Western New England Bancorp (WNEB) director receives 1,603-share equity retainer grant
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,603 shares
Net Buy
1 txn
Insider
MASSE WILLIAM D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 68,041 shares (Direct)
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.
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FAQ
What insider transaction did Western New England Bancorp (WNEB) report for William D. Masse?
Western New England Bancorp reported that director William D. Masse received a grant of 1,603 shares of Common Stock. The award was made at no cash cost to him as part of his annual Board retainer under the Amended & Restated 2021 Omnibus Plan.
Was the WNEB Form 4 transaction a stock purchase or a compensation grant?
The Form 4 transaction was a compensation-related grant, not an open-market stock purchase. Masse received 1,603 shares of Common Stock as part of his annual Board retainer, with the shares granted under Western New England Bancorp’s Amended & Restated 2021 Omnibus Plan.
What plan governed the equity grant reported in WNEB’s Form 4 for William D. Masse?
The equity grant was made under Western New England Bancorp’s Amended & Restated 2021 Omnibus Plan. The Form 4 footnote explains that the 1,603-share award represents the equity portion of the director’s annual Board retainer and specifies its vesting schedule.