Kevin C. O'Connor - Mar 6, 2023 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
EVP & Chief Banking Officer
Signature
/s/ John E. Bonini, Attorney-in-Fact
Stock symbol
WNEB
Transactions as of
Mar 6, 2023
Transactions value $
$27,641
Form type
4
Date filed
3/8/2023, 04:19 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 $38.6K +3.9K +19.39% $9.90 24K Mar 6, 2023 Direct F1
transaction WNEB Common Stock Tax liability -$11K -1.11K -4.62% $9.90 22.9K Mar 6, 2023 Direct F2
holding WNEB Common Stock 1.02K Mar 6, 2023 by 401(K) Plan
holding WNEB Common Stock 15.2K Mar 6, 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 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.