WNEB Director Gary G. Fitzgerald Receives 307 Shares as Award

What Happened

Gary G. Fitzgerald, a director of Western New England Bancorp, acquired 307 shares on 2026-08-05 at $13.90 per share, a total value of $4,267. The transaction is reported as an award/acquisition under the company's Non-Employee Director Stock Election Program, where compensation that would have been paid in cash was converted into shares.

Key Details

• Transaction date: 2026-08-05; filing date: 2026-08-07 (timely filing).
• Security: Common stock; shares acquired: 307 at $13.90 each; total value: $4,267.
• Shares owned after transaction: Not specified in the filing.
• Footnote: The shares were purchased in the open market on behalf of the reporting person pursuant to the Non-Employee Director Stock Election Program (compensation converted to shares).
• No indication of a 10b5-1 plan, option exercise, tax withholding, or gift; this is a compensation-related acquisition.

Context

This was not an option exercise or a discretionary open-market buy using personal cash; it reflects a director electing to receive stock in lieu of cash compensation. Such elections are common for non-employee directors and are routine corporate compensation actions rather than direct statements about market sentiment.