SEC Form 4 · accession 0001123292-19-000275
Western New England Bancorp, Inc. · WNEB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Louis O Gorman III
Officer — SVP - Chief Credit Officer
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 6:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001157647
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 14, 2019 | A | 1,941 | $9.75 | A | 12,374 | D | |
| Common StockF2 | Feb 14, 2019 | F | 595 | $9.75 | D | 11,779 | D | |
| Common Stock | holding | — | — | — | 22,195 | I | By ESOP |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were issued to the reporting person pursuant to the Western New England Bancorp 2016 Long-Term Incentive Plan, which provided for the award of shares of common stock of the Company based on the Company's performance over a designated three-year period.
- F2Reflects shares of common stock surrendered to the Issuer to satisfy tax withholding obligations in connection with the award of common stock described in footnote 1.