PICKNELLY PAUL C 4

What Happened
Paul C. Picknelly, a director of Western New England Bancorp, received an equity award of 1,603 shares on 2026-03-06. The filing lists the acquisition price as $0.00 because this was a grant (award) rather than an open‑market purchase; the grant has a reported fair market value at grant of approximately $20,000. This transaction is compensation (part of the director’s board retainer), not a buy or sell of existing shares.

Key Details

• Transaction date: 2026-03-06 (reported on Form 4 filed 2026-03-10).
• Transaction type: A = Award/Grant; shares granted: 1,603; acquisition price: $0.00.
• Grant value: grant-date fair market value ≈ $20,000 (per filing footnote).
• Vesting: Shares fully vest on 12/31/2026 (per the Company’s Amended & Restated 2021 Omnibus Plan).
• Shares owned after transaction: not specified in the information provided.
• Filing timeliness: Form 4 filed 2026-03-10 for a 2026-03-06 grant — appears to be timely (filed within required business-day window).

Context
This was a routine equity grant under the company’s omnibus plan to satisfy part of Picknelly’s annual board retainer. Such grants are common director compensation and do not by themselves signal insider buying or selling intent. Grants vest over time (here, fully on 12/31/2026), so the economic interest and potential selling timing will depend on the vesting and any company or individual policies.