Smith Philip R 4
4 · Western New England Bancorp, Inc. · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Western New England Bancorp (WNEB) Director Philip R. Smith Receives Award
What Happened
- Philip R. Smith, a director of Western New England Bancorp (WNEB), was granted 1,603 shares on 2026-03-06. The shares were issued at $0.00 (award), with a grant-date fair value of approximately $20,000. This award represents the portion of his annual board retainer paid in equity.
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (timely filing).
- Transaction type: Award/Grant (code A) — 1,603 shares acquired at $0.00.
- Grant-date fair value: ~ $20,000 (per filing footnote).
- Vesting: Fully vests on 12/31/2026 under the Amended & Restated 2021 Omnibus Plan.
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: Grant equals director retainer paid in equity; no 10b5-1 plan or sale noted.
Context
- This was an equity compensation grant for director pay, not an open-market purchase or sale. Such awards are routine compensation and do not, by themselves, indicate the director is buying or selling based on private company information.
Insider Transaction Report
Form 4
Smith Philip R
Director
Transactions
- Award
Common Stock
[F1]2026-03-06+1,603→ 9,100 total
Holdings
- 41,000(indirect: By 401(k))
Common Stock
Footnotes (1)
- [F1]Shares granted under the Company's Amended & Restated 2021 Omnibus Plan fully vest on 12/31/26 and represent the portion of the Director's annual Board retainer that is paid in equity having a grant date fair market value of approximately $20,000.
Signature
/s/ John Bonini, Attorney-in-Fact|2026-03-10