Director adds Western New England Bancorp (WNEB) shares via stock election program
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western New England Bancorp director Gary G. Fitzgerald acquired additional company stock through a compensation program. On May 6, 2026, he received 353 shares of Common Stock at $14.2988 per share, bringing his direct holdings to 35,387 shares.
According to the footnote, these shares were purchased in the open market on his behalf under the company’s Non-Employee Director Stock Election Program, using compensation that would otherwise have been paid in cash.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fitzgerald Gary G
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 353 | $14.2988 | $5K |
Holdings After Transaction:
Common Stock — 35,387 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 353 shares
Price per share: $14.2988 per share
Total shares after transaction: 35,387 shares
3 metrics
Shares acquired
353 shares
Common Stock acquired on May 6, 2026
Price per share
$14.2988 per share
Acquisition price for Common Stock
Total shares after transaction
35,387 shares
Direct holdings following acquisition
Key Terms
Non-Employee Director Stock Election Program, open market, Common Stock
3 terms
Non-Employee Director Stock Election Program financial
"pursuant to the Company's Non-Employee Director Stock Election Program using compensation otherwise payable in cash"
open market financial
"Represents shares purchased in the open market on behalf of the reporting person"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Western New England Bancorp (WNEB) director Gary G. Fitzgerald do in this Form 4?
Director Gary G. Fitzgerald acquired 353 shares of Western New England Bancorp common stock. The shares were obtained via a company program that uses director cash compensation to buy stock, increasing his direct ownership to 35,387 shares after the transaction.
What is Western New England Bancorp’s Non-Employee Director Stock Election Program mentioned in the Form 4?
The Non-Employee Director Stock Election Program allows directors to use cash compensation to purchase company stock. In this filing, compensation otherwise payable in cash was used to buy 353 Western New England Bancorp shares on behalf of director Gary G. Fitzgerald.