Richter Steven G. 4

What Happened
Steven G. Richter, a director of Western New England Bancorp, received an award of 1,603 shares on 2026-03-06. The award shows an acquisition price of $0.00 (typical for equity compensation); the company reports the grant has a grant-date fair market value of approximately $20,000. This was an equity grant (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (timely — filed within two business days).
• Transaction type/code: Award/Grant (A); acquisition price reported as $0.00.
• Shares granted: 1,603; grant date fair market value ≈ $20,000 (per footnote).
• Vesting: Shares fully vest on 12/31/2026 (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Nature: Equity retainer for director compensation (annual board retainer paid in stock).

Context
This is a routine director equity grant as part of board compensation and does not represent a market buy or sell decision. Because the shares vest at a future date, they are subject to forfeiture or restrictions until vesting and do not indicate immediate selling activity or sentiment.