Form 4: Western New England Bancorp Executive Reports Stock Transactions
SEC Form 4 Filing
Kevin C. O'Connor, EVP & Chief Operating Officer of Western New England Bancorp, reports acquisition and disposal of company stock.
Summary
- On March 5, 2025, Kevin C. O'Connor, EVP & Chief Operating Officer of Western New England Bancorp, Inc. [WNEB], reported changes in beneficial ownership of the company's stock.
- O'Connor acquired 1,746 shares of common stock at a price of $9.37 per share.
- O'Connor disposed of 613 shares of common stock at a price of $9.37 per share.
- Following these transactions, O'Connor directly owns 33,045 shares of common stock.
- O'Connor also indirectly owns 18,337 shares through an ESOP and 1,957 shares through a 401(k) plan.
- The direct holdings include 4,353 unvested time-based incentive stock award shares, with 2,811 shares vesting on December 31, 2025, and 1,542 shares vesting on December 31, 2026.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and potential alignment with shareholder interests.
Stakeholder Impact
- The stock transactions by a key executive may influence investor sentiment, but the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock transactions (acquisition and disposal). |
| 03/07/2025 | Date of signature on the Form 4 filing. |
| 12/31/2025 | Vesting date for 2,811 unvested time-based incentive stock award shares. |
| 12/31/2026 | Vesting date for 1,542 unvested time-based incentive stock award shares. |
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