Western New England Bancorp (WNEB) Director Buys 546 Shares; Direct Holdings Rise

Rhea-AI Filing Summary

Steven G. Richter, a director of Western New England Bancorp (WNEB), acquired 546 shares of the company's common stock on 08/06/2025 at a reported price of $11.1227 per share under the company's Non-Employee Director Stock Election Program. The filing states the shares were self-funded through deferred compensation and are not a restricted stock award. After the transaction, Mr. Richter's reported beneficial ownership includes 57,237 shares directly, plus 13,889 shares held in an IRA and 60 shares held by his spouse.

Positive

• Acquisition occurred under the Non-Employee Director Stock Election Program, as explicitly stated in the filing.
• Shares were self-funded through deferred compensation and are not presented as a restricted stock award.
• Beneficial ownership is fully disclosed: 57,237 shares direct; 13,889 shares by IRA; 60 shares by spouse.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine director purchase under a company stock election program; increases reported direct holdings to 57,237 shares.

This Form 4 documents a standard acquisition by a non-employee director under the firm’s director stock election program. The transaction was self-funded through deferred compensation and explicitly stated not to be a restricted stock award, indicating it is not a compensatory grant. The purchase of 546 shares at $11.1227 modestly increases the director’s direct stake to 57,237 shares; absent additional context on total shares outstanding or materiality thresholds, this remains a routine insider reporting event with limited immediate valuation impact.

Corporate Governance Expert

TL;DR: Disclosure is clear on funding and ownership; transaction aligns with standard director compensation mechanics.

The filing clearly identifies the acquisition as part of the Non-Employee Director Stock Election Program and states the shares were self-funded via deferred compensation rather than issued as restricted awards. It also separately discloses indirect holdings (IRA and spouse). This transparency satisfies typical governance disclosure expectations for insider transactions. The details do not indicate any unusual governance or related-party concerns based on the information provided.

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^*

Richter Steven G.

(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		546(1)	A	$11.1227	57,237	D
Common Stock								13,889	I	By IRA
Common Stock								60	I	By Spouse

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 did Steven G. Richter report on his Form 4 for WNEB?

He reported an acquisition of 546 shares of Western New England Bancorp common stock under the Non-Employee Director Stock Election Program.

At what price were the WNEB shares acquired by the director?

The reported purchase price was $11.1227 per share.

How many WNEB shares does Richter beneficially own after the reported transaction?

The filing reports 57,237 shares directly beneficially owned following the transaction.

Does the Form 4 disclose any indirect holdings for Richter?

Yes. The filing shows 13,889 shares held by an IRA and 60 shares held by his spouse as indirect beneficial ownership.

Was the acquisition a grant or part of compensation for WNEB?

No. The filing states the shares were self-funded through deferred compensation and are not representative of a restricted stock award.

Who signed the Form 4 filing on behalf of the reporting person?

The filing bears the signature of John E. Bonini, Attorney-in-Fact.