Kevin C. O'Connor - Mar 5, 2024 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 5, 2024
Transactions value $
$22,391
Form type
4
Date filed
3/7/2024, 04:28 PM
Previous filing
Jan 4, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WNEB Common Stock Award $34.5K +4.16K +16.19% $8.29 29.9K Mar 5, 2024 Direct F1
transaction WNEB Common Stock Tax liability -$12.1K -1.46K -4.89% $8.29 28.4K Mar 5, 2024 Direct F2
holding WNEB Common Stock 16.7K Mar 5, 2024 by ESOP
holding WNEB Common Stock 1.96K Mar 5, 2024 by 401(K) Plan
* 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. 2021 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.