Leo R. Sagan Jr. - 24 Feb 2022 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
SVP & Chief Risk Officer
Signature
/s/ John E. Bonini, Attorney-in-Fact
Issuer symbol
WNEB
Transactions as of
24 Feb 2022
Net transactions value
+$19,112
Form type
4
Filing time
28 Feb 2022, 15:25:23 UTC
Previous filing
04 Jan 2022
Next filing
04 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WNEB Common Stock Award $29,394 +3,216 +7% $9.14 49,404 24 Feb 2022 by Trust F1, F2
transaction WNEB Common Stock Tax liability $10,282 -1,125 -2.3% $9.14 48,279 24 Feb 2022 by Trust F3
holding WNEB Common Stock 2,618 24 Feb 2022 Direct
holding WNEB Common Stock 4,932 24 Feb 2022 by 401(K) Plan
holding WNEB Common Stock 26,479 24 Feb 2022 by ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were issued to the reporting person pursuant to the Western New England Bancorp, Inc. 2019 Long-Term Incentive Plan, which provided for the award of shares of common stock of the Company based on the Company's performance over a designated three-year period.
F2 Shares held in trust by Leo R. Sagan & Jennifer A. Sagan, trustees to the Leo R. Sagan Jr. 2013 Family Trust UAD September 13, 2013.
F3 Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the award of common stock described in footnote 1.