WNEB director receives 1,603-share equity grant
Damon Donna J. reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Damon Donna J. reported acquisition or exercise transactions in this Form 4 filing.
Western New England Bancorp director equity grant: Director Donna J. Damon received 1,603 shares of common stock on grant as part of her annual Board retainer under the Amended & Restated 2021 Omnibus Plan. These shares have a grant date fair market value of approximately $20,000 and fully vest on 12/31/26. Following this grant, she directly holds 67,096 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,603 shares
Grant/Award
1 txn
Insider
Damon Donna J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 67,096 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Western New England Bancorp (WNEB) disclose for Donna J. Damon?
Western New England Bancorp reported that director Donna J. Damon received 1,603 shares of common stock as an equity grant. The award represents part of her annual Board retainer and was granted with no cash price per share, reflecting standard director compensation.
What is the value of Donna J. Damon’s new WNEB equity award?
The equity grant to Donna J. Damon has a grant date fair market value of approximately $20,000. It consists of 1,603 shares of Western New England Bancorp common stock, issued as the equity portion of her annual Board retainer under the company’s omnibus compensation plan.
Was Donna J. Damon’s WNEB Form 4 transaction a market purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Donna J. Damon received 1,603 shares at a stated price of $0.0000 per share as part of her annual Board retainer, classified as a grant or award acquisition under the company’s omnibus equity plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.