Banking
Cnb Financial Executive Compensation (FY25)
CCNE · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): April 22, 2026
253 figures on this page: 243 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
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.
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 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Martin Griffith Senior Executive Vice President and Chief Revenue Officer of CNB Bank | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Angela Wilcoxson Executive Vice President, Chief Commercial Banking Officer of CNB Bank | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
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
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Angela D. Wilcoxson | OPTION | ◇ | — | — | — | — | — | ◇ |
| Angela D. Wilcoxson | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Martin T. Griffith | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Martin T. Griffith | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael D. Peduzzi | PSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael D. Peduzzi | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Michael J. Noah | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael J. Noah | OPTION | ◇ | — | — | — | — | — | ◇ |
| Tito L. Lima | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Tito L. Lima | RSU | ◇ | — | — | ◇ | — | — | ◇ |
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
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Michael Noah | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Peduzzi | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Tito Lima | RSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Martin Griffith | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Angela Wilcoxson | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
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 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.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 21, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | April 15, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | April 16, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | April 18, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | April 19, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | April 20, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | April 21, 2020 | = | ◇ | ◇ | ◇ |
| 2017 | April 17, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | April 18, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | April 19, 2016 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable 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.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
253 figures on this page: 243 cited to the filing that reported them, 10 calculated from figures it prints.
243 cited to the filing
10 calculated from the filing
Documents cited
- 0001193125-26-170571Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000736772-26-0000352025 Non-Employee Director Compensation Table · CEO PAY RATIO · Grants of Plan-Based Awards · Non-Employee Director Compensation Table · and 2 more sections
- 0001193125-25-082845Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-24-100766Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000736772-24-000050Summary Compensation Table
- 0001193125-23-106549Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-22-117529Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-21-126788Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-20-113676Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-18-120211Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-17-128078Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001193125-16-547195Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Cnb Financial executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/CCNE (accessed 2026).
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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.Primis Financial Corp.S&T Bancorp, Inc.Shore Bancshares, Inc.Stock Yards Bancorp, Inc.Tompkins Financial CorporationUnivest Financial Corporation
Terms on this page
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}
}