Leo R. Sagan Jr - Mar 5, 2024 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
SVP & Chief Risk Officer
Signature
/s/ John E. Bonini, Attorney-in-Fact
Stock symbol
WNEB
Transactions as of
Mar 5, 2024
Transactions value $
$20,194
Form type
4
Date filed
3/7/2024, 04:29 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 $31.1K +3.75K +6.89% $8.29 58.3K Mar 5, 2024 by Trust F1, F3
transaction WNEB Common Stock Tax liability -$10.9K -1.32K -2.26% $8.29 56.9K Mar 5, 2024 by Trust F2, F3
holding WNEB Common Stock 2.99K Mar 5, 2024 Direct
holding WNEB Common Stock 28.6K Mar 5, 2024 by ESOP
holding WNEB Common Stock 4.91K 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.
F3 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.