WNEB CIO sells 3,680 shares at $13.42
Western New England Bancorp, Inc. insider Darlene M. Libiszewski, the SVP and Chief Information Officer, reported an open-market sale of 3,680 shares of common stock on May 20, 2026 at $13.42 per share.
Rhea-AI Filing Summary
Western New England Bancorp, Inc. insider Darlene M. Libiszewski, the SVP and Chief Information Officer, reported an open-market sale of 3,680 shares of common stock on May 20, 2026 at $13.42 per share. Following this sale, she directly held 14,048 common shares.
She also reported indirect ownership of common stock through retirement and employee plans, including shares held by an IRA, an ESOP, and a 401(k). A footnote states that her holdings include 8,303 incentive stock award shares that have not yet vested, and that 2,350 shares were transferred from her ESOP account to her 401(k) account under a diversification election made pursuant to the Internal Revenue Code.
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Insider Trade Summary
Net Seller: 3,680 shares
Net Sell
4 txns
Insider
Libiszewski Darlene M
Role
SVP, Chief Information Officer
Sold
3,680 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,680 | $13.42 | $49K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,048 shares (Direct);
Common Stock — 2,350 shares (Indirect, By 401(k));
Common Stock — 7,131 shares (Indirect, by ESOP);
Common Stock — 10,761 shares (Indirect, by IRA)
Footnotes (2)
- F1. Includes 8,303 incentive stock award shares that have not yet vested and have been previously reported.
- F2. Since the date of the reporting person's last report, the reporting person transferred 2,350 shares held in her ESOP account to her 401(k) account pursuant to a diversification election made under the Internal Revenue Code.
Key Figures
Shares sold: 3,680 shares
Sale price: $13.42 per share
Direct holdings after sale: 14,048 shares
+5 more
8 metrics
Shares sold
3,680 shares
Open-market sale of common stock on May 20, 2026
Sale price
$13.42 per share
Price for 3,680 common shares sold
Direct holdings after sale
14,048 shares
Common stock directly owned following the transaction
IRA indirect holdings
10,761 shares
Common stock held indirectly by IRA
ESOP indirect holdings
7,131 shares
Common stock held indirectly by ESOP
401(k) indirect holdings
2,350 shares
Common stock held indirectly by 401(k) after transfer
Unvested incentive shares
8,303 shares
Incentive stock award shares not yet vested
Shares transferred ESOP to 401(k)
2,350 shares
Transfer pursuant to diversification election under Internal Revenue Code
Key Terms
incentive stock award shares, ESOP, 401(k), IRA, +1 more
5 terms
ESOP financial
"transferred 2,350 shares held in her ESOP account to her 401(k) account"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"transferred 2,350 shares held in her ESOP account to her 401(k) account"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
IRA financial
"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.
Internal Revenue Code financial
"pursuant to a diversification election made under the Internal Revenue Code"
The Internal Revenue Code is the U.S. federal law that sets the rules for calculating, collecting, and enforcing taxes — essentially the country's tax rulebook. It matters to investors because those rules determine how much companies and individuals actually keep after taxes, affecting profits, cash flow, dividend payouts, deal structures and the after-tax return on investments; changes in the Code can change financial outcomes and investment strategy much like a rule change in a game.
FAQ
What insider transaction did WNEB executive Darlene Libiszewski report?
Darlene M. Libiszewski reported an open-market sale of 3,680 shares of Western New England Bancorp common stock. The sale occurred on May 20, 2026, and was executed at a price of $13.42 per share according to the Form 4 filing data.
What does the Form 4 say about unvested WNEB incentive stock awards?
A footnote explains that Darlene Libiszewski’s reported holdings include 8,303 incentive stock award shares that have not yet vested. These shares were previously reported and remain part of her overall position but are subject to vesting conditions before becoming fully available.
Did the WNEB Form 4 disclose any transfers between employee plans?
Yes. The filing notes that 2,350 shares were transferred from Darlene Libiszewski’s ESOP account to her 401(k) account. This transfer occurred under a diversification election made pursuant to the Internal Revenue Code and reflects a movement between retirement-related accounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
