Western New England (WNEB) director gets $20K stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fitzgerald Gary G reported acquisition or exercise transactions in this Form 4 filing.
Western New England Bancorp director equity grant. Director Gary G. Fitzgerald received 1,603 shares of common stock as a grant under the company’s Amended & Restated 2021 Omnibus Plan. The shares, with a grant date fair market value of approximately $20,000, fully vest on 12/31/26 and bring his direct holdings to 35,034 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fitzgerald Gary G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,034 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Western New England Bancorp (WNEB) report for Gary G. Fitzgerald?
Western New England Bancorp reported that director Gary G. Fitzgerald received 1,603 shares of common stock as a grant. The award was made at no cash cost per share and increased his direct holdings to 35,034 shares after the transaction.
What is the value of the Western New England Bancorp (WNEB) equity grant to Gary G. Fitzgerald?
The grant to Gary G. Fitzgerald has a grant date fair market value of approximately $20,000. This amount represents the portion of the director’s annual board retainer that is paid in equity under the company’s Amended & Restated 2021 Omnibus Plan.
Was the Western New England Bancorp (WNEB) grant to Gary G. Fitzgerald a market purchase or compensation award?
The transaction was a compensation award, not a market purchase. The Form 4 classifies it as a grant, award, or other acquisition with a transaction price of $0.0000 per share, reflecting equity paid as part of the director’s annual board retainer.