PICKNELLY PAUL C 4
4 · Western New England Bancorp, Inc. · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
WNEB Director Paul C. Picknelly Acquires 514 Shares
What Happened
Paul C. Picknelly, a director of Western New England Bancorp, acquired 514 shares on 2026-02-04 at $14.23 per share, a total value of approximately $7,315. The transaction is reported as an acquisition under the company’s director stock election program rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-02-04 at $14.23 per share (total ~$7,315).
- Filing date: Form 4 filed 2026-02-06 reporting the 2026-02-04 transaction.
- Shares owned after transaction: Not specified in the filing.
- Footnote: The shares were acquired under the Non-Employee Director Stock Election Program and were self-funded through deferred compensation (not a restricted stock award).
- No indication in the filing of a 10b5-1 plan, tax withholding sale, or that the filing was late.
Context
This was an acquisition tied to the company’s director compensation program (electing to receive shares instead of cash via deferred compensation). Such program-based acquisitions are common for non-employee directors and reflect compensation choices rather than an open-market buy or sell driven by personal investment timing.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-04$14.23/sh+514$7,315→ 107,985 total
Footnotes (1)
- [F1]Represents an acquisition of stock under the Company's Non-Employee Director Stock Election Program. Shares acquired are self-funded through deferred compensation and are not representative of a restricted stock award.