Phillips Christine 4

What Happened

• Christine Phillips, SVP & Chief Human Resources Officer of Western New England Bancorp (WNEB), received a grant of 2,684 shares on March 6, 2026. The award was reported as an "A" (award/grant) at $0.00 per share (no purchase price), total reported value $0.
• The filing notes these shares are part of time‑based incentive awards and the reporting of holdings after the transaction includes 6,267 unvested shares in total.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (timely filed within the reporting deadline).
• Transaction code: A (Award/Grant); Shares granted: 2,684; Price per share: $0.00; Reported value: $0.
• Post‑transaction disclosure: total direct holdings include 6,267 unvested time‑based incentive shares, with scheduled vesting of 3,289 shares on 12/31/26, 2,082 on 12/31/27, and 896 on 12/31/28.
• No tax‑withholding sale or 10b5‑1 plan noted in the filing.

Context

• This was a compensation award (time‑based vesting), not an open‑market purchase or sale. Such grants are common for executives and are meant to retain employees; they do not necessarily signal near‑term buying or selling intent.
• The shares remain unvested until the listed vesting dates; until vesting, they typically cannot be sold or transferred.