Western New England Bancorp director sells 3,300 shares
A Western New England Bancorp director sold 3,300 shares and now holds 5,800 shares directly plus 41,419 shares through a 401(k) plan.
Rhea-AI Filing Summary
Western New England Bancorp, Inc. (WNEB) director Philip R. Smith reported selling 3,300 shares of common stock on September 2, 2026. The sale was executed at a weighted average price of $13.88 per share, with individual trade prices ranging from $13.84 to $13.88.
After this transaction, Smith directly held 5,800 shares of Western New England Bancorp common stock. In addition, as of the same date, he held 41,419 shares indirectly through a 401(k) plan. No transactions were reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,300 shares
Net Sell
2 txns
Insider
Smith Philip R
Role
Director
Sold
3,300 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 3,300 | $13.88 | $46K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,800 shares (Direct);
Common Stock — 41,419 shares (Indirect, By 401(K) Plan)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.84 to $13.88, inclusive.
Key Figures
Shares sold: 3,300 shares
Weighted average sale price: $13.88 per share
Sale price range: $13.84–$13.88 per share
+2 more
5 metrics
Shares sold
3,300 shares
Common stock sale reported for September 2, 2026
Weighted average sale price
$13.88 per share
Weighted average price for the 3,300-share sale on September 2, 2026
Sale price range
$13.84–$13.88 per share
Range of prices for multiple sale transactions on September 2, 2026
Direct holdings after sale
5,800 shares
Directly owned Western New England Bancorp common shares after the reported sale
Indirect holdings via 401(k)
41,419 shares
Shares held through a 401(k) plan as of September 2, 2026
Key Terms
weighted average price, indirectly, 401(k) plan
3 terms
weighted average price financial
"The price reported in Column 4 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.
indirectly financial
"he held 41,419 shares indirectly through a 401(k) plan"
401(k) plan financial
"held 41,419 shares indirectly through a 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
What is the role of Philip R. Smith at Western New England Bancorp (WNEB)?
Philip R. Smith is reported as a director of Western New England Bancorp, Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.
