Leo R. Sagan Jr. - 06 Mar 2023 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
06 Mar 2023
Net transactions value
+$24,116
Form type
4
Filing time
08 Mar 2023, 16:18:37 UTC
Previous filing
06 Jan 2023
Next filing
10 Mar 2023
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 $35,521 +3,588 +7.2% $9.90 53,668 06 Mar 2023 by Trust F1, F2
transaction WNEB Common Stock Tax liability $11,405 -1,152 -2.1% $9.90 52,516 06 Mar 2023 by Trust F3
holding WNEB Common Stock 2,661 06 Mar 2023 Direct
holding WNEB Common Stock 4,931 06 Mar 2023 by 401(K) Plan
holding WNEB Common Stock 27,533 06 Mar 2023 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. 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 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.