Louis O. Gorman III - Mar 6, 2023 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
Mar 6, 2023
Transactions value $
$21,998
Form type
4
Date filed
3/8/2023, 04:20 PM
Previous filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WNEB Common Stock Award $33.2K +3.35K +26.98% $9.90 15.8K Mar 6, 2023 Direct F1
transaction WNEB Common Stock Tax liability -$11.2K -1.13K -7.16% $9.90 14.6K Mar 6, 2023 Direct F2
holding WNEB Common Stock 26.3K 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 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.