Western New England Bancorp (WNEB) Director Increases Stake by 690 Shares

Rhea-AI Filing Summary

Western New England Bancorp director Paul C. Picknelly acquired 690 shares of the company's common stock on 08/06/2025 at a reported price of $11.1227 per share, raising his beneficial ownership to 106,897 shares. The filing states the shares were purchased under the company’s Non-Employee Director Stock Election Program and were self-funded through deferred compensation; the filing explicitly notes these are not a restricted stock award. No derivative transactions were reported on this Form 4, and the report was filed by a single reporting person.

This is a routine insider purchase by a director implemented through a director compensation election rather than a market purchase or stock award, and the filing provides exact share counts and the method of funding.

Positive

• Director increased beneficial ownership to 106,897 shares through an acquisition of 690 shares.
• Transaction funded via deferred compensation under the Non-Employee Director Stock Election Program, showing alignment between director compensation and ownership.
• No derivative securities or dispositions were reported on this Form 4, simplifying the ownership picture.

Negative

• None.

Insights

Financial Analyst

TL;DR: Director modestly increased stake via a 690-share acquisition funded by deferred compensation; ownership now 106,897 shares.

This Form 4 documents a small, clearly disclosed increase in insider ownership. The acquisition of 690 shares at $11.1227 is executed under the Non-Employee Director Stock Election Program and is self-funded, which indicates the director converted deferred compensation into equity rather than receiving a grant. The absolute size of the purchase is modest relative to the total holding reported and no derivatives or dispositions were reported, suggesting this is a routine ownership adjustment rather than a material corporate event.

Corporate Governance Expert

TL;DR: Disclosure is straightforward and compliant; transaction aligns director pay with equity ownership.

The filing clearly states the nature of the acquisition and the funding mechanism, noting the shares are not restricted stock awards. That transparency supports governance best practices for director compensation and alignment with shareholders. The report shows no complex or unusual arrangements and is filed for one reporting person, which reduces ambiguity about beneficial ownership. No indications of material governance concerns are present in the disclosed transaction.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

PICKNELLY PAUL C

(Last) (First) (Middle)

C/O WESTERN NEW ENGLAND BANCORP, INC.

141 ELM STREET

(Street)

WESTFIELD MA 01085

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Western New England Bancorp, Inc. [ WNEB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/06/2025		A		690(1)	A	$11.1227	106,897	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an acquisition of stock under the Company's Non-Employee Director Stock Election Program. Shares acquired are self-funded through deferred compensation and are not representative of a restricted stock award.

	/s/ John E. Bonini, Attorney-in-Fact	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did WNEB director Paul C. Picknelly report?

He acquired 690 shares of Western New England Bancorp common stock on 08/06/2025 at $11.1227 per share.

How did Paul C. Picknelly fund the WNEB share purchase?

The shares were acquired under the company’s Non-Employee Director Stock Election Program and were self-funded through deferred compensation.

What is Paul C. Picknelly’s total beneficial ownership after the transaction?

Following the reported transaction, his beneficial ownership is 106,897 shares.

Were any derivative securities reported in this Form 4 for WNEB?

No. Table II is blank, indicating no derivative securities were acquired, disposed of, or beneficially owned in this filing.

Was this Form 4 filed by more than one reporting person?

No. The filing indicates it was submitted by one reporting person.