Western New England Bancorp risk chief sells 3,490 shares
Western New England Bancorp’s chief risk officer sold a small block of shares via a family trust while maintaining substantial direct and plan-related holdings.
Rhea-AI Filing Summary
Western New England Bancorp, Inc. (WNEB) reports that Senior Vice President and Chief Risk Officer Leo R. Sagan Jr., through a family trust, sold 3,490 shares of common stock on September 10, 2026 at a weighted average price of $13.61 per share, with trade prices ranging from $13.61 to $13.64. After this transaction, the family trust held 59,264 shares, in addition to 6,654 unvested shares held directly under long-term incentive plans, 31,640 shares held through an employee stock ownership plan, and 4,893 shares held in a 401(k) plan. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,490 shares
Net Sell
4 txns
Insider
SAGAN LEO R JR
Role
SVP & Chief Risk Officer
Sold
3,490 shs ($47K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2, F3 | 3,490 | $13.61 | $47K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 59,264 shares (Indirect, by Trust);
Common Stock — 6,654 shares (Direct);
Common Stock — 31,640 shares (Indirect, by ESOP);
Common Stock — 4,893 shares (Indirect, by 401(K) Plan)
Footnotes (3)
- F1. Represents the total of unvested shares awarded through the company's three-year long-term incentive stock award plans.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.61 to $13.64, inclusive.
- F3. Trust entitled: Leo R. Sagan Jr 2013 Family Trust UAD 9/13/13, Leo R. Sagan & Jennifer A Sagan Trustees.
Key Figures
Shares sold: 3,490 shares
Weighted average sale price: $13.61 per share
Price range of sales: $13.61–$13.64 per share
+4 more
7 metrics
Shares sold
3,490 shares
Common stock sold on September 10, 2026 by family trust
Weighted average sale price
$13.61 per share
Average price for 3,490 shares sold, with trades from $13.61 to $13.64
Price range of sales
$13.61–$13.64 per share
Range of prices for the multiple transactions on September 10, 2026
Trust holdings after sale
59,264 shares
Common stock held indirectly through the family trust after the sale
Unvested incentive shares
6,654 shares
Unvested shares awarded through three-year long-term incentive stock award plans
ESOP holdings
31,640 shares
Common stock held indirectly through an employee stock ownership plan
401(k) plan holdings
4,893 shares
Common stock held indirectly through a 401(k) plan
Key Terms
weighted average price, long-term incentive stock award plans, ESOP, 401(K) Plan
4 terms
weighted average price financial
"The price reported ... is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
long-term incentive stock award plans financial
"Represents the total of unvested shares awarded through the company's three-year long-term incentive stock award plans."
ESOP financial
"Common Stock ... held indirectly by ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(K) Plan financial
"Common Stock ... held indirectly by 401(K) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WNEB’s chief risk officer report in this Form 4 filing?
Leo R. Sagan Jr., Senior Vice President and Chief Risk Officer of WNEB, reported a sale of 3,490 common shares on September 10, 2026 through a family trust, at a weighted average price of $13.61 per share, with prices between $13.61 and $13.64.
Was the WNEB insider sale executed under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported in connection with the 3,490-share sale by the family trust on September 10, 2026.
Is the reported WNEB sale a direct or indirect holding for the insider?
The 3,490-share sale involved shares held indirectly through the Leo R. Sagan Jr. 2013 Family Trust, for which Leo R. Sagan Jr. and Jennifer A. Sagan are named as trustees.
AI-generated analysis. How Rhea-AI works. Not financial advice.
