Western New England Bancorp (WNEB) director granted $20,000 stock award

Rhea-AI Filing Summary

Smith Philip R reported acquisition or exercise transactions in this Form 4 filing.

Western New England Bancorp director equity award. Director Philip R. Smith received a grant of 1,603 shares of common stock on March 6, 2026 as a board compensation award with no cash paid per share. After this grant, he holds 9,100 shares directly and 41,000 shares indirectly through a 401(k) plan. The granted shares were issued under the company’s Amended & Restated 2021 Omnibus Plan, will fully vest on December 31, 2026, and represent the equity portion of his annual board retainer with a grant date fair market value of approximately $20,000.

Insights

Executive compensation analyst

Routine director stock grant worth about $20,000 in equity.

Director Philip R. Smith received 1,603 shares of Western New England Bancorp common stock as a compensation award, not an open-market purchase. The grant has a stated fair market value of approximately $20,000 and vests fully on December 31, 2026.

This filing also shows Smith now holds 9,100 shares directly and 41,000 shares indirectly through a 401(k) plan. Because the transaction is a standard equity retainer under the 2021 Omnibus Plan and not a discretionary buy or sale, it carries limited signaling value for near-term investor sentiment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Smith Philip R

(Last) (First) (Middle)

C/O WESTERN NEW ENGLAND BANCORP, INC.

141 ELM STREET

(Street)

WESTFIELD MA 01085

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Western New England Bancorp, Inc. [ WNEB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/06/2026		A		1,603	A	$0	9,100(1)	D
Common Stock								41,000	I	By 401(K) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares granted under the Company's Amended & Restated 2021 Omnibus Plan fully vest on 12/31/26 and represent the portion of the Director's annual Board retainer that is paid in equity having a grant date fair market value of approximately $20,000.

	/s/ John Bonini, Attorney-in-Fact	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Western New England Bancorp (WNEB) disclose in this Form 4 filing?

Western New England Bancorp reported that director Philip R. Smith received 1,603 shares of common stock as an equity grant. The award is part of his annual board retainer and was valued at approximately $20,000 on the grant date, with vesting scheduled for December 31, 2026.

How many Western New England Bancorp (WNEB) shares did Philip R. Smith acquire?

Philip R. Smith acquired 1,603 shares of Western New England Bancorp common stock through a grant, not a market purchase. These shares were issued under the Amended & Restated 2021 Omnibus Plan and represent the equity portion of his annual board retainer compensation for director service.

What is the value and vesting schedule of the WNEB director stock grant?

The director stock grant has a stated grant date fair market value of approximately $20,000. All 1,603 shares granted to Philip R. Smith will fully vest on December 31, 2026, aligning with Western New England Bancorp’s equity-based compensation structure for its board of directors.

What are Philip R. Smith’s total Western New England Bancorp holdings after this grant?

After the grant, Philip R. Smith holds 9,100 Western New England Bancorp shares directly and 41,000 shares indirectly through a 401(k) plan. The Form 4 filing reports both direct and indirect holdings to give a fuller picture of his equity exposure to the company.

Was the WNEB Form 4 transaction an open-market buy or a compensation award?

The WNEB Form 4 transaction was a compensation award, not an open-market purchase. Philip R. Smith received 1,603 shares at a reported price of $0.00 per share as part of his annual board retainer, granted under the company’s Amended & Restated 2021 Omnibus Plan.