Damon Donna J. 4
4 · Western New England Bancorp, Inc. · Filed May 8, 2026
Research Summary
AI-generated summary of this filing
WNEB Director Donna J. Damon Acquires 296 Shares
What Happened
Donna J. Damon, a director of Western New England Bancorp (WNEB), acquired 296 shares on May 6, 2026 at $14.30 per share for a total value of $4,232. The filing reports this as an acquisition (code A) rather than a sale.
Key Details
- Transaction date: 2026-05-06; Price: $14.30 per share; Shares acquired: 296; Total value: $4,232.
- Filing date: 2026-05-08 (filed within the standard two-business-day window for Form 4s).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: The shares were purchased in the open market on behalf of the reporting person pursuant to the Company’s Non-Employee Director Stock Election Program using compensation otherwise payable in cash (F1).
Context
This acquisition was executed through a director stock election program that uses a director’s cash compensation to buy shares in the open market on their behalf. Such transactions are common for non-employee directors and represent a conversion of compensation into stock rather than an out-of-pocket market purchase; they should be viewed as routine insider buying but not necessarily a strong personal investment signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-06$14.30/sh+296$4,232→ 67,392 total
Footnotes (1)
- [F1]Represents shares purchased in the open market on behalf of the reporting person pursuant to the Company's Non-Employee Director Stock Election Program using compensation otherwise payable in cash.