Goncalves Filipe B 4

What Happened
Filipe Goncalves, Senior Vice President and Chief Compliance Officer of Western New England Bancorp (WNEB), was granted 3,041 shares as a time‑based equity award on March 6, 2026. The award was reported at $0.00 per share (code A — award/grant), so no cash was paid. This is a grant of equity compensation rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (filing marked late).
• Transaction type: Award/grant (Form 4 code A); shares granted: 3,041; price reported: $0.00; total cash value shown: $0.
• Vesting/ownership notes: Footnote indicates total direct holdings include 7,101 unvested time‑based incentive stock award shares, scheduled to vest 3,726 on 12/31/26, 2,360 on 12/31/27 and 1,015 on 12/31/28.
• Family holdings: 316 shares held jointly with his daughter (footnote), and 115 shares held solely by his daughter.
• Filing timeliness: Reported late (transactionTimeliness = 'L'); late filings can reduce disclosure value for short‑term trading analysis.

Context
This was a compensation grant (time‑based incentive awards) tied to service/vesting rather than a market purchase or sale, so it does not directly signal buying or selling sentiment. Vesting schedule in the footnote shows the award is staggered over multiple years; such awards are common for aligning executive interests with long‑term company performance.