Benoit Laura 4

What Happened Laura Benoit, a director of Western New England Bancorp, was granted 1,603 shares on March 6, 2026. The shares were reported as acquired at $0.00 per share on the Form 4 (total $0 reported), but the filing’s footnote states the grant has a grant-date fair market value of approximately $20,000. These shares are equity compensation (not an open-market purchase) tied to her annual board retainer.

Key Details

• Transaction date: 2026-03-06 (Grant / Award, code A)
• Reported price: $0.00 per share; total reported acquisition value $0. Footnote states grant-date fair value ≈ $20,000.
• Vesting: Shares fully vest on 2026-12-31 per the Amended & Restated 2021 Omnibus Plan (footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing: Form 4 filed 2026-03-10 for a 2026-03-06 transaction — outside the typical 2-business-day reporting window, so the filing appears late.

Context This is an equity grant as part of director compensation and should be viewed differently from open-market buys or sells. Such awards are routine for board retainers and reflect compensation policy rather than a direct trading sentiment. The grant vests at year-end 2026, so the shares are not immediately liquid unless the director takes other actions later.