Director at Western New England Bancorp (WNEB) takes stock instead of cash
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western New England Bancorp director Donna J. Damon acquired additional shares of Common Stock through a company program. On May 6, 2026, 296 shares were purchased in the open market at $14.2988 per share using compensation otherwise payable in cash under the Non-Employee Director Stock Election Program.
After this compensation-related acquisition, Damon directly holds 67,392 shares of Western New England Bancorp common stock. This filing reflects a routine election to receive director fees in stock rather than cash, not a discretionary open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Damon Donna J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 296 | $14.2988 | $4K |
Holdings After Transaction:
Common Stock — 67,392 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 296 shares
Purchase price: $14.2988 per share
Post-transaction holdings: 67,392 shares
3 metrics
Shares acquired
296 shares
Common Stock acquired on May 6, 2026
Purchase price
$14.2988 per share
Price for shares under director stock election program
Post-transaction holdings
67,392 shares
Total Common Stock directly held by Donna J. Damon after transaction
Key Terms
Non-Employee Director Stock Election Program, open market, Common Stock, Grant, award, or other acquisition
4 terms
Non-Employee Director Stock Election Program financial
"pursuant to the Company's Non-Employee Director Stock Election Program using compensation otherwise payable in cash"
open market financial
"Represents shares purchased in the open market on behalf of the reporting person"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
FAQ
What insider transaction did Western New England Bancorp (WNEB) report for Donna J. Damon?
Western New England Bancorp reported that director Donna J. Damon acquired 296 shares of Common Stock. The shares were obtained via a company program that uses director compensation otherwise payable in cash to purchase stock in the open market.
What are Donna J. Damon’s total Western New England Bancorp holdings after this Form 4 transaction?
After this transaction, Donna J. Damon directly holds 67,392 shares of Western New England Bancorp Common Stock. This total reflects the additional 296 shares acquired through the company’s Non-Employee Director Stock Election Program on May 6, 2026.
Was Donna J. Damon’s WNEB stock acquisition an open-market buy or a compensation grant?
The transaction combines elements of both: shares were purchased in the open market, but using director compensation otherwise payable in cash. It is classified as a grant or award acquisition under the company’s Non-Employee Director Stock Election Program.