Jeffrey S. Powell, who serves on the board of CNB Financial Corp (NASDAQ: CCNE), reported a purchase of company common stock on a Form 4 filed with the Securities and Exchange Commission. The filing discloses that Powell bought 975 shares on January 30, 2026, at a price of $27.28 per share, bringing the outlay for the transaction to $26,598.
Following this acquisition, Powell's direct ownership in CNB Financial totals 137,253 shares of common stock. The Form 4 also records an indirect ownership of 4,000 shares through an account or entity identified as JJ Powell. In addition to these positions, Powell is listed as holding 41,806.2 shares of phantom stock. The filing describes that the phantom stock is payable upon termination of service and is the economic equivalent of common stock.
The filing provides a snapshot of Powell's aggregate economic exposure to CNB Financial, but it does not elaborate on the motives behind the purchase or any specific plans for the shares. The disclosure documents the transaction details and the components of Powell's stake - direct shares, indirect shares, and phantom stock - while leaving the director's rationale unreported.
In a separate corporate action, CNB Financial's Board of Directors declared a quarterly cash dividend of $0.18 per share of common stock. According to the company's press release, the dividend is scheduled to be paid on December 12, 2025, to shareholders of record as of November 28, 2025.
The company characterized the declaration through an official press release. The announcement reiterates the dividend amount, payment date, and record date but does not provide additional commentary about future dividend policy or the specific finances supporting this distribution within the release text.
Together, the Form 4 filing and the board's dividend declaration offer investors concrete, contemporaneous disclosures about insider activity and a current cash return to shareholders. The regulatory filing supplies the exact purchase date, share count, price, and Powell's broader holdings, while the company's press release supplies the dividend terms and timing. The documents do not, however, connect the insider transaction and the dividend decision, nor do they expand on intentions beyond the items expressly reported.