Leo R. Sagan Jr - Mar 6, 2023 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 6, 2023
Transactions value $
$24,116
Form type
4
Date filed
3/8/2023, 04:18 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 $35.5K +3.59K +7.16% $9.90 53.7K Mar 6, 2023 by Trust F1, F2
transaction WNEB Common Stock Tax liability -$11.4K -1.15K -2.15% $9.90 52.5K Mar 6, 2023 by Trust F3
holding WNEB Common Stock 2.66K Mar 6, 2023 Direct
holding WNEB Common Stock 4.93K Mar 6, 2023 by 401(K) Plan
holding WNEB Common Stock 27.5K 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 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.
F3 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.