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Cnb Financial Executive Compensation (FY25)

CCNE · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Michael D. Peduzzi
Latest say-on-pay support
=
April 21, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): April 22, 2026
14 filings cited on this page
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320 figures on this page: 310 cited to the filing that reported them, 10 calculated from figures it prints. See the citations

More on Cnb Financial

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Michael D. Peduzzi: $1,199,951 → $1,500,484 (25.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Cnb Financial's chief executive and what were they paid?
Michael D. Peduzzi, President and Chief Executive Officer, received $1,500,484 in total compensation for fiscal 2025. Compared with the $1,199,951 reported for fiscal 2024, Peduzzi's total was 25.0% higher.
What was Cnb Financial's say-on-pay result?
The say-on-pay proposal drew 98.3% of votes cast for or against in favor at the meeting held April 21, 2026 for fiscal 2025.
Which companies are in Cnb Financial's peer group?
The disclosed peer group includes Arrow Financial Corporation, Burke & Herbert Financial Services Corp., Carter Bankshares, Inc., City Holding Company and Civista Bancshares, Inc., among others.
What is Cnb Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 27:1, against median employee compensation of $55,509.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Bower
Former President and Chief Executive Officer of the Corporation; Former Chief Executive Officer of CNB Bank
Departed during or after this year
◇—◇—◇◇◇◇
Michael Peduzzi
President and Chief Executive Officer
◇—◇—◇◇◇◇
Richard Greslick
Secretary of the Corporation; Senior Executive Vice President and Chief Operational Officer of CNB Bank
◇—◇—◇◇◇◇
Tito Lima
Principal Financial Officer and Treasurer of the Corporation; Senior Executive Vice President and Chief Financial Officer of CNB Bank
◇—◇—◇◇◇◇
Martin Griffith
Senior Executive Vice President and Chief Banking Officer of CNB Bank
◇—◇—◇—◇◇
Leanne Kassab
Senior Executive Vice President and Chief Experience Officer
◇—◇—◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Peduzzi
President and Chief Executive Officer
◇—◇—◇◇◇◇
Martin Griffith
Senior Executive Vice President and Chief Banking Officer
◇—◇—◇◇◇◇
Tito Lima
Senior Executive Vice President, Chief Financial Officer and Treasurer
◇—◇—◇◇◇◇
Richard Greslick
Senior Executive Vice President, Chief Operating Officer and Secretary
◇—◇—◇—◇◇
Leanne Kassab
Senior Executive Vice President, Chief Experience Officer and Assistant Secretary
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael Peduzzi
President and Chief Executive Officer of CNB; Chief Executive Officer of CNB Bank
◇—◇—◇◇◇◇
Tito Lima
Chief Financial Officer and Treasurer of CNB; Senior Executive Vice President and Chief Financial Officer of CNB Bank
◇◇◇—◇◇◇◇
Angela Wilcoxson
Executive Vice President, Chief Commercial Banking Officer of CNB Bank
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael D. Peduzzi
President and Chief Executive Officer
◇◇◇—◇◇◇◇
Martin T. Griffith
Senior Executive V.P., Chief Revenue Officer
◇◇◇—◇◇◇◇
Tito L. Lima
Senior Executive V.P., Chief Financial Officer and Treasurer
◇◇◇—◇◇◇◇
Michael J. Noah
Executive V.P., Chief Operating Officer
◇◇◇—◇—◇◇
Angela D. Wilcoxson
Executive V.P., Chief Commercial Banking Officer
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Angela D. WilcoxsonRSU◇——◇——◇
Angela D. WilcoxsonPSU◇◇◇—◇—◇
Martin T. GriffithRSU◇——◇——◇
Martin T. GriffithPSU◇◇◇—◇—◇
Michael D. PeduzziPSU◇◇◇—◇—◇
Michael D. PeduzziRSU◇——◇——◇
Michael J. NoahRSU◇——◇——◇
Michael J. NoahPSU◇◇◇—◇—◇
Tito L. LimaRSU◇——◇——◇
Tito L. LimaPSU◇◇◇—◇—◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Angela WilcoxsonPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Tito LimaRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Martin GriffithRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Michael PeduzziPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Michael NoahPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Angela D. Wilcoxson
Executive Vice President of Commercial Banking · Employment agreement · citing a 2025 filing
Severance multiple◇
Change-in-control multiple◇
Non-compete period◇
Non-solicit period◇
Martin T. Griffith
Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Michael D. Peduzzi
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Michael J. Noah
Executive V.P., Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Tito L. Lima
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeffrey S. Powell
Board chair
◇◇————◇
Michael Obi
◇◇————◇
Peter C. Varischetti
◇◇————◇
Julie Young
◇◇————◇
Nicholas N. Scott
◇◇————◇
Francis X. Straub III
◇◇————◇
Deborah Dick Pontzer
◇◇————◇
Joel E. Peterson
◇◇————◇
Richard B. Seager
◇◇————◇
Gary S. Olson
◇◇————◇
Daniel J. Henning
◇—————◇
Robert C. Selig Jr
◇—————◇
Michael D. Peduzzi served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board equity retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Arrow Financial Corporation AROW
  • Burke & Herbert Financial Services Corp. BHRB
  • Carter Bankshares, Inc. CARE
  • City Holding Company CHCO
  • Civista Bancshares, Inc. CIVB
  • Community Trust Bancorp, Inc. CTBI
  • Farmers National Banc Corp. FMNB
  • Financial Institutions, Inc. FISI
  • Mid Penn Bancorp, Inc. MPB
  • MVB Financial Corp. MVBF
  • Park National Corporation PRK
  • Peoples Bancorp Inc. PEBO
  • Peoples Financial Services Corp. PFIS
  • Premier Financial Corp. PFC
  • Primis Financial Corp. FRST
  • S&T Bancorp, Inc. STBA
  • Shore Bancshares, Inc. SHBI
  • Stock Yards Bancorp, Inc. SYBT
  • Tompkins Financial Corporation TMP
  • Univest Financial Corporation UVSP

