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

James Hagan, President and CEO of Western New England Bancorp, reports the disposition of shares to cover tax obligations and details of stock ownership, including unvested incentive stock awards.

Summary

• On December 31, 2024, James Hagan, the President and CEO of Western New England Bancorp, engaged in a transaction involving the disposition of 3,973 shares of common stock to satisfy tax withholding obligations related to the vesting of restricted common stock.
• The shares were disposed of at a price of $9.2 per share.
• Following the transaction, Hagan directly owns 228,789 shares of common stock.
• This total includes 14,654 unvested time-based incentive stock award shares, with 9,450 shares scheduled to vest on December 31, 2025, and 5,204 shares scheduled to vest on December 31, 2026.
• Hagan also indirectly owns 45,904 shares through an ESOP and 12,229 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Future Outlook

The document outlines the vesting schedule for unvested time-based incentive stock award shares, indicating future vesting events on 12/31/25 and 12/31/26.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, like the CEO, and provides transparency into their stock transactions. It's common for executives to dispose of shares to cover tax obligations related to vesting equity awards.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the CEO's personal stock holdings and tax obligations.

Key Dates