WNEB director granted 1,603 shares as board retainer
MASSE WILLIAM D reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
MASSE WILLIAM D reported acquisition or exercise transactions in this Form 4 filing.
Western New England Bancorp director William D. Masse received an equity grant of 1,603 shares of Common Stock. The shares were awarded at no cash cost to him as part of his annual Board retainer, with a grant date fair market value of approximately $20,000.
The award was granted under the company’s Amended & Restated 2021 Omnibus Plan and will fully vest on 12/31/26. Following this grant, Masse directly holds 68,041 shares of Western New England Bancorp common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | $0.00 |
Footnotes (1)
- F1. Shares granted under the Company's Amended & Restated 2021 Omnibus Plan fully vest on 12/31/26 and represent the portion of the Director's annual Board retainer that is paid in equity having a grant date fair market value of approximately $20,000.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Western New England Bancorp (WNEB) report for William D. Masse?
Was the WNEB Form 4 transaction a stock purchase or a compensation grant?
What plan governed the equity grant reported in WNEB’s Form 4 for William D. Masse?
AI-generated analysis. How Rhea-AI works. Not financial advice.