Form 4: Western New England Bancorp Executive Reports Stock Transaction

Daniel A. Marini, SVP of Retail Banking & Marketing at Western New England Bancorp, reports a transaction involving common stock to cover tax obligations.

Summary

• On December 31, 2024, Daniel A. Marini, SVP of Retail Banking & Marketing at Western New England Bancorp, Inc. [WNEB], had a transaction involving common stock.
• 664 shares of common stock were disposed of to satisfy tax withholding obligations related to the vesting of restricted common stock at a price of $9.2.
• Following the transaction, Marini directly owns 13,354 shares of common stock and indirectly owns 8,763 shares through an ESOP.
• The direct holdings include 2,641 unvested time-based incentive stock award shares, with 1,767 shares vesting on December 31, 2025, and 934 shares vesting on December 31, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing and doesn't convey any particular sentiment. It simply reports a transaction.

Future Outlook

The reporting person has unvested time-based incentive stock award shares that will vest on 12/31/25 and 12/31/26.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.

Key Dates