Louis O. Gorman III - Feb 24, 2022 Form 4 Insider Report for Western New England Bancorp, Inc. (WNEB)

Role
SVP & Chief Credit Officer
Signature
/s/ John Bonini, Attorney-in-Fact
Stock symbol
WNEB
Transactions as of
Feb 24, 2022
Transactions value $
$17,860
Form type
4
Date filed
2/28/2022, 03:25 PM
Previous filing
Jan 4, 2022
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WNEB Common Stock Award $27.5K +3.01K +16.92% $9.14 20.8K Feb 24, 2022 Direct F1
transaction WNEB Common Stock Tax liability -$9.61K -1.05K -5.06% $9.14 19.7K Feb 24, 2022 Direct F2
holding WNEB Common Stock 25.3K Feb 24, 2022 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. 2019 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.