Director purchase under WNEB stock-election plan boosts holdings to 57,378 shares

Rhea-AI Filing Summary

Western New England Bancorp (WNEB) director Lisa G. McMahon reported an acquisition of 321 shares of the issuer's common stock on 08/06/2025 at a reported price of $11.1227 per share. The transaction was made under the company's Non-Employee Director Stock Election Program and was self-funded through deferred compensation rather than representing a restricted stock award.

Following the reported purchase, Ms. McMahon's beneficial ownership is shown as 57,378 shares held directly. The form discloses the mechanics of the acquisition but provides no information on total outstanding shares or broader financial effects, so the filing documents a routine director participation in the board compensation plan without additional company-level financial detail.

Positive

• Insider acquisition: Director Lisa G. McMahon acquired 321 shares, showing direct equity participation.
• Program-funded purchase: Shares were acquired under the Non-Employee Director Stock Election Program and self-funded through deferred compensation, aligning compensation with ownership.

Negative

• Limited scale disclosed: The purchase of 321 shares appears small and the filing does not show total shares outstanding, so the transaction alone may be immaterial to ownership structure.
• No broader financial data: The form provides no information on company financials, outstanding share count, or impact on control, limiting assessment of material effect.

Insights

Financial Analyst

TL;DR: Director acquired 321 shares at $11.1227, bringing direct holdings to 57,378 shares; transaction appears routine.

The Form 4 shows a small, direct purchase by a non-employee director through the company's Non-Employee Director Stock Election Program. The price per share and exact share count are provided, and the filing states the purchase was self-funded via deferred compensation and is not a restricted stock award. Based solely on the information in this filing, the transaction documents director alignment with equity-based compensation but does not by itself indicate any material change to ownership or corporate finances because the form does not disclose outstanding share count or relative stake size.

Corporate Governance Expert

TL;DR: Acquisition executed under director stock election program, signaling routine participation in compensation plan.

The disclosure specifies the acquisition was made under the Non-Employee Director Stock Election Program and funded through deferred compensation, which aligns a director's pay with equity ownership. The filing clarifies these are not restricted stock awards. From a governance perspective, the form documents compliance with Section 16 reporting and standard director compensation mechanics; the filing contains no information on any change to governance structure or control and provides only the single transaction details required for transparency.

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^*

McMahon Lisa 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		321(1)	A	$11.1227	57,378	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 Lisa G. McMahon report on Form 4?

Ms. McMahon reported an acquisition of 321 shares of Western New England Bancorp common stock on 08/06/2025 at a reported price of $11.1227 per share.

How many shares does Lisa G. McMahon beneficially own after the reported transaction (WNEB)?

The form shows Ms. McMahon beneficially owns 57,378 shares following the reported transaction, held directly.

Was the stock acquisition by the WNEB director part of a compensation program?

Yes. The filing states the acquisition was made under the company's Non-Employee Director Stock Election Program and was self-funded through deferred compensation.

Is the stock described as a restricted stock award on the Form 4 for WNEB?

No. The explanation on the form explicitly states the shares acquired are not representative of a restricted stock award.

Does the Form 4 indicate any change in control or major ownership concentration at WNEB?

No. The filing reports a single director acquisition and does not disclose any change in control or broader ownership concentration.