Damon Donna J. 4
Research Summary
AI-generated summary
Western New England (WNEB) Director Donna J. Damon Receives 1,603-Share Award
What Happened
- Donna J. Damon, a director of Western New England Bancorp, received an equity award of 1,603 shares on 2026-03-06. The filing shows an acquisition at $0.00 (award/grant). The grant has a reported grant-date fair market value of approximately $20,000 and is part of the director’s annual board retainer.
Key Details
- Transaction date and type: 2026-03-06 — Award/Grant (code A) of 1,603 shares at $0.00.
- Reported value: Grant-date fair market value ≈ $20,000 (per footnote).
- Vesting/special terms: Shares fully vest on 12/31/2026 (per footnote).
- Shares owned after transaction: Not disclosed in the supplied filing.
- Filing timeliness: Form 4 filed 2026-03-10; this filing appears to meet the standard Form 4 reporting timeframe.
Context
- This was an equity grant as part of routine board compensation (annual retainer paid in shares). Such awards are common for directors and reflect compensation, not an open-market purchase or sale; they should not be taken alone as a directional signal about insider sentiment.