Western New England (WNEB) SVP Leo R. Sagan Jr. Sells 3,490 Shares

What Happened
Leo R. Sagan Jr., Senior Vice President & Chief Risk Officer of Western New England Bancorp (WNEB), sold 3,490 shares in an open‑market disposition on September 10, 2026. The weighted average price reported was $13.61, producing proceeds of approximately $47,499. The filing reports the sale as multiple transactions executed at prices ranging from $13.61 to $13.64.

Key Details

• Transaction date: 2026-09-10 (filed with SEC on 2026-09-14). The Form 4 was submitted 4 days after the trade date, which appears to be later than the typical two-business-day reporting requirement.
• Transaction type: Sale (S) — open‑market/secondary sale reported as multiple trades.
• Shares sold: 3,490; weighted average price: $13.61; price range: $13.61–$13.64; total proceeds ≈ $47,499. (See footnote F2.)
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes of note:
  • F2: Price is a weighted average; multiple transactions at $13.61–$13.64.
  • F3: The reported holder is the "Leo R. Sagan Jr 2013 Family Trust UAD 9/13/13," with Leo R. Sagan & Jennifer A. Sagan as trustees — the shares were held/sold via that trust.
  • F1 refers to unvested long‑term incentive awards (total unvested shares under three‑year plans), not directly tied to this sale.

Context: This was a sale, which is often routine and can reflect personal or tax planning rather than a view on company prospects. The sale appears to have been executed through multiple open‑market transactions and involved shares held in a family trust per the filing.