Western New England (WNEB) director acquires 320 shares of stock
Rhea-AI Filing Summary
Western New England Bancorp director Donna J. Damon acquired additional company stock through a deferred compensation program. On February 4, 2026, she acquired 320 shares of common stock at $14.2324 per share under the Non-Employee Director Stock Election Program. These shares are self-funded from deferred director fees rather than being a restricted stock award. Following this transaction, she directly owns 65,493 common shares of Western New England Bancorp.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 320 shares
Net Buy
1 txn
Insider
Damon Donna J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 320 | $14.2324 | $5K |
Holdings After Transaction:
Common Stock — 65,493 shares (Direct)
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Western New England Bancorp (WNEB) report for Donna J. Damon?
Donna J. Damon acquired 320 common shares of Western New England Bancorp. The shares were obtained on February 4, 2026 under the company’s Non-Employee Director Stock Election Program and were self-funded through deferred director compensation rather than issued as a restricted stock award.
What is Western New England Bancorp’s Non-Employee Director Stock Election Program?
The Non-Employee Director Stock Election Program lets directors acquire company stock using deferred compensation instead of cash. In this filing, Donna J. Damon’s 320-share acquisition came from deferred fees and is specifically noted as not being a restricted stock award.
Was Donna J. Damon’s Western New England Bancorp (WNEB) stock acquisition a restricted stock grant?
No. The filing explains that the 320 shares were self-funded through deferred compensation under the Non-Employee Director Stock Election Program. It explicitly states these shares are not representative of a restricted stock award, distinguishing them from typical equity compensation grants.