Western New England (WNEB) director awarded stock grant worth about $20K
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McMahon Lisa G reported acquisition or exercise transactions in this Form 4 filing.
Western New England Bancorp director Lisa G. McMahon received a grant of 1,603 shares of Common Stock as part of her annual Board retainer. The shares, with a grant date fair value of approximately $20,000, were awarded under the Amended & Restated 2021 Omnibus Plan and fully vest on 12/31/26. Following this equity award, she holds 60,187 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McMahon Lisa G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,603 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 60,187 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Western New England Bancorp (WNEB) disclose for Lisa G. McMahon?
Western New England Bancorp disclosed that director Lisa G. McMahon received a grant of 1,603 shares of Common Stock. The award represents part of her annual Board retainer, paid in equity under the company’s Amended & Restated 2021 Omnibus Plan.
What is the approximate value of Lisa G. McMahon’s new WNEB stock grant?
The new grant to Lisa G. McMahon has a grant date fair market value of approximately $20,000. This equity award reflects the portion of her annual Board retainer that is paid in stock rather than cash compensation.
Is Lisa G. McMahon’s WNEB stock grant an open-market purchase or a compensation award?
Lisa G. McMahon’s 1,603-share transaction is a compensation-related equity award, not an open-market purchase. It represents the equity portion of her annual Board retainer, granted at no cash cost to her under the company’s omnibus compensation plan.