Western New England Bancorp (WNEB) director adds 537 shares through stock election
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Western New England Bancorp, Inc. director Paul C. Picknelly acquired additional Common Stock through compensation paid in shares instead of cash. On May 6, 2026, 537 shares were purchased in the open market on his behalf at $14.2988 per share under the Non-Employee Director Stock Election Program. Following this transaction, he directly holds 110,125 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PICKNELLY PAUL C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 537 | $14.2988 | $8K |
Holdings After Transaction:
Common Stock — 110,125 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares acquired: 537 shares
Price per share: $14.2988 per share
Shares owned after: 110,125 shares
+1 more
4 metrics
Shares acquired
537 shares
Common Stock acquired on May 6, 2026
Price per share
$14.2988 per share
Open-market purchase price under director program
Shares owned after
110,125 shares
Direct Common Stock holdings after transaction
Transaction type
Grant/award acquisition (Code A)
Reported as acquisition of non-derivative Common Stock
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 did WNEB director Paul C. Picknelly report in this Form 4?
Paul C. Picknelly reported acquiring 537 shares of Western New England Bancorp Common Stock. The shares were obtained through compensation paid in stock instead of cash under the Non-Employee Director Stock Election Program.
Was this WNEB Form 4 transaction an open-market purchase by Paul C. Picknelly?
The shares were purchased in the open market on behalf of Paul C. Picknelly. The transaction used compensation otherwise payable in cash under Western New England Bancorp’s Non-Employee Director Stock Election Program, rather than a discretionary cash purchase.
What is Western New England Bancorp’s Non-Employee Director Stock Election Program?
The Non-Employee Director Stock Election Program allows director compensation otherwise payable in cash to be used to purchase company Common Stock. In this case, 537 shares were bought in the open market on behalf of director Paul C. Picknelly under this program.