Form 4: Western New England Bancorp SVP & CCO Reports Changes in Beneficial Ownership
SEC Form 4
Filipe B Goncalves, SVP & CCO of Western New England Bancorp, reports acquisition and disposal of common stock.
Summary
- Filipe B Goncalves, SVP & CCO of Western New England Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 5, 2025, Goncalves acquired 1,536 shares of common stock at $9.37 per share.
- On the same day, Goncalves disposed of 539 shares of common stock at $9.37 per share.
- Following these transactions, Goncalves directly owns 25,197 shares of common stock.
- This includes 3,864 unvested time-based incentive stock award shares, with 2,496 shares vesting on 12/31/25 and 1,368 shares vesting on 12/31/26.
- Goncalves also indirectly owns 3,941 shares through an ESOP, 5,119 shares through a 401(k) plan, and 112 shares held by his daughter.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting normal stock transactions by a company officer, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/05/2025 | Date of stock acquisition and disposal. |
| 12/31/2025 | Vesting date for 2,496 incentive stock award shares. |
| 12/31/2026 | Vesting date for 1,368 incentive stock award shares. |
| 03/07/2025 | Date of form signature. |
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