Form 4: Western New England Bancorp CEO James Hagan Reports Stock Transactions

James Hagan, President and CEO of Western New England Bancorp, reports acquisition and disposal of company stock on March 5, 2025.

Summary

• James Hagan, the President and CEO of Western New England Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 5, 2025, Hagan acquired 7,265 shares of common stock at a price of $9.37 per share.
• On the same day, he disposed of 2,132 shares of common stock at $9.37 per share.
• Following these transactions, Hagan directly owns 233,922 shares of common stock.
• Additionally, he indirectly owns 45,904 shares through an ESOP and 12,229 shares through a 401(k) plan.
• The direct holdings include 14,654 unvested time-based incentive stock award shares, with 9,450 shares vesting on December 31, 2025, and 5,204 shares vesting on December 31, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, as insider trading activity is often monitored for signals about the company's prospects.

Key Dates