Damon Donna J. 4
Research Summary
AI-generated summary
Western New England Bancorp Director Donna J. Damon Receives 320 Shares
What Happened
Donna J. Damon, a director of Western New England Bancorp (WNEB), acquired 320 shares on February 4, 2026. The shares were recorded at $14.23 each, for a total value of $4,554. This was an acquisition under the company’s director stock election program rather than an open-market purchase.
Key Details
- Transaction date: 2026-02-04
- Transaction type: Acquisition under Non-Employee Director Stock Election Program (coded A)
- Shares acquired: 320 at $14.23 per share; total value $4,554
- Filing date: Form 4 filed 2026-02-06 (Accession: 0001123292-26-000118)
- Shares owned after transaction: Not specified in the filing
- Footnote: Shares were self-funded through deferred compensation and are not representative of a restricted stock award (per footnote F1)
Context
This transaction reflects a director converting deferred compensation into company stock under a formal election program. Such transactions are compensation-related and differ from open-market purchases funded with new personal cash; they do indicate the director chose stock rather than cash compensation but are relatively small in value and shouldn’t be overinterpreted as a major signal about company outlook.