Gorman Louis O III - 06 Mar 2023 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
06 Mar 2023
Net transactions value
+$21,998
Form type
4
Filing time
08 Mar 2023, 16:20:28 UTC
Previous filing
06 Jan 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 $33,175 +3,351 +27% $9.90 15,771 06 Mar 2023 Direct F1
transaction WNEB Common Stock Tax liability $11,177 -1,129 -7.2% $9.90 14,642 06 Mar 2023 Direct F2
holding WNEB Common Stock 26,317 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 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.