Form 4: Western New England Bancorp Officer Reports Changes in Beneficial Ownership

Leo R. Sagan Jr., SVP & Chief Risk Officer of Western New England Bancorp, reports transactions involving company stock, including acquisitions and disposals.

Summary

• Leo R. Sagan Jr., a Senior Vice President and Chief Risk Officer at Western New England Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On March 5, 2025, Sagan acquired 1,520 shares of common stock at a price of $9.37 per share.
• On the same day, Sagan disposed of 533 shares at $9.37 per share.
• Following these transactions, Sagan directly owns 3,646 shares and indirectly owns 60,197 shares through a trust.
• The direct holdings include 3,646 unvested time-based incentive stock award shares, with 2,357 shares vesting on December 31, 2025, and 1,289 shares vesting on December 31, 2026.
• Sagan also indirectly owns shares through an ESOP (29,613 shares) and a 401(k) plan (4,901 shares).

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 ownership positions in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the trading activities of a key executive.

Key Dates