Gorman Louis O III - 24 Feb 2022 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
SVP & Chief Credit Officer
Signature
/s/ John Bonini, Attorney-in-Fact
Issuer symbol
WNEB
Transactions as of
24 Feb 2022
Net transactions value
+$17,860
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 $27,466 +3,005 +17% $9.14 20,766 24 Feb 2022 Direct F1
transaction WNEB Common Stock Tax liability $9,606 -1,051 -5.1% $9.14 19,715 24 Feb 2022 Direct F2
holding WNEB Common Stock 25,322 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 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.