Darlene M. Libiszewski - 24 Feb 2022 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role: SVP, Chief Information Officer
Signature: /s/ John E. Bonini, Attorney-in-Fact
Issuer symbol: WNEB
Transactions as of: 24 Feb 2022
Net transactions value: +$17,759
Form type: 4
Filing time: 28 Feb 2022, 15:28:21 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	$27,310	+2,988	+27%	$9.14	14,002	24 Feb 2022	Direct	F1
transaction	WNEB	Common Stock	Tax liability	$9,551	-1,045	-7.5%	$9.14	12,957	24 Feb 2022	Direct	F2
holding	WNEB	Common Stock						10,761	24 Feb 2022	By IRA
holding	WNEB	Common Stock						4,534	24 Feb 2022	By ESOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	WNEB	Stock Options						16,975	24 Feb 2022	Common Stock	16,975	$6.82	Direct

* 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.