Guida R. Sajdak - Mar 6, 2023 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
EVP, CFO & Treasurer
Signature
/s/ John E. Bonini, Attorney-in-Fact
Stock symbol
WNEB
Transactions as of
Mar 6, 2023
Transactions value $
$30,967
Form type
4
Date filed
3/8/2023, 04:17 PM
Previous filing
Jan 6, 2023
Next filing
Mar 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WNEB Common Stock Award $43.6K +4.4K +16.21% $9.90 31.6K Mar 6, 2023 Direct F1
transaction WNEB Common Stock Tax liability -$12.6K -1.27K -4.03% $9.90 30.3K Mar 6, 2023 Direct F2
holding WNEB Common Stock 7.34K Mar 6, 2023 By 401(k) Plan
holding WNEB Common Stock 7.16K Mar 6, 2023 By ESOP
holding WNEB Common Stock 485 Mar 6, 2023 By Son
* 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. 2020 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.