Form 4: Western New England Bancorp Director McMahon Acquires Additional Shares
SEC Form 4
Lisa G. McMahon, a director at Western New England Bancorp, Inc., acquired 501 shares of common stock at $7.5699 per share on August 7, 2024.
Summary
- On August 7, 2024, Lisa G. McMahon, a director of Western New England Bancorp, Inc., acquired 501 shares of the company's common stock.
- The shares were purchased at a price of $7.5699 per share.
- This acquisition was made under the company's Non-Employee Director Stock Election Program and was self-funded.
- Following the transaction, McMahon directly owns 50,857 shares of Western New England Bancorp, Inc.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The director's purchase is a mildly positive signal, but not significantly impactful.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
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 directors and officers.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of stock acquisition by Lisa G. McMahon |
| 08/09/2024 | Date of signature on the SEC Form 4 filing |
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