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 21, 2026=◇◇◇
2024April 15, 2025=◇◇◇
2023April 16, 2024=◇◇◇
2022April 18, 2023=◇◇◇
2021April 19, 2022=◇◇◇
2020April 20, 2021=◇◇◇
2019April 21, 2020=◇◇◇
2017April 17, 2018=◇◇◇
2016April 18, 2017=◇◇◇
2015April 19, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Michael D. Peduzzi (President and Chief Executive Officer), FY2025 total compensation $1,500,484 (base salary $653,993) [exec_comp, SEC accession 0000736772-26-000035, filed 2026-03-16]

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What this page does not include

Everything above is a fact Cnb Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Cnb Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
320 figures on this page: 310 cited to the filing that reported them, 10 calculated from figures it prints.
310 cited to the filing
10 calculated from the filing

Documents cited

  1. 0001193125-26-170571
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000736772-26-000035
    2025 Non-Employee Director Compensation Table · CEO PAY RATIO · Compensation Discussion and Analysis · Grants of Plan-Based Awards · and 3 more sections
  3. 0001193125-25-082845
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001193125-24-100766
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0000736772-24-000050
    Summary Compensation Table
  6. 0001193125-23-106549
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0000736772-23-000028
    Summary Compensation Table
  8. 0001193125-22-117529
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-21-126788
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-20-113676
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-18-120211
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-17-128078
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-16-547195
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000736772-25-000071
    EX-10.2
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Cnb Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CCNE (accessed 2026).
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14 filings cited on this page
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Cnb Financial discloses

The companies named in CCNE's own disclosed peer group.

Arrow Financial CorporationBurke & Herbert Financial Services Corp.Carter Bankshares, Inc.City Holding CompanyCivista Bancshares, Inc.Community Trust Bancorp, Inc.Farmers National Banc Corp.Financial Institutions, Inc.Mid Penn Bancorp, Inc.MVB Financial Corp.Park National CorporationPeoples Bancorp Inc.Peoples Financial Services Corp.Premier Financial Corp.Primis Financial Corp.S&T Bancorp, Inc.Shore Bancshares, Inc.Stock Yards Bancorp, Inc.Tompkins Financial CorporationUnivest Financial Corporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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