 on February 23, 2026 for $14,819 in proceeds and received 1,485 shares worth $41,134 under the 2019 Stock Incentive Plan.
- Ownership: After the sale Griffith directly owns 16,897 shares and indirectly holds 4,928.544 shares via a 401(k) plan plus 3,637 depositary shares.
- Dividend action: The board declared a $0.19 quarterly cash dividend, payable March 13, 2026 to holders of record on February 27, 2026.
Sectors affected
- Banking - the disclosure concerns a regional bank holding company and its capital return policy.
- Financial markets - insider activity and dividend declarations can inform shareholder yield and short-term liquidity considerations.
Risks and uncertainties
- Valuation note: InvestingPro analysis included in the filing states CCNE is trading above its Fair Value, which is a valuation consideration for investors.
- Insider transaction detail: The sale price of $27.70 was below the contemporaneous share price of $28.96, a factual element in the disclosure.
- Limited concurrent disclosures: The filing contains no earnings release or analyst rating updates, so there are no other immediate company-specific catalysts reported alongside the transactions and dividend declaration.
This account presents the transaction and corporate actions as disclosed by the company and in the insider filing. It does not include earnings data or analyst opinions beyond the InvestingPro valuation note referenced in the filing.