Western New England Bancorp (WNEB) director uses fees to take 441 shares
Rhea-AI Filing Summary
Western New England Bancorp director Steven G. Richter acquired 441 shares of common stock on August 5, 2026 at $13.90 per share, purchased in the open market using director compensation under the Non-Employee Director Stock Election Program. Following this, he held 64,597 shares directly, plus 9,483 shares indirectly via an IRA and 61 shares via his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 441 shares
Net Buy
3 txns
Insider
Richter Steven G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 441 | $13.90 | $6K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,597 shares (Direct);
Common Stock — 9,483 shares (Indirect, By IRA);
Common Stock — 61 shares (Indirect, By Spouse)
Footnotes (1)
- F1. Represents shares purchased in the open market on behalf of the reporting person pursuant to the Company's Non-Employee Director Stock Election Program using compensation otherwise payable in cash.
Key Figures
Shares acquired: 441 shares
Purchase price: $13.90 per share
Direct holdings after transaction: 64,597 shares
+2 more
5 metrics
Shares acquired
441 shares
Common stock acquired on August 5, 2026 under stock election program
Purchase price
$13.90 per share
Price for 441 common shares purchased in the open market
Direct holdings after transaction
64,597 shares
Direct common stock ownership following the August 5, 2026 acquisition
Indirect IRA holdings
9,483 shares
Indirect ownership reported as held by IRA
Indirect spouse holdings
61 shares
Indirect ownership reported as held by spouse
Key Terms
Non-Employee Director Stock Election Program, open market, IRA, indirect
4 terms
Non-Employee Director Stock Election Program financial
"pursuant to the Company's Non-Employee Director Stock Election Program using compensation"
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.
IRA financial
"total_shares_following_transaction": "9483.0000" ... "nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
indirect financial
""direct_or_indirect": "I", "nature_of_ownership": "By Spouse""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Western New England Bancorp (WNEB) report for Steven G. Richter?
Western New England Bancorp reported that director Steven G. Richter acquired 441 common shares on August 5, 2026 at $13.90 per share. The shares were purchased in the open market using director compensation under the Non-Employee Director Stock Election Program.
Was Steven G. Richter’s Western New England Bancorp (WNEB) transaction part of a stock compensation program?
The acquisition relates to the company’s Non-Employee Director Stock Election Program. Under this program, shares are purchased in the open market on behalf of the director using compensation that would otherwise be paid in cash, effectively taking fees in stock instead of cash.