Western New England Bancorp (WNEB) EVP receives 4,246-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Miles Allen J III reported acquisition or exercise transactions in this Form 4 filing.
Western New England Bancorp EVP & Chief Lending Officer Miles Allen J III received a grant of 4,246 shares of common stock on March 6, 2026, at no cash cost. Following this award, he holds 42,138 shares directly, including 9,912 unvested time-based incentive shares scheduled to vest in tranches on 12/31/26, 12/31/27, and 12/31/28. He also reports indirect holdings of 36,587 shares through an ESOP, 22,029 shares through a 401(k) plan, and 75 shares held for his son in a UTMA account.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Miles Allen J III
Role
EVP & Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,246 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,138 shares (Direct);
Common Stock — 36,587 shares (Indirect, by ESOP)
Footnotes (1)
- Total direct includes 9,912 unvested time-based incentive stock award shares, for which 5,202, 3,294 and 1,416 shares are scheduled to vest on 12/31/26, 12/31/27 and 12/31/28 respectively. 75 shares held by son in an UTMA.
FAQ
What did WNEB executive Miles Allen J III report in this Form 4?
He reported receiving a grant of 4,246 Western New England Bancorp common shares on March 6, 2026. This was a compensation-related award at no cash cost, increasing his reported direct holdings and updating several indirect retirement and family accounts.
What indirect Western New England Bancorp holdings are reported for Miles Allen J III?
He reports indirect ownership of 36,587 WNEB shares via an ESOP, 22,029 shares via a 401(k) plan, and 75 shares in a UTMA account for his son. These accounts supplement his direct share ownership.
Was the WNEB Form 4 transaction a market purchase or a compensation grant?
The Form 4 shows a compensation-related grant of 4,246 shares coded as a grant or award, with a reported price of $0.00 per share. It is not an open-market purchase or sale, but an equity award increasing reported holdings.