MASSE WILLIAM D 4
Research Summary
AI-generated summary
Western New England Bancorp (WNEB) Director William D. Masse Buys 323 Shares
What Happened
- William D. Masse, a director of Western New England Bancorp (WNEB), acquired 323 shares on May 6, 2026 at $14.30 per share, a transaction valued at approximately $4,619. The Form 4 reports this as an acquisition (transaction code A).
Key Details
- Transaction date and price: May 6, 2026 — 323 shares at $14.30 each.
- Total value: ~ $4,619.
- Shares owned after transaction: Not specified in the Form 4.
- Footnote: The shares were purchased in the open market on behalf of the reporting person under the company's Non-Employee Director Stock Election Program using compensation otherwise payable in cash (Footnote F1).
- Filing timeliness: Reported on May 8, 2026 — filed within the typical two-business-day Form 4 window.
Context
- This was a routine acquisition under a director stock election program (converting cash director compensation into company stock). While purchases can signal confidence, this type of program is a standard compensation election and not necessarily a discretionary, out-of-pocket buy by the director. The transaction is small in dollar terms (~$4.6K).