CNB Financial (CCNE) executive compensation, 2026 proxy

Michael D. Peduzzi, President and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank, was paid $1.5M in 2025, up 25% from $1.2M the year before. The CEO-to-median-employee pay ratio was 27:1, on median employee pay of $55,509.

Filed
March 16, 2026
Annual meeting
April 21, 2026
Pay year
2025
Named executives
5
CEO total pay
$1.5M+25% vs prior year
CEO to median employee
27:1median $55,509
CEO pay in equity
18%$270,672 in awards
Prior say-on-pay support
95%of votes cast
2025 CEO Total Compensation
$1,500,484Increased from prior year total
CEO Pay Ratio
27:1Based on median employee pay of $55,509
Say-on-Pay Support
94.6%Approval at previous annual meeting
Total Employees
948Included ESSA acquisition personnel

How Peduzzi was paid

$1.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary44%Bonus4%Stock awards18%Non-equity incentive21%Pension and deferred comp11%All other compensation2%

Named executive officers

ExecutiveTotal
Michael D. PeduzziPresident and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank$1,500,484
Tito L. LimaChief Financial Officer and Treasurer of CNB; Senior Executive Vice President and Chief Financial Officer of CNB Bank$927,573
Martin T. GriffithSenior Executive Vice President and Chief Revenue Officer of CNB Bank$968,421
Michael J. NoahExecutive Vice President, Chief Operating Officer of CNB Bank$617,885
Angela D. WilcoxsonExecutive Vice President, Chief Commercial Banking Officer of CNB Bank$583,330

What changed and why

  • $1.5MMichael D. Peduzzi received total compensation of $1,500,484 for fiscal year 2025.
  • Bonuses included specific merger-related awards for efforts connected to the ESSA acquisition completed in 2025.
  • Performance-based restricted stock awards were granted to all named executive officers under the 2025 Omnibus Incentive Plan.
  • 94.6%Shareholder support for the advisory say-on-pay vote reached 94.6% at the prior annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.