Smith Philip R 4

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.